Premier Hon. Alden McLaughlin says there is no need for him to make the trip to the UK to address why Cayman ended up on a list of high -risk countries. The Financial Conduct Authority (FCA) pulled its list last week, after an outcry from the Cayman Islands government.
Lobby group Cayman Finance says it welcomes the move to pull the list, saying it was not only critical of why Cayman was named, but that the FCA did not publish or explain its methodology that led to the listing.
Premier McLaughlin says now the FCA has promised not to re-publish the list, he doesn’t need to send a delegation to London anymore.