Tag: Tara Rivers
Offshore laws glide through LA
(CNS): Financial Services Minister Tara Rivers has steered another batch of legislation through the parliament with the backing of the opposition as well as the government benches. The changes regarding private funds clarified the rules and are expected to help Cayman get off the EU blacklist. Speaking in the Legislative Assembly, Rivers said government had […]
EU blacklist a ‘major worry’
(CNS): With the COVID-19 pandemic decimating the tourism sector in the Cayman Islands for at least the rest of this year and probably well beyond, financial services will be the main driver for any economic recovery as the country emerges from lockdown. But Premier Alden McLaughlin said that Cayman must be removed from the European […]
Laws coming to support virtual assets
(CNS): The resilience of the offshore sector will be critical to the Cayman Islands in the post COVID-19 economic recovery and new legislation is expected to help boost the industry in the coming months. Five new bills were gazetted last week that will provide a legal framework to promote the use of new technology and […]
Rivers hedges on support for Eden’s motion
(CNS): Following a backlash from her constituents and the community, Minister Tara Rivers has used social media to claim that her support for a private member’s motion brought by Anthony Eden calling for government to reaffirm the right to freedom of expression to protect pastors from allegations of hate speech was confined to the motion’s […]
Minister steers through bundle of offshore laws
(CNS): As the Cayman authorities rush to meet the recommendations in last year’s damning CFATF review to plug gaps, address shortcomings and deal with vulnerabilities in the local protections against financial crime, Minister Tara Rivers steered through another bundles of laws last week. This latest batch of legislation focused on modernising the beneficial ownership regime […]
14 shocks follow 7.7 quake
(CNS): At least 14 after shocks were recorded in the wake of Tuesday’s 7.7 magnitude earthquake, which rocked Cayman, Cuba and Jamaica, and there could still be more to come, officials from Hazard Management Cayman Islands (HMCI) have stated. Government leaders commended all of the first responders as well as HMCI after the quake for […]
More laws coming to tighten offshore regime
(CNS): Financial Services Minister Tara Rivers is presenting another bundle of draft legislation to her colleagues in the Legislative Assembly to debate when it meets at the end of this month to help the jurisdiction meet the findings of last year’s FATF review. The draft bills deal with changes to the oversight of open-ended and […]
AT&T agrees to stop TV ad shaming Cayman
(CNS): Financial Services Minister Tara Rivers has scored her first win in the campaign she announced late last year to go after Hollywood for misusing and abusing the image of the Cayman Islands in books films, TV shows, videos and commercials. As part of the AT&T’s phone service campaign, ‘Just OK is not OK’, one […]
NENS rollout to continue in New Year
(CNS): Government has invested heavily over the last year in improving how it communicates national emergencies, with Phase 2 of the new National Emergency Notification System (NENS) expected to be finished by the middle of next year. This includes broadening the number of channels available to disseminate emergency messages in order to reach the maximum […]
Tara to take fight to Hollywood
(CNS): The financial services minister and her team will be turning their attention to one of the most persistent sectors peddling what she said was misinformation about Cayman by engaging the US film industry. Taking the fight to Hollywood, Tara Rivers said she planned on meeting movie makers, script writers and others in the business […]
Minister talks regulation with offshore sector
(CNS): Financial Services Minister Tara Rivers told hundreds of representatives from the offshore sector recently that government was doing all it could to deal with the new demands in financial standards. Providing a review of efforts to keep pace with new standards in tax transparency, anti-money laundering and counter-terrorism financing, and prudential regulation, she told […]
