Tag: Tara Rivers
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. “The actions of the House of Commons in seeking to legislate for […]
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’s government in a Commons vote next week […]
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 because of those failings. Speaking at a Chamber […]
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 Engineers visited Cayman to inspect all the existing and […]
Rivers debates Cayman’s role in Fintech Futures
(CNS): As the GREAT Festival of Innovation in Hong Kong officially opened Wednesday, Financial Services Minister Tara Rivers took part in a panel discussion on ‘Fintech Futures’ and discussed Cayman’s role in the changing technology, which she said was disrupting the financial services industry. Rivers is part of the significant Cayman Islands delegation at the UK […]
CIG gets to work courting Chinese business
(CNS): The Cayman Islands delegation to Great Festival of Innovation in Hong Kong, led by Premier Alden McLaughlin, has already started courting business since arriving in the strategic autonomous Chinese city Monday night. Financial Services Minister Tara Rivers, Chief Officer Dax Basdeo and Cayman Finance CEO Jude Scott began on Tuesday with a round-table discussion, chaired […]
Hazard officials believe exercise will improve responses
(CNS): Government officials believe their response to any future tsunami warning will improve as a result of the Cayman Islands’ participation last week in a Caribbean-wide exercise. “The purpose of the exercise was to evaluate local tsunami response plans, increase tsunami preparedness, and improve coordination, especially of government’s internal communications protocols for rapid onset events,” […]
CIG discusses EU concerns with financial sector
(CNS): Financial Services Minister Tara Rivers and Premier Alden McLaughlin have met with members of the Cayman Islands’ financial services industry associations to discuss the commitments government made to the European Union to keep it off of the latest blacklist, though no details have been revealed to the public. In a press release Friday, officials […]
RCIPS to start beat cop patrols
(CNS): Senior police officers have said that over the next few weeks the RCIPS will be rolling out its community policing programme, which means the public will begin to see police on the beat on foot in their neighbourhoods. Speaking at a recent public meeting in West Bay, Police Superintendent Robert Graham, who is heading up […]
Cayman among jurisdictions on EU ‘grey-list’
(CNS): The Cayman Islands has dodged the European Union Council’s black-list of 17 uncooperative nations after the much-anticipated tax list was published Tuesday. However, this jurisdiction and more than 40 other countries are on a ‘grey-list’ of countries that have agreed to take steps toward “abolishing harmful tax practices”. Cayman, Bermuda, Guernsey, Isle of Man, […]
BOTs pushed to do more on tax transparency
(CNS): Prime Minister Theresa May welcomed the leaders of the British Overseas Territories to Downing Street Monday, after they arrived in London for the annual Joint Ministerial Council meeting this week. While the PM had good news for some territories, as her government has confirmed a new £70 million package of recovery and reconstruction support for […]
