The objects stated in the treaty are to improve the effectiveness of the law enforcement authorities of both the United States and the Cayman Islands in the investigation, prosecution and suppression of crime through co-operation and mutual legal assistance in criminal matters. The Cayman Islands is a global leader in the establishment of offshore trusts. The Cayman Islands is considered by the international financial community to be a leader in the global insurance industry. Over 400 captive insurance companies are present in the Cayman Islands. Some 30 organisations, including Aall Trust, are licensed to provide complete company management services.
Most funds are in the form of open-ended investment companies, although unit trusts are also used.
There is also a Cayman Island Stock Exchange on which most of these funds are listed. The Islands boasts a quality 1 British Registry rating enabling the registration of vessels of all sizes and class.