Tag: Tara Rivers
Regional BOTs ready for hurricane season after London talks
(CNS): The politics of the UK imposing beneficial ownership registers on the territories and the constitutional fallout has been dominating Premier Alden McLaughlin’s visit to the UK this week but the matter of hurricane preparedness has also been high on the agenda. Given that some of the Bri [...]
Rivers battles with definition of ‘economic substance’
(CNS): Financial Services Minister Tara Rivers has said there are still questions regarding the expectations of the European Union on the definition of “sufficient economic substance”, which is the key to Cayman’s future cooperation. Rivers is currently in Europe attending meetings [...]
Rivers talked with financial sector ahead of EU trip
(CNS): Ahead of her trip to Brussels this week, Financial Services Minister Tara Rivers and her technical officials engaged with the local industry about Cayman’s commitments in relation to the EU’s assessment of jurisdictions’ tax regimes. Rivers said “developments remain fluid” [...]
Premier secures meeting with UK PM
(CNS): Premier Alden McLaughlin has confirmed that he was able to secure a meeting with Prime Minister Theresa May during his trip to London this week and will be discussing the public registers issue and relations between the Cayman Islands and the UK when he returns to the islands next week. Meanw [...]
Cayman’s offshore rivals target crypto market
(CNS): As the global cryptocurrency sector heats up, job creating international investment is seeking out suitable jurisdictions and Cayman Islands’ offshore rivals are looking to steal a march on this growth by introducing crypto-friendly laws and legislation, with Bermuda in pole position. B [...]
New rehab project introduced for jailed women
(CNS): The Department of Community Rehabilitation (DCR) has established a Female Empowerment Services Project to help incarcerated women take a different path when they are released from jail. Around a dozen women are currently serving time in Fairbanks for a variety of crimes, from murder to drug [...]
Premier calls UK move on BOTs ‘colonial despotism’
(CNS): Premier Alden McLaughlin has said that the Cayman Islands Government is considering a legal challenge to the news today that the British parliament has voted to force its overseas territories to introduce public registers showing the beneficial owners of the companies domiciled there. “ [...]
MPs push UK government on transparency in BOTs
(CNS): A cross-party group of the UK Parliament members led by a Conservative MP believe they are on track to defeat the government in a debate next month about transparency in the offshore global industry. Backbench Tory MP Andrew Mitchell believes the cross-party alliance will defeat Theresa May&# [...]
Rivers calls for greater effort on perception problem
(CNS): The financial services minister has called on the sector to work with government to do more to address the perception problem that surrounds the industry overseas. Tara Rivers said that historically not enough was done to correct myths and misconceptions which have been allowed to fester beca [...]
Testing continues for new emergency radio comms
(CNS): Government is moving ahead with plans to install a “cutting edge” communication system for the emergency services. With new equipment for the project due to arrive on island within the week, the next phase of testing has been underway after a team of Motorola Solutions Systems En [...]
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