comments feedBy Colin MacKay The 2007/8 global financial crisis continues to influence the environment within which the Cayman investment funds industry operates. Global economic patterns, largely driven by factors emerging from that crisis, continue to shape cross-border political and regulatory developments. These, in turn, impact the investment management, banking, prime brokerage, administration, accounting and legal communities, […]
Should company benefactors be public knowledge?
January 20, 2014 by Leave a Comment
By Richard Addlestone, Solomon Harris In response to the push towards greater global transparency on beneficial ownership, the UK has proposed a public register of ownership interests in companies, which could be searched by anyone, anywhere in the world. It hopes the other G8 members will copy its model, but has left it to the […]
HMRC issues letters to Cayman Islands evaders
January 20, 2014 by Leave a Comment
By Calum Fuller From Accountancy Age HM REVENUE & CUSTOMS has issued letters to individuals it believes hold bank accounts in the Cayman Islands, in order to encourage them to come forward and disclose any previously undeclared income and capital gains. The letters come on the back of automatic tax information exchange agreements between the […]
UK Environment committee says Cayman has serious environmental risks
January 19, 2014 by Leave a Comment
The following is taken from a report just published entitled “Sustainability in the UK Overseas Territories – Environmental Audit Committee” under the subtitle “Re Cayman Islands” Annex 1 Visit to Cayman Islands On 17 April 2013, the Committee resolved to send two Members as Rapporteurs to examine how sustainable development is practised in the Cayman […]
The Editor Speaks: Forget the Florida Lottery – the UK Lottery might be easier
January 19, 2014 by Leave a Comment
How many Cayman residents play the Florida Lottery? No one knows the actual figures, as it is illegal for Cayman’s residents to return here with lottery tickets. It’s a form of gambling and gambling is a crime here. So no one is going to shout out to strangers, “Hey, I play the Florida Lottery!” I […]
Delegation to attend Education World Forum
January 19, 2014 by Leave a Comment
Education Minister Hon. Tara Rivers has been invited by the FCO through the Governor’s Office to attend the Education World Forum in London, England from 20th-22nd January. Accompanying the Minister at the forum will be Councillor for Education Winston Connolly and Chief Officer for Education Mary Rodrigues. Deputy Chief Officer Dr. Tasha Ebanks-Garcia is also […]
‘We were persecuted and made to fear we would lose everything’:
January 16, 2014 by Leave a Comment
The tiny cafe the taxman said owed £500,000 By Ruth Lythe From This Is Money UK Grandmother of 11 Icilda Newell ran her tiny Caribbean cafe in North London for love. There was just enough room for a small counter, a cooking area and a few tables and chairs. But she had a stream of […]
UK failing to protect wildlife treasures in overseas territories, report warns
January 16, 2014 by Leave a Comment
By Damian Carrington From The Guardian, MPs say the government must take responsibility for protecting the unique species and habitats of its isolated island territories The string of isolated island territories making up the last vestiges of the British empire host a treasure trove of exotic species but are inadequately protected by the UK government, […]
Government releases cost of JMC trip
January 15, 2014 by Leave a Comment
GRAND CAYMAN, Cayman Islands – Government spent about $19,000 to send five representatives to the Overseas Joint Ministerial Council (JMC) in London in November. The Premier Hon. Alden McLaughlin was joined by Financial Services Minister Hon. Wayne Panton, Cabinet Secretary Samuel Rose, Joint Ministerial Council “Sherpa” Ms Jennifer Ahearn and Home Affairs Chief Office Eric […]
Independent Exclusive: Scotland Yard’s rotten core: Police failed to address Met’s ‘endemic corruption’
January 13, 2014 by Leave a Comment
By Tom Harper Independent UK Organised crime infiltrated police ‘at will’, according to secret report. Top-level internal inquiry identified scores of corrupt individuals working for Met. Organised criminals were able to infiltrate Scotland Yard “at will” by bribing corrupt officers, according to an explosive report leaked to The Independent. The Metropolitan Police file, written in […]
