Topic: Anti-Corruption Summit
American ‘hypocrisy’: Why the US is now the focus of transparency efforts
In the debate about offshore centers, one nation has quickly become the center of attention.
Beneficial ownership: Government says US must sign first
The Cayman Islands will not adopt a mechanism for the exchange of beneficial ownership data that is not implemented by the United States.
Cayman hasn’t committed to automatic sharing of ownership data
Contrary to international media reports and a press release from No. 10 Downing Street, the Cayman Islands government did not commit to the automatic exchange of beneficial ownership information prior to the Anti-Corruption Summit in London last week.
Premier wants ‘seat at table’ in talks
Addressing world leaders at the Anti-Corruption Summit in London on Thursday, Premier Alden McLaughlin defended Cayman’s anti-money laundering and tax avoidance regimes and called for a seat at the table in developing a new global standard on sharing information about who owns companies and trusts.
Summit pushes action on discredited Cayman law
The Confidential Relationships (Preservation) Law – which Cayman’s attorney general once referred to as “the bane of our existence since the 1970s” – will be replaced by rewritten legislation as early as this summer.
Cayman joins beneficial ownership initiative
The Cayman Islands will join a new United Kingdom-led initiative on developing a global standard for sharing information on ownership of companies and trusts, the Ministry of Financial Services announced Wednesday.
Mixed reactions to Cayman Islands participation in transparency initiative
The Cayman Islands’ commitment to join an initiative for the development of a global standard to exchange beneficial ownership information has been met with a mixture of understanding and concern about the long-term stability of the financial services industry in Cayman.
Data protection legislation put off until fall
Cayman Islands lawmakers will try for a fourth time to enact data protection legislation – aimed at protecting the privacy of personal information – with an amendment bill scheduled to be brought before parliament in September.
Cayman joins iniative for new ‘global standard’ on company ownership info
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.
Anti-Corruption Summit focuses on beneficial ownership information in wake of Panama Papers
The massive leak of 11.5 million documents from Panamanian law firm Mossack Fonseca has renewed world attention on tax havens, offshore companies and beneficial ownership.
EDITORIAL – Supporting our Cayman delegation in London
“Politics stops at the water’s edge” is the now-famous saying by Arthur Vandenburg, the former Republican chairman of the Senate Foreign Relations Committee, who called for a stop to partisan politics when international relations were concerned.
