Topic: beneficial ownership registry
Premier right to reject suggestions to make beneficial ownership registers public
The Premier, the Hon. André Ebanks, is right in principle, and legally, to reject further suggestions that beneficial ownership registers in the Cayman Islands be available to the public at large.
Premier stands firm on beneficial ownership
Premier André Ebanks pushed back on UK pressure on beneficial ownership during his 5 Feb appearance on Compass TV’s Forefront show.
The credibility of Cayman’s approach to a beneficial ownership registry
A Cayman Compass editorial argues that the Cayman Islands approach to a beneficial ownership registry has credibility.
UK minister, governor and PPM weigh in on beneficial ownership debate
Fresh comments from key Caymanian and UK political figures laid bare the ongoing struggle over access to Cayman’s beneficial ownership register.
Premier meets with UK minister amid beneficial ownership pressure
Premier Juliana O'Connor-Connolly met with UK Minister David Rutley in London as pressure mounts for Britain to have its Overseas Territories implement a public beneficial ownership registry.
UK government: Public registers do not breach privacy rights
The UK government has concluded that its new register of overseas entities and the register of persons with significant control are both compliant with the European Convention on Human Rights.
European Court: Public beneficial ownership registers infringe fundamental rights
In a landmark decision, the Court of Justice of the European Union has ruled that provisions in the EU’s Anti-Money Laundering Directive that allow the general public access to beneficial ownership registries are “invalid”.
Walkers Corporate sues ministry in beneficial ownership info dispute
Corporate services firm Walkers Corporate Ltd has filed a suit against the Minister of Financial Services and the Registrar of Companies over request letters sent by the ministry to the company and its clients claiming outdated or incomplete beneficial ownership data.
US bans anonymous shell companies
The US has taken steps with the Corporate Transparency Act to eliminate the potential use of anonymous shell companies for money laundering and tax evasion.
UK releases draft order for OT beneficial ownership registries
Following the commitment by all UK Overseas Territories to make the ownership of companies in their jurisdictions more transparent, the British government has released a draft Order in Council setting out how it expects the territories to implement publicly accessible registers of beneficial ownership.
Orders in Council coming for beneficial ownership registries
The United Kingdom government has said it will issue Orders in Council at the end of the year for all British Overseas Territories to...
EDITORIAL – Public registers: A brief respite in an ongoing war
This week brought a welcome respite from some British lawmakers’ unrelenting attack on Cayman and other offshore financial centers. But make no mistake, this is only a lull in the storm.
Britain’s bond with Cayman: Governor seeks to restore ‘trust and confidence’
Amid turbulent times for the relationship between the Cayman Islands and the U.K., Governor Martyn Roper sees himself as “the bridge” between the two countries.
A look back at the year that was
The year 2018 was an eventful one for the Cayman Islands.
Beneficial ownership: Privacy rights most likely counter to UK order in council
Challenging the section of the U.K. Sanctions and Anti-Money Laundering Act that threatens to establish public beneficial ownership registers in the overseas territories – if necessary through an order in council – would face major obstacles, according to Sir Jeffrey Jowell, QC, the lawyer who is working with the Cayman Islands government on its response to the action.
EDITORIAL – Needed: A report from our woman in Brussels
The reality is that international investing and commerce, which constitute the vast majority of what takes place in the financial sector in these islands, do not require a huge physical presence.
Conflict between UK, Cayman over financial investigations
The National Crime Agency, the U.K.’s equivalent of the FBI, has claimed it is not getting the information it needs from the Cayman Islands in its anti-money laundering and criminal investigations.
EDITORIAL – To UK lawmakers: Come back soon – and often!
Like Lord Tariq Ahmad, a steady ally who most recently visited in June to discuss public registries and hurricane preparedness, these four elected members appeared eager to understand the U.K.’s relationships – and its responsibilities – to its territories.
Territorial liberty
Today's editorial cartoon
EDITORIAL – Britain and Brussels: The double threat to Cayman’s economy
During these perilous times, we urge Cayman’s leaders to be uncharacteristically open and communicative with the people of these islands. The offshore financial sector provides over half of the entire government budget, and any threat to that industry threatens us all.
