Tag: beneficial ownership
EU issue remains ‘fluid’ as deadline approaches
(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 finance list in 2017 regarding the tax regime here but was […]
UK-Cayman row over cooperation intensifies
(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 says is the declining co-operation compared to other 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 […]
CIG denies uncooperative claims by UK crime agency
(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, Toon said NCA inquiries had led them to offshore firms registered in Cayman but […]
CARICOM backs BOTs in constitutional fight with UK
(CNS): UPDATED with comment from Premier: Caribbean leaders have expressed their solidarity with the British Overseas Territories in the region that are being adversely affected by the unilateral action of the UK to legislate domestic policy constitutionally devolved to them without the consent and involvement of their people. According to a communiqué released by CARICOM at the […]
Premier seeks CARICOM help with UK dispute
(CNS): The Cayman Islands premier is turning to regional organisation CARICOM for help in its fight with the United Kingdom over what he has termed as the “constitutional overreach” by the British government after it passed legislation imposing public beneficial ownership registers on the overseas territories. Alden McLaughlin and Attorney General Samuel Bulgin are heading to […]
Cayman waiting on timeline for constitutional talks
(CNS): Premier Alden McLaughlin told his colleagues in the Cayman Islands Legislative Assembly on Thursday that he has already requested a time frame from the British government for when constitutional talks can begin and said he had been assured that the dates would be settled soon. The decision to approach the UK about removing the […]
UK MPs double down on demand for public registers
(CNS): The leaders of the British Overseas Territories impacted by the UK parliament’s vote in April to impose public ownership registers are currently in London, battling to reverse the decision and, in Cayman’s case, attempting to change the constitution. However, the British MPs behind the move doubled down this week. Andrew Mitchell, the Conservative MP who […]
CIG officials make ‘great progress’ on constitution
(CNS): Cayman Islands London representative Eric Bush, who has been coordinating meetings in the UK for the premier’s delegation this week, said that “great progress” is being made in efforts to improve the constitutional relationship between Britain and the Cayman Islands. Premier Alden McLaughlin and other government officials met with lawyers Sir Jeffrey Jowell QC […]
Constitutional reform focus of premier’s UK trip
(CNS): Premier Alden McLaughlin is currently heading a delegation on a trip to London, where he and his officials will be meeting with fellow overseas territory leaders and British government representatives to discuss a number of issues, with constitutional reform at the top of the agenda. McLaughlin said the territory leaders always meet ahead of the […]
Miller seeks speedy constitutional change
(CNS): The opposition leader is hoping to see a speedy advancement of plans to change section 125, the last and shortest clause in the Constitution that allows the UK government to impose domestic law on the Cayman Islands. Given the Conservative Party’s precarious hold on power, given its slim majority, and another potential threat from […]
