Tag: Tara Rivers
New laws to shake up offshore sector
(CNS): Government has unveiled three new bills that will result in fundamental changes to the way some exempted companies do business in the Cayman Islands. Just weeks before the European Union’s deadline for offshore financial centres to address requirements over what it sees as unfair tax pr [...]
CIG’s Euro trip adds up to $150K
(CNS): The extended trip to Europe in September by the premier, financial services minister, the Maritime Authority of the Cayman Islands (MACI) and a number of other government officials cost the public purse more than $150,000, according to documents released by the various relevant government dep [...]
Brexit overshadows first day of JMC
(CNS): The first day of the two-day meeting between the British Overseas Territories Joint Ministerial Council and the UK Government in London was overshadowed Tuesday by the UK’s exit from Europe. Not only was Brexit at the top of the agenda at the BOT meeting but it also kept key British mi [...]
Ministry to experiment with fintech regulation
(CNS): The financial services minister has revealed plans by government to experiment with regulation and compliance for the growing fintech sector, in what she described as “an adaptable, technology-neutral, regulatory sandbox-type framework” that will allow CIMA and stakeholders to wo [...]
Board created to watch over prison standards
(CNS): With the help of experts from the UK, HM Cayman Islands Prison Service has introduced a new Independent Monitoring Board to oversee conditions and treatment of inmates held in custody at Cayman’s various facilities. Tasked with ensuring that prisoners and detainees are treated humanely [...]
EU issue remains ‘fluid’ as deadline approaches
(CNS): Financial Services Minister Tara Rivers described the situation between the Cayman Islands and the European Union over the looming threat of blacklisting at the end of this year as “fluid” following meetings in Brussels last month. The Cayman Islands avoided the latest offshore fi [...]
Premier and minister at luxury boat show
(CNS): Financial Services Minister Tara Rivers, who is responsible for the Maritime Authority of the Cayman Islands, and Premier Alden McLaughlin will both be in the playground of the wealthy this week as they attend the Monaco Yacht Show, which opens tomorrow. The delegation to the event includes [...]
Rivers heads to Brussels to keep Cayman off blacklist
(CNS): Financial Services Minister Tara Rivers is in Brussels this week with the aim of keeping the Cayman Islands from being blacklisted by the European Union at the end of this year over concerns about unfair tax practices. The Cayman government has been engaging with the financial services secto [...]
Cops invest in new drone technology
(CNS): The Royal Cayman Islands Police Service tested new equipment last week during a simulation of a multi-agency rescue operation at the West Bay Public Beach. The RCIPS has been using small unmanned surveillance aircraft (SUSA) for almost a year but they have now purchased a larger capability mo [...]
Rivers seeks support from US senators
(CNS): Financial Services Minister Tara Rivers was in Washington, DC, last week, trying to persuade US Senators and others that Cayman’s financial services industry is well regulated and adhering to tax transparency standards. Picking up from an earlier visit, the minister spoke with American [...]
