Tag: Sanctions and Anti-Money Laundering Bill
Lord Ahmad: We didn’t want this
(CNS): The British government did not want to be in the position it finds itself regarding the recent vote in parliament which has resulted in the imposition of public beneficial ownership registers on the Cayman Islands and other overseas territories, according to Minister of State for the Commonwealth Lord Ahmad. The Conservative peer was in […]
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 […]
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 […]
