Alan Taylor, Legal and Technical Advisor to the Cook Islands Financial Services Development Authority (FSDA), penned an article for the inaugural Asset Management Captive Insurance Annual 2024.

The Annual, published by the Captive Insurance Times, addresses Asset management, which is often treated as an afterthought when forming a captive. 

Taylor notes in the article that over the past two decades, global regulatory measures targeting offshore financial centres have reshaped the financial landscape. 

In response, the Cook Islands has aligned with FATF, OECD, and EU standards, implementing FATCA, CRS, and BEPS initiatives while preserving legitimate privacy for clients. Innovative legislative changes, such as the Income Tax Amendment Act 2021, have ensured compliance without compromising the jurisdiction’s competitiveness. 

The Captive Insurance Act 2013 further underscores the Cook Islands’ commitment to providing robust, compliant, and flexible financial solutions. 

Recognised for its strong AML/CFT framework, the Cook Islands remains a trusted and innovative international financial services destination.

Read the Full Article Here >> Website | Online PDF