Tag: beneficial ownership

Cayman commits to public BO registers

Cayman commits to public BO registers

| 09/10/2019 | 25 Comments

(CNS): The Cayman Islands Government has confirmed it will introduce the controversial public register showing the beneficial owners of all financial entities domiciled in this jurisdiction by 2023, in line with the emergence of these registers across Europe, officials said. The issue caused considerable controversy when the UK parliament passed an amended bill in May […]

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Minister lobbies US officials

Minister lobbies US officials

| 18/07/2019 | 15 Comments

(CNS): Financial Services Minister Tara Rivers continued her efforts to “dispel harmful myths about the Cayman Islands” last week with another trip to Washington DC. Rivers met with Justin Muzinich, the deputy secretary of the US Treasury, as well as US senators, members of Congress, senior Congressional staff, and other federal agency officials to lobby […]

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FCO not setting dates on sensitive OT issues

FCO not setting dates on sensitive OT issues

| 13/05/2019 | 17 Comments

(CNS): The UK does not plan to implement orders-in council to force same-sex marriage laws on its overseas territories or to push them into allowing British and British Overseas Territory citizens to be able to vote and hold elected office in these territories. The Foreign and Commonwealth Office’s response to a report by the UK […]

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UK Companies House vulnerable to crooks

UK Companies House vulnerable to crooks

| 08/05/2019 | 6 Comments

(CNS): The UK is planning the biggest overhaul of its corporate register at Companies House since the nineteenth century following concerns it is being used by criminals around the world to launder their dodgy cash. According to reports in the British media, the 175-year-old institution will be given more power to check information from people […]

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Bermuda politicians plan debate on FAC report

Bermuda politicians plan debate on FAC report

| 05/03/2019 | 40 Comments

(CNS): Politicians in Bermuda plan to debate a motion in their legislature calling on the UK government to reject recommendations in a new report from the Foreign Affairs Committee over fears that it may be gathering traction in the British parliament. So far there has been no indication that Cayman Islands Premier Alden McLaughlin plans […]

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Crown Dependencies fight against BO registers

Crown Dependencies fight against BO registers

| 04/03/2019 | 21 Comments

(CNS): The leaders of Britain’s Crown Dependencies were in London Monday in an effort to stop any attempts by the UK government to impose public beneficial ownership registers on them as it has on the British Overseas Territories. Like the BOTs, the Isle of Man, Jersey and Guernsey are under threat of being blacklisted by […]

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US could end up on EU blacklist, say officials

US could end up on EU blacklist, say officials

| 13/12/2018 | 63 Comments

(CNS): As the European Union updates its blacklist of global financial centres, the United States could end up on the list next year, Bloomberg has reported. Many critics of the attacks on offshore centres have often pointed to the hypocrisy relating to how onshore financial centres in major countries are given a pass while offshore […]

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Date set for UK-CIG constitutional talks

Date set for UK-CIG constitutional talks

| 22/11/2018 | 31 Comments

(CNS): After almost six months of trying to secure a meeting with the British government to discuss the constitutional relationship between Cayman and the UK, the premier has confirmed that talks have now been set for next month. Alden McLaughlin said that after the Overseas Territories Joint Ministerial Council meeting in London, he will head […]

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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 afoot to ensure transparency in the […]

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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 is reviewing Britain’s relationship with all […]

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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 uncooperative. Although Premier Alden McLaughlin had refuted these allegations, in a joint statement from […]

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We have created a new system to help us address questions we receive from the public for the press briefings. We are getting hundreds every day and it’s impossible to read and deal with them while the PB is in process as there are a lot of moving parts to being able to do the Zoom meeting, take notes and respond to their info in real time.

So we are asking people to send their questions each day BEFORE NOON to: covid-questions@caymannewsservice.com

This will give us a chance to read, sort and consolidate the questions so that we get to the issues that people are most concerned about.

Thanks for your help. In the meantime the ones you have sent will be sorted and collated.