Tag: Alden McLaughlin

Premier heads to London for Brexit talks

Premier heads to London for Brexit talks

| 02/02/2017 | 7 Comments

(CNS Business): The premier will be heading to London Friday with a small government team for the special meeting with UK officials and the heads of other overseas territories on the thorny issue of Brexit and how it will impact Cayman and the other British dependent territories. The Joint Minist [...]

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BOTs jittery over Brexit and EU clampdown

BOTs jittery over Brexit and EU clampdown

| 15/11/2016 | 2 Comments

(CNS Business): Britain’s loss of influence in the EU as a result of ‘Brexit’ could leave Cayman and other offshore jurisdictions exposed to tougher offshore tax rules. In addition to the problems of gaining access to the business in Europe, Brexit poses a challenge to Cayman in that the UK [...]

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Minister to make case for lawyers’ law

Minister to make case for lawyers’ law

| 12/10/2016 | 18 Comments

(CNS Business): After almost 15 years of wrangling over a law to regulate the legal profession, the current financial services minister, a former offshore lawyer himself, is hoping he can finally steer through new legislation. But despite getting backing from the Cayman Islands Law Society and t [...]

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Local women encouraged to pursue maritime study

Local women encouraged to pursue maritime study

| 07/09/2016 | 3 Comments

(CNS Business): Premier Alden McLaughlin has said he hopes to see more young women in the Cayman Islands make use of education-based government funding to consider maritime careers. Speaking at the inaugural Women in Maritime Association Caribbean (WiMAC) conference this week, he said, “This y [...]

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Trade talks with Honduras ‘sincere’

Trade talks with Honduras ‘sincere’

| 07/09/2016 | 1 Comment

(CNS): Increasing flights between Cayman and Honduras, organising direct imports from the Central American country and an undersea telecommunications cable were key issues on the talks agenda when President Juan Orlando Hernandez and his delegation met with Cayman Islands officials here last wee [...]

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CIG’s Honduras day-trip paves way for deals

CIG’s Honduras day-trip paves way for deals

| 19/08/2016 | 15 Comments

(CNS Business): The government is hoping Honduras could serve as a new source of imports for the Cayman Islands and a new gateway for Cayman Airways. On a day trip to Roatan on Tuesday, the premier led a delegation to discuss future trade deals between the Central American country and Cayman. Al [...]

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Cayman changes perception of offshore centres

Cayman changes perception of offshore centres

| 18/05/2016 | 0 Comments

(CNS Business): The narrative that the Cayman Islands and other offshore jurisdictions are to blame for the world’s corruption, financial crime and tax evasion is finally changing, Premier Alden McLaughlin and Financial Services Minister Wayne Panton believe. Having openly agreed to sign up to [...]

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Cayman to extend BO info exchange and repeal secrecy law

Cayman to extend BO info exchange and repeal secrecy law

| 11/05/2016 | 22 Comments

(CNS Business): After just two days in London, the Cayman Islands Government has announced plans to enter into deals, similar to the one it has with the UK, over the exchange of beneficial ownership information with other jurisdictions and to amend the notorious secrecy law. On the eve of the UK [...]

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CAL to begin phased replacement of fleet

CAL to begin phased replacement of fleet

| 13/04/2016 | 59 Comments

(CNS Business): Government has confirmed its approval of plans by Cayman Airways Limited (CAL) to begin phasing in a brand new fleet of modern aircraft to meet the expected growth in tourism. The national flag carrier is about to begin the tendering process to lease four new 737-8Max aircraft to [...]

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Corbyn queries Cayman’s celebration over UK deal

Corbyn queries Cayman’s celebration over UK deal

| 13/04/2016 | 8 Comments

(CNS Business): The fact that the Cayman Islands has welcomed the recent agreement with the UK over how it will share beneficial ownership details with British law enforcement and tax authorities was used against Prime Minister David Cameron this week by the opposition leader in the British parl [...]

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UK-Cayman sign deal on beneficial ownership

UK-Cayman sign deal on beneficial ownership

| 11/04/2016 | 0 Comments

(CNS Business): After almost three years of talks, the UK and Cayman governments have signed a deal on the framework outlining how the information on the beneficial owners of offshore entities will be given to the British authorities. For now, Cayman has avoided the need for a public central regi [...]

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Cayman details alternative to open beneficial owners register

Cayman details alternative to open beneficial owners register

| 26/02/2016 | 4 Comments

(CNS Business): Financial Services Minister Wayne Panton has been in discussions with UK officials about alternatives to the controversial central public register of beneficial ownership that will still meet the British government’s transparency requirements for its territories. Panton updated [...]

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Premier berates TV show at investment summit

Premier berates TV show at investment summit

| 11/02/2016 | 7 Comments

(CNS): The controversies surrounding the recently broadcast BBC documentary about the Cayman Islands was at the heart of a speech delivered by the country’s leader at last week’s Alternative Investment Summit. With Cayman central to the success of alternative investment, Premier Alden McLau [...]

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Chamber and CIG make up over unemployment

Chamber and CIG make up over unemployment

| 05/02/2016 | 2 Comments

(CNS Business): The Cayman Islands Chamber of Commerce and the government have agreed to work together to address the unemployment challenges facing the country. After several weeks of finger pointing between government and the Chamber over the issue of employing local workers, the newly elec [...]

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UK wants direct access to Cayman company info

UK wants direct access to Cayman company info

| 27/11/2015 | 2 Comments

(CNS): The UK’s overseas territories minister has told the Cayman Islands premier that the British government wants direct access to companies registered here for all of their law enforcement agencies, but the Cayman leader has so far refused. As the dispute between the UK and its territ [...]

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