Tag: Tara Rivers
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 […]
New alert system poised to go live
(CNS): Government is still working on phase 1 of a new radio alert system that will interrupt public radio transmissions in the event of a sudden disaster. Having learned lessons about the failure to communicate with the public en masse in the face of the Sol fire at Jackson Point in 2017 and the tsunami […]
Cayman hosts IP training with US crime fighters
(CNS): The Cayman Islands Intellectual Property Office partnered with the United States government’s law enforcement agencies to host regional training here last week. Officials said the strength of Cayman’s intellectual property regime encouraged the US to stage the training here. IP falls under the financial services ministry, which worked with America’s Homeland Security Investigations division […]
OECD says Cayman tax regime not harmful
(CNS): As Financial Services Minister Tara Rivers prepared to steer another dozen pieces of legislation relating to the offshore sector through the Legislative Assembly today (Wednesday), a new assessment by the Organisation for Economic Co-operation and Development (OECD) found that this jurisdiction and 11 others with low or no tax regimes are not harmful to […]
Minister lobbies US officials
(CNS): Financial Services Minister Tara Rivers continued her efforts to “dispel harmful myths about the Cayman Islands” last week with another trip to Washington DC. Rivers met with Justin Muzinich, the deputy secretary of the US Treasury, as well as US senators, members of Congress, senior Congressional staff, and other federal agency officials to lobby […]
More laws coming to address CFATF criticisms
(CNS): Government is bringing another batch of laws relating to the offshore sector when the Legislative Assembly meets later this month. Most of the bills are designed to enhance the existing anti-money laundering and counter financing of terrorism (AML/CFT) regime and to meet the criticisms contained in the latest report by the Caribbean Financial Action […]
Major risks found in Cayman’s finance sector
(CNS): The Cayman Islands Government is faced with a long ‘to do’ list to address “major deficiencies” inhibiting the jurisdiction’s “ability to analyse and understand its risks”, according to a new report. Well aware that the latest peer review on how Cayman combats money laundering and terrorist financing was likely to be damning, the premier […]
Rivers says Barkers proposal ‘not acceptable’
(CNS): The representative for West Bay South, Tara Rivers, has said that an application by Handel Whittaker for a coastal works licence in relation to a controversial proposed development in the Barkers area is “not acceptable”. In contrast to comments made on Monday by her Cabinet colleague, Tourism Minister Moses Kirkconnell, who predicted a successful […]
Prison rehab pilot project expanding
(CNS): A third prisoner from HMP Northward who is coming to the end of his sentence has joined the Department of Environmental Health’s garbage collection team as part of a joint project of the DEH and HM Cayman Islands Prison Service to place inmates in jobs. Last year the two agencies signed a memorandum of understanding […]
New public safety radio system goes live
(CNS): The new upgraded national Public Safety Radio Communications System became fully operational across all three Cayman Islands when officials flipped the final switch at the West Bay bunker on Wednesday. The upgrade, which began last year, from the old 800 Megahertz radio to the new, modern Motorola P25 system has integrated all public safety radio users […]
Cayman fighting tax evasion, Rivers tells New Yorkers
(CNS): Financial Services Minister Tara Rivers told an audience in New York this week that the Cayman Islands had been doing good work in the fight against tax evasion, money laundering and countering terrorist financing, as she delivered an address at the 6th Annual Cayman Finance New York Breakfast Briefing at the Harvard Club. The Cayman delegation had opted […]
