The dynamic landscape that is the Cayman funds sector with all its opportunities and challenges was debated by a panel of executives and politicians at the annual Cayman Funds roundtable hosted by EY. Regulatory changes, competition and the potential of cryptocurrencies were hot topics.
The Cayman Islands Directors Association, a rising force on the Cayman Islands for several years, celebrates its 10th anniversary in 2018. Cassandra Powell, its president, tells Cayman Funds about its achievements in 2017 and its plans for the year ahead.
No later than 30 September 2018, all funds domiciled in the Cayman Islands must appoint natural persons to serve as their Anti-Money Laundering Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”), and Deputy Money Laundering Reporting Officer (“DMLRO”). This applies to all hedge and private equity funds, whether registered with CIMA or not.
Leanne Golding, Senior Vice President of Harbour, participated in the 2018 Opalesque Cayman Roundtable. The group examined a number of topics including risk based approach to AML/CFT, cryptocurrencies, emerging manager platforms, data protection and cybersecurity and growing use of advisory boards.