Topic: transparency
Opinion: Ideas for making governance by Cayman’s boards and committees more transparent
Compass columnist Simon Cawdery suggests ways to make governance by Cayman's boards and committees more transparent.
Premier bullish about Cayman’s transparency reforms after UK talks
Premier André Ebanks left London this week feeling confident that the islands – and, in particular, its critical financial services industry – is in good standing with the UK government.
EY awarded $1.28M contract to overhaul budget process
Government has awarded a $1.28 million contract to EY Cayman for consultancy services to implement Cayman's new outcomes-based budgeting framework.
Report on Cayman’s Parliament finds gaps in transparency, independence
A new report looking into Cayman's Parliamentary effectiveness has found several challenges to its success as a legislature ranging from transparency issues to the absence of a code for members' conduct and perceived hinderances to its independence.
Is a 100-foot setback enough to clinch a $30M 10-storey development?
A ten-storey complex will not be as imposing as its neighbours, a developer argued in a planning meeting on Wednesday, because it is set 100 feet further back from the road.
Elections law changes to focus on campaign financing
Changes to possibly increase how much money can be spent during the Nomination Day and Election Day period as well as mechanisms to capture pre-election spending are among new Election Law amendments under consideration.
EDITORIAL – Another ‘blacklist,’ another ‘hit list’ (Yawn!)
There they go again. Another group (this time Oxfam) produces another list of “world’s worst tax havens,” and they slap the Cayman Islands near the top — not because our jurisdiction lacks transparency, or offers anything less than full cooperation with enforcement agencies all over the world, but simply because Cayman itself has no direct taxation.
Panama signs tax convention
Six months after the Panama Papers revelations, Panama signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters last week, making it the 105th jurisdiction to join the predominant instrument for transparency and combating cross-border tax evasion.
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.
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 Finance supports beneficial ownership ‘enhancement’
Cayman Finance said it supports the agreement concluded between the Cayman Islands government and the United Kingdom over improvements to the way beneficial ownership information is collected and exchanged with foreign tax authorities and law enforcement.
Direct rule: UK gov’t urged to consider ‘nuclear option’
The U.K. government should consider imposing direct rule on its overseas territories and Crown dependencies if they fail to comply with U.K. tax laws, according to Labour Party leader Jeremy Corbyn.
Cayman Finance: Cayman not a secrecy jurisdiction
Following the leak of internal documents of Panama law firm Mossack Fonseca which has reignited the debate about offshore financial centers, Cayman Finance said Tuesday that Cayman has a proven track record on transparency and cross-border cooperation.
Ministry: Legislative changes concerning beneficial ownership and privacy coming
Following the release of the “Panama Papers,” the Cayman Islands Ministry of Financial Services has issued a statement saying “the disclosure has further amplified the need for global cooperation,” but it would need to be in accordance with accepted international standards.
Panama Papers: Leak puts pressure on offshore centers
References to the Cayman Islands in the “Panama Papers” were conspicuous by their absence but pressure on all offshore financial centers is likely to increase after the anonymous leak of more than 11 million documents belonging to a Panamanian law firm continued its fallout on Monday.
