Tag: House of Lords
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 […]
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 […]
MP pushes issue of BOT representation in London
(CNS): The Conservative MP for Romford, Andrew Rosindell, has repeated his call for the British Overseas Territories to be represented in the House of Commons. Speaking at the annual reception of the Friends of the British Overseas Territories (FOTBOT) in London last week, he said that devolution to Scotland, Wales and Northern Ireland made the lack of […]
UK ethics lord resigns over drug-prostitute scandal
(CNS): A British peer who oversees ethics and standards for members of the UK’s House of Lords has resigned from the committee after he was caught on camera allegedly taking cocaine with two prostitutes. In a scandal that is now in the hands of Scotland Yard, Baron Sewel of Gilcomstoun, the deputy speaker of the […]
Alden to talk to British lords about Cayman
(CNS): The Cayman Islands premier is the latest regional leader to be invited to talk to the British peerage as well as business leader and members of the UK government at the Caribbean Council’s Annual Reception at the House of Lords in London. Alden McLaughlin said this was an “amazing opportunity” to promote Cayman on […]
