In a keynote speech at a conference at Blackstone Chambers, a set of barristers chambers that specializes in commercial and public law and financial services, Premier Alden McLaughlin described in detail how the economic development of the Cayman Islands “is rooted in constitutional foundations.”
In the speech, he briefly addressed beneficial ownership, noting that Cayman had passed legislative amendments outlining definitions of beneficial ownership and enabling the creation of a searchable corporate ownership registry for access by law enforcement and tax authorities.
The premier is in London to meet with leaders of law firms, financial institutions, government departments and U.K. Members of Parliament.
Mr. McLaughlin’s six day trip comes amid a packed Legislative Assembly session, with about 20 pieces of legislation on the table. Its timing was criticized by Opposition leader McKeeva Bush.
The Assembly will recommence Wednesday morning.