Search Results for 'grey list'
Cayman chairs CFATF as it awaits de-listing
(CNS): The Cayman Islands is preparing to host the 55th Plenary and Working Group Meetings of the Caribbean Financial Action Task Force (CFATF) this weekend, during which Attorney General Sam Bulgin will assume the chair on behalf of Cayman, taking over from Bermuda. Over 200 overseas delegates will be attending the five-day event alongside 130 local […]
Food truck robbed by armed cyclist
(CNS): Police say an armed, masked cyclist held up the Burger Shack food truck on Crewe Road close to Country and Western bar on Monday night at around 8:30pm. The man approached the truck on a bicycle brandishing a firearm and demanded cash from the staff working on the truck. After taking an undisclosed sum, […]
Cayman’s efforts to avoid blacklist fails
(CNS): Despite passing a raft of laws in the Legislative Assembly to avoid being blacklisted by the European Union, it appears that the Cayman Islands will be added to the EU’s list of jurisdictions with lax standards for financial crime. The Financial Times has reported that while both Cayman and the British Virgin Islands were […]
Cayman dodges tax list but pressure persists
(CNS): The Cayman Islands government has welcomed the news that this jurisdiction has avoided the latest European Union tax blacklist, but officials have indicated that the pressure is still on as the EU continues to express further concerns about economic substance requirements for collective investment vehicles (CIVs), otherwise known as funds, and one of the […]
CIG: Dutch blacklisting unjustified diversion tactic
(CNS): Government has accused The Netherlands of including the Cayman Islands on its separate blacklist as a way of diverting criticisms of its own tax practices by attacking legitimate tax regimes. Officials here said it was “unjustified” and “wholly lacking in fairness and credibility” to place Cayman on the list of 21 jurisdictions. Cayman found itself […]
BOTs still hopeful of dodging EU blacklist
(CNS): The issue of the European Union blacklisting process was a prominent topic of discussion this week in London at the Joint Ministerial Council meeting between the leaders of British Overseas Territories and UK officials. The session Wednesday on financial services was attended by Mel Stride, the UK Treasury’s Financial Secretary, who told the territories’ […]
Rivers heads to Brussels to keep Cayman off blacklist
(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 sector here and is currently drafting legislation to […]
Cayman under new EU black-list threat
(CNS): As the UK government moves towards trade talks with the European Union as part of the Brexit negotiations, the British Overseas Territories, including Cayman, could be used as leverage and may be placed on the black-list that they recently avoided, according to a report in the Independent Sunday. Brussels is planning to demand that […]
Panton navigates choppy ‘blacklist’ waters
(CNS Business): The Cayman Islands financial services minister has been doing the rounds in Brussels and London over the last week to persuade European officials that Cayman should not be on any grey or blacklists and to talk about the continued pressure from the UK for Cayman and the other territories to introduce a public register […]
Lawyer argues Watson conviction ‘politically expedient’
(CNS): Andrew Trollope KC told the Cayman Islands Court of Appeal on Thursday that the crown’s case against Canover Watson was directly connected to and influenced by the government’s goal to get the Cayman Islands removed from the Financial Action Task Force’s grey list and the conviction is unsafe. The UK-based lawyer argued that the […]
Ex-Maples boss to chair Anti-Corruption Commission
(CNS): Charles Jennings has been appointed as the chairperson of the Anti-Corruption Commission for the next twelve months, taking over from Adrian “Gus” Pope, Governor Jane Owen has announced. Jennings, who has been a member of the ACC for the last two years, is a former worldwide managing partner of Maples and Calder and former president […]
