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The Cayman Islands is the fifth-largest banking centre in the world, [16] with $1.5 trillion in banking liabilities as of June 2007. [14] In March 2017 there were 158 banks, 11 of which were licensed to conduct banking activities with domestic (Cayman-based) and international clients, and the remaining 147 were licensed to operate on an ...
In June 2000, the Cayman Islands was listed by multilateral organisations as a tax haven and a non-cooperative territory in fighting money laundering. The country's swift response in enacting laws limiting banking secrecy, introducing requirements for customer identification and record keeping, and for banks to cooperate with foreign ...
De Nederlandsche Bank (monetary authority) Federal Reserve Bank (U.S. dollar) float Cayman Islands: Cayman Islands dollar: KYD: Cayman Islands Monetary Authority: 1.00 KYD = 1.20 USD Cuba: Cuban peso: CUP: Central Bank of Cuba: 24.00 CUP = 1.00 USD Sint Maarten: Netherlands Antillean guilder [1] ANG: Central Bank of Curaçao and Sint Maarten: 1 ...
The Cayman Islands Monetary Authority (CIMA) is the primary financial services regulator of the Cayman Islands and supervises its currency board. [2]The CIMA manages the Cayman Islands currency, regulates and supervises financial services, provides assistance to overseas regulatory authorities and advises the Cayman Islands government on financial-services regulatory matters.
The Chamber Pension Plan ("Plan") was established by the Cayman Islands Chamber of Commerce in 1992 to address the need to encourage and promote retirement savings for workers in the Cayman Islands.
A letter by the District Attorney of New York, Robert M. Morgenthau, published by The New York Times, states that the Cayman Islands has US$1.9 trillion on deposit in 281 banks, including 40 of the world's top 50 banks, [6] although official statistics published by the Cayman Islands Monetary Authority suggest the amounts held on deposit are ...
The booming U.S. stock market will help keep the dollar expensive as global investors pour money into America, a foreign exchange strategist said. But the politics of any trade deals that the ...
BAC Credomatic has presence all over Central America, as well as in the United States, Cayman Islands and The Bahamas. In 2004 The Group started its credit card operations in Mexico, which was later sold to Banco Invex in 2016. [1] In December 2010, Grupo Aval completed the purchase of the BAC Credomatic banking group. [2] [3]