Minister for Financial Services and Commerce, the Hon. André Ebanks, provided remarks for both events on 30 November and stated both functions had a direct tangible impact on the country's reputation in financial services.
"The Cayman Islands is renowned for its strong financial services that caters to many sectors, inclusive of captive insurance, and features a robust legal framework that ensures we provide the level of regulation that cultivates sound business in the jurisdiction," Minister Ebanks said. "Those who regularly interact with us appreciate how this works in practice and it's important that we share our considerable experience and our contributions to the global fight against illicit activity with as many stakeholders as we can."
The Forum, organised by the Insurance Managers Association of the Cayman Islands (IMAC), featured over 1,500 attendees from 29 November to 1 December at the Ritz-Carlton Grand Cayman, representing a broad cross section of the captive insurance industry from company owners to service providers. According to IMAC, it is the largest conference of its kind in the world.
Held from 26 November to 1 December, the plenary marked the 30th anniversary of the CFATF as the first FATF-Style Regional Body to be established. It was also the first in-person CFATF plenary since November 2019, due to restrictions related to the COVID-19 pandemic.
Both events come after the Minister travelled to Bahamas, England and Belgium earlier in November for a number of previously reported important international financial services engagements.
The Cayman Islands hosted the first in-person CFATF plenary since
November 2019, due to restrictions related to the COVID-19
pandemic.
Minister for Financial Services and Commerce, the Hon. André
Ebanks spoke to the strength of our financial services and the
importance of regulation at the Cayman Captive Forum on 30
November.
The Cayman Captive Forum featured over 1,500 attendees from 29
November to 1 December at the Ritz-Carlton Grand Cayman,
representing a broad cross section of the captive insurance
industry from company owners to service providers.
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