November 20, 2019

Cayman Finance announces support for Cayman Islands Government decision to introduce a Public Register of Beneficial Ownership

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GEORGE TOWN, Cayman Islands–(BUSINESS WIRE)–#Cayman–Cayman Finance issued the following statement in support of an announcement by the Cayman Islands Government that it intends to introduce a public register of beneficial ownership, in line with evolving standards and international obligations such as those reflected in the principles of EU 5th Anti Money Laundering Directive: “Cayman Finance, the […]

Commitment by the Cayman Islands on the implementation of Public Registers of Beneficial Ownership of Companies

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1.       The Cayman Islands has a long history of upholding international standards and working cooperatively with tax and law enforcement authorities in other jurisdictions.  We have often acted at the forefront of initiatives to enhance tax cooperation and transparency and have worked assiduously to combat money laundering and counter the financing of terrorism.  Independent assessments by […]

Cayman Kind—Pt II

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From Virgin Islands News August 26th, 2018 Thomas C. Famous. Photo: VINO/File Premier Alden M. McLaughlin, spoke proudly about what he calls “The Cayman Miracle.” Photo: Provided Cayman Islands Employment Chart. Photo: Provided Thomas C. Famous Day Two of the 43rd Annual Commonwealth Parliamentary Association (CPA), Caribbean Americas Atlantic Region conference, held in Grand Cayman […]

Cayman Islands delegation travels to Joint Ministerial Council meeting

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GRAND CAYMAN, Cayman Islands – Premier Hon. Alden McLaughlin along with Hon. Tara Rivers, Minister for Financial Services & Home Affairs will leave the Cayman Islands on Friday to travel to London to attend the annual Overseas Territories Joint Ministerial Council (JMC). The JMC brings together political leaders from the Overseas Territories and UK Ministers. […]

Kenneth Rijock: Proposed Cayman Islands register of beneficial owners has no teeth

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By Kenneth Rijock From Caribbean News Now The proposed Cayman Islands Register of Beneficial Ownership of Corporate Information, which is reportedly slated to become effective in June 2017, and which was created in the face of global demand for corporate ownership transparency, falls far short of its goals. First of all, outside of United Kingdom […]

Cayman Islands joins Beneficial Ownership initiative

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(Wednesday, 11 May 2016) – The Cayman Islands has confirmed to the UK that it will join the initiative for the development of a global standard for the sharing of beneficial ownership information. Furthermore, Cayman has informed HM Treasury that, in order to foster greater collaboration between law enforcement and tax authorities in the fight […]

Cayman Finance welcomes positive discussions on Beneficial Ownership with the UK

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Cayman Finance is pleased to learn from the Cayman Islands Government that further positive discussions on Cayman’s beneficial ownership regime took place on 23 February 2016 between representatives from the UK’s Foreign and Commonwealth Office (FCO) and National Crime Agency (NCA) and the Cayman Islands Government. Mr Jude Scott, Cayman Finance CEO, said it was […]