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Cayman Islands: Government Business
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The Cayman Islands welcome only substantial, recognized, wellrun banks and, as a result, banks with household names from all corners of the globe are taking advantage of Cayman's modern facilities to conduct international business. These banks are licensed under the Banks & Trust Companies Law (2001 Revision).
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The British Crown appoints a Governor of the Cayman Islands, who is recruited from the U.K. Government service and serves as the British representative. Daily administration of the islands is conducted by the seven-member Executive Council.
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