Cayman News

  • Cayman changes perception of offshore centres

    May 18, 2016
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    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 —...

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  • US must sign beneficial ownership deal first, says Caymans

    May 18, 2016
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    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 .

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  • Beneficial ownership: Government says US must sign first

    May 17, 2016
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    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.”

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  • Taking the message to the masses: Cayman goes on PR offense in London

    May 17, 2016
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    Cayman 27’s top story for Tuesday, May 17th: changing the narrative on secrecy and beneficial ownership information. Cayman went on the offensive at last week’s Anti-Corruption Summit in London, pointing out the disparity in what is expected of global powers like the US and small island nations like our own. The message: a global standard is doomed for failure unless...

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  • Cayman joins iniative for new ‘global standard’ on company ownership info

    May 13, 2016
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    The Cayman Islands will join the United Kingdom’s effort to develop a new global standard for sharing information on the owners of companies and trusts, likely to include automatic exchange of ownership information, according to the Ministry of Financial Services.

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