Minister of Financial Services André Ebanks has been leading a Cayman Islands delegation to the UK and the European Union to continue discussions this week on global tax cooperation and anti-money laundering.
Ebanks, along with the ministry’s Parliamentary Secretary Katherine Ebanks-Wilks, and Cayman Islands Representatives Deborah Bodden and Gene DaCosta, will be speaking with elected leaders, high-ranking civil servants, and industry members during their visit, which ends on 20 May.
“We’re continuing face-to-face discussions because it builds understanding, and keeps communication open and transparent,” Ebanks said.
“However, in addition to these visits, the Ministry’s senior policy staff keep in contact with stakeholders as much as possible via email, telephone calls and video meetings. This lays the groundwork for more productive discussions when we do have in-person dialogue.”
He said these meetings offer both stakeholders and the Cayman Islands government an opportunity to discuss matters of mutual interest, such as environmental, social, and governance (ESG); and to identify areas for further clarification and updates.
Following the UK/EU engagement, Ebanks and the delegation will join representatives of the Civil Aviation Authority of the Cayman Islands (CAACI) for the European Business Aviation Convention & Exhibition (EBACE), from 23-25 May in Switzerland.
“Attending EBACE will give the Ministry team insights for potential regulatory developments in aviation and give CAACI support for their business development initiatives,” Ebanks said.
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