Cayman Islands
July 16 2001
The Cayman Islands has grown from a sleepy, little visited territory to become an important participant in global financial services. The development has been encouraged by prudent management of the territory's affairs, political and financial stability, and an absence of polarised politics. The territory of three islands of 100 square miles with a population of 37,000 is fighting to clear its name from a list drawn up by industrialised countries of jurisdictions that have been uncooperative in the fight against money laundering.
Financial regulation Tax haven tightens up its financial regulations
Country fact file
Monetary Authority makes its presence felt
Politics & economy Constitution set for changes
Prosperity reliant on two industries
Financial sectors 'Captives' are big business
Blacklist difficulties overcome
Banks, trusts and mutual funds
Flexibility attracts mutuals
Issues Expensive destination seeks market strategy
Task force gives a timely wake-up call
Related surveys Cuba 1999
Guernsey 1999
Isle of Man 2000
Puerto Rico 1999