Update to banking regulations further enhances Cayman’s appeal
- an “A” banking licence which permits domestic business with residents of the Cayman Islands as well as offshore business;
- an unrestricted “B” banking licence which permits only business conducted outside of the Cayman Islands; and
- a restricted “B” banking licence which is subject to the same limitation as an unrestricted “B” banking licence but in addition, the licensee is restricted to a preapproved customer base.
Published September 22, 2014
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