Tag: beneficial ownership
Opposition calls for UK media campaign
(CNS): The opposition is urging the government to engage in a targeted media campaign in the UK to tell the Cayman Islands’ story and engage the people there in influencing their representatives. Chris Saunders, the opposition spokesperson, said government should begin a sustained public information initiative designed to reach the mainstream media and NGOs and other special […]
Cayman to bring fight over BO to local courts
(CNS): The premier has said that the Cayman Islands will resist the Order-in-Council from Britain if it seeks to impose a public beneficial ownership register before the rest of the world adopts this model of transparency. Alden McLaughlin said that having taken advice from leading constitutional lawyers in London, the government will not seek a […]
Cayman seeking constitutional changes
(CNS): The Cayman Islands Government, with the support of the opposition, is entering into dialogue with the United Kingdom to change parts of the Constitution relating to the territory’s relationship with Britain. Premier Alden McLaughlin said he had already spoken with Prime Minister Theresa May about clarifying and amending parts of the Constitution to prevent […]
House of Lords approve bill paving way for BO register
(CNS): Lord Ahmad said in the House of Lords Monday that the standards of the British Overseas Territories’ financial services on beneficial ownership information surpass international standards and admitted that by accepting a policy of imposing public registers, the UK government was disenfranchising the local democratically elected governments. As the upper chamber of the British […]
Coat of Arms London party still on despite row with UK
(CNS): Premier Alden McLaughlin will be leading a delegation to the UK next week to launch the celebrations for the 60th anniversary of the Cayman Islands Coat of Arms. The government has chosen to begin marking the diamond jubilee in London, despite tensions between Britain and its overseas territories over the threatened imposition of public beneficial […]
Premier: Cayman not ready to go it alone
(CNS): The decision by the British government to amend the Sanctions and Anti-Money Laundering Bill to require its overseas territories to establish public registers of the beneficial owners in their jurisdictions has stirred up the topic of independence again, but Premier Alden McLaughlin said the Cayman Islands is not ready yet. Speaking about the UK […]
Premier: UK treachery goes beyond enforced register
(CNS): News that the UK is going to force the Cayman Islands and other overseas territories to establish public registers of beneficial ownership relating to the financial entities domiciled there is a “treachery” that goes beyond the registers itself, Premier Alden McLaughlin has said. The move is “way beyond” the policy question and has to […]
Crown Dependencies remain target of UK MPs
(CNS): The two members of the British parliament who led the cross-party campaign to force the British Overseas Territories to establish open beneficial ownership registers have said that they are continuing that campaign to ensure it also applies to the Crown Dependencies. Government and private sector entities here and in other BOTs have all expressed […]
Cayman Finance remains calm, Chamber outraged
(CNS): Jude Scott, the CEO of Cayman Finance, has responded relatively calmly to the vote in the UK parliament yesterday, which will see the British government impose a public beneficial owners register on the Cayman Islands, as he pointed to the two-year process, during which time the dialogue with the UK would continue. Meanwhile, Chamber […]
Bush tells BBC that Cayman is proud to be British
(CNS): Eric Bush, the Cayman Islands’ representative in London, told BBC Radio 4’s flagship morning news programme, Today, that the Cayman Islands is a part of the UK because it wants to be and is proud to be British. Speaking to John Humphrys in the wake of the vote in the UK parliament yesterday to […]
The premier has failed and should resign
“Sad” writes: Alden McLaughlin should resign immediately from the Office of Premier. This comment may sound politically motivated, but it is not. In fact, it is expected in politics that when a politically elected leader fails in the performance of his duty on a level that is so detrimental to the very persons to whom […]
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