Tag: Tara Rivers
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 finance list in 2017 regarding the tax regime here but was […]
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 officials from the Shipping Registry, who will be mixing […]
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 sector here and is currently drafting legislation to […]
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 model. Police said the new commercial standard […]
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 lawmakers about the industry here and its record of compliance as well as […]
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 British Overseas Territories are still recovering from the […]
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, summits and forums regarding tax issues and concerns in Europe that led to Cayman […]
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” and that government’s process for fulfilling its commitments continues to include the participation of the […]
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. Meanwhile, Financial Services Minister […]
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. Bermuda’s government said recently that it wants to become one of the first […]
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 related offences, and the DCR recently began offering a series […]
