December 12, 2019

Cayman: Registrar speaks to NPOs on AML/CFT Risks

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The Registrar for NPOs (non-profit organisations) addressed dozens of charitable organisations on their money laundering, terrorist financing, targeted financial sanctions and proliferation financing risks at an information session on Thursday, 5 September at the Government Administration Building. Last Thursday’s meeting also featured presentations from other Government agencies, namely the Anti-Money Laundering Steering Group, the Financial […]

Cayman: US Government coordinates IP training through CIIPO

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The Cayman Islands Intellectual Property Office (CIIPO) worked with United States Government enforcement agencies to stage regional intellectual property (IP) training in the Cayman Islands. CIIPO, which falls under the remit of the Ministry of Financial Services, coordinated the enforcement training through the Homeland Security Investigations division. The sessions, which took place 23-26 July on […]

Cayman: Minister Rivers discusses tax and regulation with US lawmakers

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Financial Services Minister Tara Rivers visited the US Capitol in Washington, DC last week, where she described the Cayman Islands’ financial services industry and emphasised Cayman’s leadership role in combatting money laundering and ensuring tax transparency in meetings with Justin Muzinich, the Deputy Secretary of the United States Treasury, US Senators, Members of Congress, senior […]

Section 80 Regime offers reduced fees for Cayman Islands Charities

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Government has passed an amendment that reduces the administrative burden on charitable entities that operate as Section 80 companies. On Friday, 1 March 2019 The Companies (Amendment) Law, 2018, will take effect. The amendment, passed in the Legislative Assembly last November, will reduce the application fee from CI$1,000 to $300 for an entity applying to […]

Cayman Islands publishes Bills to further strengthen standards

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In response to global developments in financial services, the Cayman Islands Government today published three bills that further strengthen our compliance with international standards. The bills are The Companies (Amendment) (No. 2) Bill, 2018; The Local Companies (Control) (Amendment) Bill, 2018; and The International Tax Co-Operation (Economic Substance) Bill, 2018. They were produced following the […]

LA Statement by Cayman Islands Minister on Financial Services introducing a digital assets framework

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Legislative Assembly Statement Minister of Financial Services, the Hon. Tara Rivers, JP, MLA Update on Financial Services – Introducing A Digital Assets Framework Second Meeting of the Legislative Assembly 2018/2019, 14 November 2018 Mister Speaker, I rise to make a statement about efforts which are being made by the Government, specifically through the work of […]

Cayman Islands Premier, OTs to examine constitutional relationship with UK

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GRAND CAYMAN, Cayman Islands – Premier Hon. Alden McLaughlin travels with a delegation which includes Financial Services and Home Affairs Minister Hon. Tara Rivers to London to participate in a number of key meetings next week. The delegation left Friday 8th June. On Monday the Premier and Minister Rivers along with other members of the […]

Cayman Islands Minister Rivers, US Officials Talk about Tax Transparency

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Cayman’s global leadership in tax transparency was the focal topic during recent meetings between the Minister of Financial Services, the Hon. Tara Rivers; and high-ranking US lawmakers and regulators. The Cayman Islands is at the forefront of tax transparency in order to ensure that our jurisdiction is not used to facilitate tax evasion. Minister Rivers, […]

Cayman Islands Minister Rivers visits departments

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The Minister of Home Affairs, Hon. Tara Rivers, recently began meeting with the management and staff of the Ministry’s departments to review first year achievements and discuss strategic priorities going forward. “I first met with senior management in all Departments shortly after taking up my role as Minister for Financial Services and Home Affairs last […]

Cayman Islands Minister Rivers continues EU engagement, discusses tax matters in Brussels

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Minister for Financial Services, the Hon. Tara Rivers, will be in Brussels for the week of 20 May, during which she will have meetings with EU officials, and speak on two panels that include OECD and EU participants. This will be Minister Rivers’ third trip to Brussels since taking up office in June 2017. Minister Rivers […]