Tag: Tara Rivers
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 […]
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 […]
