Cayman News

  • Cayman banks must adapt to survive de-risking

    May 20, 2016
    0

    The banking sector in Cayman will have to accept new ways of working, including sharing costs and services, in order to survive in the current climate of de-risking, according to US industry consultants that visited the jurisdiction recently. “There has been a paradigm shift in international banking and payments,” said Kobi Dorenbush, former chief executive of Caledonian. “This is...

    Read more
  • Gov’t under no pressure to change “Secrecy Law”

    May 19, 2016
    0

    Financial Services Minister Hon Wayne Panton says it was a policy decision by Government to move up the repeal of Confidential Relationships Preservation Law and replace it with the Confidential Information Disclosure Law.

    Read more
  • Cayman changes perception of offshore centres

    May 18, 2016
    0

    The narrative that the Cayman Islands and other offshore jurisdictions are to blame for the world’s corruption, financial crime and tax evasion is finally changing, Premier Alden McLaughlin and Financial Services Minister Wayne Panton believe. Having openly agreed to sign up to any new mechanisms for exchange of information on beneficial ownership at the UK’s recent anti-corruption summit —...

    Read more
  • US must sign beneficial ownership deal first, says Caymans

    May 18, 2016
    0

    The Cayman Islands will not adopt a mechanism for the exchange of beneficial ownership information that is not agreed by the US, Cayman Islands’ premier Alden McLaughlin .

    Read more
  • Beneficial ownership: Government says US must sign first

    May 17, 2016
    0

    The Cayman Islands will not adopt a mechanism for the exchange of beneficial ownership data that is not implemented by the United States.

    Speaking at a press conference on Tuesday, Premier Alden McLaughlin called for a level playing field in terms of financial transparency and stated that a standard without U.S. participation “is not a global standard.”

    Read more
Support Terms of Use Privacy Policy