News
A New Paradigm in Governance
New hire further boosts our offering
Here at Paradigm Governance Partners, we are delighted to unveil a new addition to our growing team of experts. Glen Wigney has joined us as a fund director. Glen was formerly a member of Deloitte’s global financial services team having spent 30 years with the firm in...
Investing in and encouraging health and wellbeing
Here at Paradigm Governance Partners, we continue to support our staff to be as fit and healthy as they can be – in every way. In early December, Paradigm staff enjoyed a wellness session, where members of our team participated in a rejuvenating mat Pilates and Yoga...
Regulatory and legal updates
Beneficial Ownership Transparency Regime The enforcement of new requirements set out in the Beneficial Ownership Transparency Regime (BOTA), which commenced on July 31, 2024, will come into force from January 1, 2025. It replaces a prior regime that had been in place...
Giving back: Help for Children to Meals on Wheels
Here at Paradigm Governance Partners, we know we are nothing without our people – and that means nothing without the community they and we live in and rely on. We do what we can when we can – and that has been quite a lot, of late. In November, we had the pleasure of...
REGULATORY UPDATE
Regulatory fees to increase The Ministry of Financial Services has confirmed that it has competed a consultation process with industry, and, once approved by Cabinet, proposed revisions to General Registry service fees will come into effect on 1 January 2025. These...
Paradigm in the community: supporting Cayman’s fundraising
At Paradigm Governance Partners, personal engagement and partnership are core values. Participating in local community events is more than just a way to give back; it’s an expression of our belief in individual and collective responsibility and the importance of being...
Paradigm out and about: industry events, team building and training
At Paradigm Governance Partners, we take pride in supporting and participating in a variety of events that bring value to both our industry and the community. Over the past few months, our team has been actively involved in initiatives that inspire professional...
Notable deadlines and legislative changes
BOT Act On 29 May, 2024, the Ministry of Financial Services and Commerce stated that it is continuing to progress the legislative and systems changes required to implement the Beneficial Ownership Transparency (BOT) Act. That commencement is expected in July 2024. But...
Key deadlines for CRS filings
The Department for International Tax Cooperation (DITC) issued some important updates in June reminding Cayman Islands financial Institutions of their common reporting standard (CRS) annual reporting obligations. There are a number of key deadlines to be aware of. The...
FATF vows to step up efforts
Ministers at the Financial Action Task Force (FATF) have said they intend to step up their efforts to effectively implement standards to regulate virtual assets and virtual assets service providers. The FAFT Plenary agreed on a roadmap to strengthen the implementation...