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Governor hopes BO register will be global standard

Governor hopes BO register will be global standard

| 05/11/2018 | 34 Comments
(CNS): Governor Martyn Roper has said he hopes the Cayman Islands will not be going it alone when it introduces a public register identifying the beneficial owners of companies and other financial entities, as the UK will be promoting this as a global standard. There are international efforts now af [...]

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Cayman Finance courts Chinese investors

Cayman Finance courts Chinese investors

| 05/11/2018 | 39 Comments
(CNS): Cayman Finance CEO Jude Scott was a featured speaker at events in September in three major Asian cities, organised by the local offshore firm Maples. Scott spoke to business leaders and investors in Shanghai, Beijing and Hong Kong about how the Cayman Islands operates as a “neutral a [...]

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Legal associations merging into one body

Legal associations merging into one body

| 24/10/2018 | 33 Comments
(CNS): The Cayman Islands Law Society (CILS) and the Caymanian Bar Association (CBA) are about merge into one single professional body. After years of the CBA largely representing the interests of local litigators and the Law Society attorneys involved in the offshore sector, the two professional bo [...]

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Bush grilled about UK-Cayman relationship

Bush grilled about UK-Cayman relationship

| 16/10/2018 | 36 Comments
(CNS): Eric Bush was asked if the Cayman Islands was on a collision course with the British government over the issue of beneficial ownership when he faced questions from UK members of parliament on Tuesday, when he appeared before the House of Commons Foreign Affairs Select Committee. The committee [...]

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UK and local agencies agree on info exchange

UK and local agencies agree on info exchange

| 08/10/2018 | 11 Comments
(CNS): British and Cayman Islands crime fighting agencies appear to have resolved their differences over the exchange of information on beneficial ownership information in criminal probes following recent complaints from the National Crime Agency (NCA) that the Cayman authorities were being uncooper [...]

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Public purse coughs up CI$26k for UK MP’s trip

Public purse coughs up CI$26k for UK MP’s trip

| 08/10/2018 | 26 Comments
(CNS): The September 2018 register of interest report for British members of Parliament reveals that the Cayman Islands’ taxpayers stumped up about £24,108 (CI$26,344) to cover the cost of a short visit from Britain, 2-6 August, by four MPs: Andrew Rosindell, Henry Smith, Col. Bob Stewart an [...]

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EU issue remains ‘fluid’ as deadline approaches

EU issue remains ‘fluid’ as deadline approaches

| 04/10/2018 | 8 Comments
(CNS): Financial Services Minister Tara Rivers described the situation between the Cayman Islands and the European Union over the looming threat of blacklisting at the end of this year as “fluid” following meetings in Brussels last month. The Cayman Islands avoided the latest offshore fi [...]

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UK-Cayman row over cooperation intensifies

UK-Cayman row over cooperation intensifies

| 18/09/2018 | 79 Comments
(CNS): The row between the Cayman Islands Government and the UK intensified on Monday, as Foreign and Commonwealth Office officials stood by the National Crime Agency’s complaints, while Premier Alden McLaughlin continued to deny that Cayman was the cause of the disagreement over what the UK s [...]

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Rivers heads to Brussels to keep Cayman off blacklist

Rivers heads to Brussels to keep Cayman off blacklist

| 18/09/2018 | 19 Comments
(CNS): Financial Services Minister Tara Rivers is in Brussels this week with the aim of keeping the Cayman Islands from being blacklisted by the European Union at the end of this year over concerns about unfair tax practices. The Cayman government has been engaging with the financial services secto [...]

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Republic Bank pushes bid for Cayman National

Republic Bank pushes bid for Cayman National

| 18/09/2018 | 45 Comments
(CNS): Republic Bank TT (Barbados) Ltd (RBTTBL), a wholly-owned subsidiary of Republic Financial Holdings Ltd (RFHL), has signed “an implementation agreement” with Cayman National Corporation Ltd in its continued efforts to take over the local financial institution. Shareholders have been offere [...]

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CIG denies uncooperative claims by UK crime agency

CIG denies uncooperative claims by UK crime agency

| 15/09/2018 | 85 Comments
(CNS): The premier’s office has denied allegations made by Donald Toon, Director Prosperity (Economic Crime and Cyber Crime) of the UK’s National Crime Agency, that the Cayman Islands Government has not been cooperative with the NCA’s investigations. In a BBC report on Saturday, [...]

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Cayman News Service