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News and Articles

September 2017

Restructuring of Isle of Man operations

12.09.17

Activities in the Isle of Man are to be split into two companies following a strategic review.

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November 2016

Colin Peters appointed as Banking Manager - Article in Business 365 magazine

15.11.16

Cayman National’s banking services has strengthened its management team with the appointment of Colin Peters as Banking Manager. Colin has been charged with the responsibility for oversight of banking and lending operations and for general business development.

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November 2014

Local charities benefit from Cayman National’s presentation at Crypto Currency Seminar

Local charities benefit from Cayman National’s presentation at Crypto Currency Seminar

04.11.14

On 24th October, Lee Penrose, Cayman National’s Senior Fiduciary Executive was asked to present the Crypto-Currencies 101 seminar organised by Hamblin Employment Group.

Over the last four months Lee has been researching and evaluating the potential of crypto-currencies on behalf of Cayman National and he has attended the Bitcoin 2014 (Amsterdam) and BitFin (Dublin) conferences as well as the recent Crypto Valley Summit organised by the Isle of Man Government.

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October 2014

Tax Agreement with Indonesia now ratified

23.10.14

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Republic of Indonesia came into force on 22 September 2014.

The agreement is part of the Isle of Man Government’s programme of developing closer economic and taxation co-operation with other countries around the world.


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Tax Agreement with Switzerland

23.10.14

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Swiss Confederation entered into force on 14 October 2014.

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Appointment of Andrew Hardman as Custodian Manager at Cayman National

Appointment of Andrew Hardman as Custodian Manager at Cayman National

10.10.14

The Cayman National Group are pleased to announce the appointment of Andrew Hardman as Manager of Custodian Services at Cayman National Bank and Trust Company (Isle of Man) Limited.

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August 2014

Digital Currency - An Opportunity for the Isle of Man by Lee Penrose

23.08.14

In this article, Lee has provided an in-depth overview of the concept, players, issues and opportunities in this emerging industry, recognising at the same time an opportunity for the Isle of Man to be a key player in this field.

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Isle of Man signs Tax Co-operation Agreement with Swaziland

07.08.14

The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with the Kingdom of Swaziland.

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July 2014

The World of Virtual Currencies by Ian Bancroft, Managing Director

30.07.14

Virtual or digital currencies are electronic currencies that are stored, exchanged and used entirely through computer media. They are not legal tender, but provided a sufficiently large user communicate are prepared to place trust in them, they can be used for the settlement of transactions and for savings purposes. Although such digital currencies have been in existence for quite some time, there has been a significant surge in interest over the past year in crypto currencies, which are a subset of the virtual currency universe, and in particular in 'Bitcoin', which was the first crypto-currency, launched in 2009.

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Update on information exchange by Ian Bancroft, Managing Director

28.07.14

After some delays and with no small measure of confusion and complication for the entire financial services community, FATCA (the Foreign Accounts Tax Compliance Act) has finally arrived. Although FATCA was originally a US initiative, the UK introduced a comparable regime for the British territories, which follows a very similar path to the US regime, even to the extent of referring in the UK regulations to 'checking accounts', a spelling previously unfamiliar to banking on this side of the Atlantic! Consequently, in relation to our US and UK clients, the FATCA regime commenced on 1 July.

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New Director of Civil Aviation for the Isle of Man

24.07.14

The Department of Economic Development has announced that Simon Williams will take over the role as the Isle of Man’s new Director of Civil Aviation on October 1st 2014 replacing Hartley Elder who retired earlier this year.

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High Commendation for Isle of Man Financial Services Sector

21.07.14

The Isle of Man's Financial Services sector was the big winner at this year's International Fund and Product Awards with virtually all categories being won by Isle of Man-based firms and a number of others being 'Highly Commended'.


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