June 25, 2018

Economist defends activity of offshore finance centres

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From Jersey Evening Post The Island’s financial industry is arguably more transparent than those in the UK and the US and offshore centres like Jersey help to boost international investment, a report published by an accomplished economist has claimed. Diego Zuluaga, a policy analyst at the Cato Institute, based in Washington DC, has published a […]

Cayman Islands: Premier and Financial Service Minister’s Meeting with Lord Ahmad of Wimbledon

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LONDON, England – Premier Hon. Alden McLaughlin and a delegation including Financial Service Minister Hon. Tara Rivers spent the afternoon yesterday, in bilateral talks with Lord Tariq Ahmad of Wimbledon, Minister of State for the Commonwealth and the UN at the Foreign and Commonwealth Office. “We talked about the way forward with Constitutional talks in […]

2018 Hurricane Message from Cayman Islands’ Premier

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2018 Hurricane Message By Premier Hon. Alden McLaughlin, MBE, JP, MLA Hurricane Season is upon us once again and it is my prayer that we keep in mind the many lessons we have learned over the years as major storms wreaked havoc in our sister British Overseas Territories last year and our own Islands in […]

Prime Minister Theresa May and Lord Ahmad speak to OT leaders on public registers

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From DISCOVERMNI On Thursday, “the Prime Minister and Lord Ahmad, Minister for the Overseas Territories, held a conference call with leaders of the Overseas Territories with financial centres to discuss company ownership transparency and, in particular, the issue of public registers of beneficial ownership,” a Downing Street spokesperson said. “The Prime Minister spoke about the […]

The Editor Speaks: Constitutional changes instigates unified fighting talk

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Full marks to Cayman’s Premier Alden McLaughlin for going ahead with dialogue with UK’s Prime Minister, Teresa May, to clarify and amend parts of the Cayman Islands Constitution. Speaking at a Press Conference, yesterday (23), McLaughlin said this was to stop the UK parliament imposing its will and legislating on the Cayman Islands domestic issues […]

Royal Gazette: Letter to the Editor – “What a mess”

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Unbeneficial: what a mess the British have made of this From The Royal Gazette Dear Sir, On May 9, the London Evening Standard  published a Letter to the Editor entitled “The UK is bullying its overseas territories and trust is being lost” by Paul Byles of the Cayman Islands Chamber of Commerce. And most surprisingly […]

Overseas territories react to UK legislation requiring public disclosure of beneficial ownership

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From Caribbean News Now PROVIDENCIALES, TCI — Following Tuesday’s decision by Britain’s House of Commons to force the Overseas Territories (OTs) to adopt public registers of beneficial ownership of companies, regional governments have responded vigorously to the development, with some calling for a different, more empowering relationship with the UK. The Sanctions and Anti-Money Laundering […]

The Editor Speaks: Colonialism

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Wikipedia’s definition of “Colonialism’ is: “the policy of a polity seeking to extend or retain its authority over other people or territories, generally with the aim of developing or exploiting them to the benefit of the colonizing country and of helping the colonies modernize in terms defined by the colonizers, especially in economics, religion and […]

The Cayman Islands Government reacts to the Sanctions and Anti Money Laundering Bill/ Chamber registers disappointment

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From The Office of the Cayman Islands Premier “The Cayman Islands Government is deeply aggrieved by the acceptance of the UK Government today of an amendment to the Sanctions and Anti Money Laundering Bill in the House of Commons.” The Premier was referring to the Sanctions and Anti-Money Laundering Bill amendment that was accepted by […]

Anthony Travers: The EU and the ‘new 21st century colonialism’

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By: Anthony Travers, OBE, Travers Thorp Alberga |From International Investment Responding to public and media pressure brought on by the so-called Panama and Paradise papers exposés, the European Union has been compiling, tweaking and talking for months about its “blacklist” of “non-compliant” jurisdictions. On 5 December, it published a working list of some 17 jurisdictions, […]