Tag: British overseas territories
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 […]
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 […]
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 […]
Premier to represent BOTs at Commonwealth talk-shop
(CNS): Premier Alden McLaughlin will be heading to London Thursday for the Commonwealth Heads of Government Summit as the representative for the British Overseas Territories. The Cayman Islands leader is currently serving as the United Kingdom Overseas Territories Association (UKOTA) president and has been invited to the international talking-shop by Lord Ahmad, the FCO territories […]
British Lords vote down public BO register for BOTs
(CNS): The House of Lords has rejected a proposal calling for the Cayman Islands and five other British Overseas Territories to implement a public register of beneficial owners behind offshore companies registered in the jurisdictions. The vote took place during a debate on the proposed Sanctions and Anti-Money Laundering Bill, when a public register requirement […]
UK MP repeats call for BOT representation
(CNS): The British Conservative MP for Romford, Andrew Rosindell, who sits on the Foreign Affairs Committee and is a long-time advocate for the interests of British Overseas Territories, has repeated his call for better and equitable representation for those territories. Speaking recently at a dinner for the Friends of the British Overseas Territories (FOTBOT ) […]
McLaughlin spearheads BOT’s aid lobbying efforts
(CNS): With memories of Cayman’s own challenges in the wake of devastating hurricane strikes, Premier Alden McLaughlin is continuing his efforts to support the British Overseas Territories that have been hit hard by hurricanes this season. Having returned from Miami, where he chaired a special meeting of the Caribbean BOT leaders, accompanied by Tara Rivers, […]
Premier backs storm-hit BOTs’ bid for cash
(CNS): Premier Alden McLaughlin will be going to Miami for a pre-meeting of the Overseas Territories Joint Ministerial Council on Saturday, the day after his government delivers is 2018 budget, to show solidarity and help his fellow leaders of Caribbean British Overseas Territories lobby for more cash from the UK. McLaughlin said the meeting is […]
Premier lobbies Tory conference for BOT aid
(CNS): The Cayman Islands delegation, led by Premier Alden McLaughlin, that travelled to Brussels recently to promote Cayman, also went to London and the Conservative Party Conference in Manchester. They were there to engage with British politicians to push the financial services business but also lobbied for more support for the British Overseas Territories hit […]
BOT-UK Brexit talks thin on substance
(CNS): Following a second day of talks in London between an array of British government officials and the leaders of the British Overseas Territories, almost no detail about what is being discussed has been revealed. In a release from his office, Cayman Islands Premier Alden McLaughlin said he had been pleased to see “so many […]
