January 24, 2020

PETITION: Ban single use plastic bags in the Cayman Islands

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Claire Hughes George Town, Cayman Islands Plastic grocery bags in the ocean endanger our marine life and therefore our own health as well. Turtles and other animals can confuse them for jellyfish and eat them with fatal consequences; even if this doesn’t occur with a particular bag, the plastic breaks into small pieces and leaches chemicals […]

Tackling financial crime: Beneficial ownership and the importance of verified information

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By Wayne Panton Cayman Islands Government Office in the United Kingdom From Politics Home Access to accurate, real time information is what makes all the difference in the fight against financial crime, says Cayman Islands’ Financial Services Minister, Wayne Panton. Since a Cornishman named Bodden settled in the Cayman Islands in 1658, we have nurtured closer ties […]

Cayman Islands plans beneficial ownership platform

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By Kirsten Hastings From International Adviser The Cayman Islands will gazette two pieces of legislation before Christmas that will pave the way for the jurisdiction to create a platform where overseas authorities can access information on the beneficial owners of companies and other financial entities. According to Cayman News Service, the publication of the laws […]

Small Cayman Islands businesses to benefit from Commerce partnership

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The Ministry of Commerce has signed a Memorandum of Understanding (MoU) with the Chamber of Commerce and the Cayman Islands Small Business Association (CISBA) to assess the challenges that face small and micro businesses in Cayman, and to produce an action plan within eight months to provide a stronger platform for their viability. The MoU […]

Bill to Replace Cayman Islands’ controversial ‘Secrecy Law’ tabled

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From CaribFlame It was announced in May that the Confidential Relationships (Preservation) Law would be repealed by September 2016. Financial services minister Wayne Panton on Friday said that the current law has fuelled the jurisdiction’s tax haven label, and replacing it would detract unwanted and unfair criticism. Panton refuted claims from international organisations, including the […]

Cayman updates copyright for digital age

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By Mark Dugdale From IP Pro The Internet The Cayman Islands has taken its first steps to modernise its intellectual property laws with the introduction of a new copyright bill that takes effect from 30 June. From 30 June, the Copyright (Cayman Islands) Order 2015 give creators stronger copyright protection, according to the British overseas […]

Cayman Islands’ Premier calls for ‘Truly Global’ standards at Anti-Corruption Summit

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Thursday, 12 May 2016) – At the UK’s Anti-Corruption Summit today, Cayman Islands Premier, the Hon. Alden McLaughlin, called for standards that are ‘truly global’ and inclusive of countries that have significant political clout. ‘In order to be successful, and to seriously tackle corruption and not just pay lip service to it, we in this […]

Cayman Islands mimic Delaware’s limited liability company

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By Kirsten Hastings From International Adviser The Cayman Islands is to introduce a new type of business vehicle in the form of a limited liability company (LLC), inspired by similar legislation in the US state of Delaware. The Limited Liability Company Bill (2015), first introduced in December 2015, passed uncontested through the Cayman Islands’ Legislative […]

New signs that Cayman might dismantle its secrecy law

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From Tax Justice Network Cayman politicians love to pretend that they aren’t living in a tax haven. No, they’re part of a responsible international financial centre. And, as we’ve remarked ad nauseam, they all say that. It’s almost a defining feature of tax havens (or, if you prefer to emphasise one important aspect, secrecy jurisdictions.) […]

Ministry of Home Affairs introduces ford fusion hybrids to police fleet

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The Ministry of Home Affairs is set to introduce hybrid vehicles as a part of its strategic objective to “Make Cayman Better”. It is projected the initiative will not only reduce the burden on the public purse, but also reduce the government’s carbon footprint, thus help to protect the environment. The pilot will introduce two […]