Baroness Anelay new Minister for OTs
GRAND CAYMAN, Cayman Islands – The Rt. Hon. Baroness Anelay of St. Johns DBE has been named the new Foreign and Commonwealth Office Minister for the Overseas Territories. Her responsibilities include all FCO business in the Lords; the Commonwealth (as…
Cayman Islands premier congratulates new female UK PM
Statement regarding Theresa May as next UK Prime Minister By Premier Hon. Alden McLaughlin, MBE, JP, MLA 11-7-2016 I, and the people of the Cayman Islands, congratulate Theresa May for her eventual role as Prime Minister of the United Kingdom….
UK supports Cayman Islands’ position on Beneficial Ownership Initiative
Highlighting Cayman’s ‘lead on global transparency as a cooperative jurisdiction’, UK Chancellor of the Exchequer George Osborne has written to the Minister of Financial Services, Wayne Panton, welcoming Cayman’s participation in the discussion for the development and subsequent implementation of…
Anti-Corruption Summit: IFC Forum calls for shareholder data to be effectively verified
The IFC Forum welcomes the Anti-Corruption Summit’s commitment to improving the accuracy of beneficial ownership information available to tax and law enforcement authorities. Data verification is required to effectively combat crime and corruption. For over a decade the British Crown…
The fight against money laundering and tax evasion must be truly international, argues the IFC Forum
The publication of the Panama Papers has raised serious questions about global compliance with international regulatory standards, and it is apparent that some jurisdictions have fallen markedly behind in the global efforts to combat money laundering and tax evasion. By…
Investigation reveals OT’s role in moving suspect money
From Global Witness Undercover investigation of American lawyers reveals role of Overseas Territories in moving suspect money into the United States Ground-breaking exposé by Global Witness broadcast by U.S. tv program 60 Minutes www.globalwitness.org/shadyinc A new investigation from advocacy group…
UK: David Cameron’s ‘broken pledge’ to tackle £30bn tax haven used by Google
BY JASON BEATTIE From Mirror UK David Cameron has broken a pledge to tackle tax havens used by Google David Cameron is accused of breaking his pledge to force tax havens used by companies such as Google to open their…
Cayman Islands participates in constructive discussions at JMC
LONDON – Summing up the recently concluded Joint Ministerial Conference in London, Cayman Islands Government officials said the discussions were constructive, and reaffirmed that Cayman continues to maintain its zero tolerance position on corruption and illicit activity. “Our position on…
Despite real progress, UK secrecy jurisdictions are still helping criminals the world over, warns new report
David Cameron has vowed to lead the global fight against corruption. But, a new assessment released today warns that the UK cannot credibly claim that it has made significant improvements with regard to financial secrecy when jurisdictions it has control…
Isle of Man ranked number three in the world as a centre for commercial satellite filing
By James Qualtrough From Isle of Man News According to independent research just released, the Isle of Man now ranks as the third biggest player in the world, behind only the UK and the USA, as the jurisdiction of choice…
