Tag: UK

Cayman says no to public access to ownership

Cayman says no to public access to ownership

| 10/12/2014 | 0 Comments
(CNS Business): The Cayman government, along with other affected British territories, has refused to introduce a centralised beneficial ownership register with public access. Premier Alden McLaughlin said Monday that he and Financial Services Minister Wayne Panton, with the support of other territor [...]

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Premier praises CIMA director’s diplomacy

Premier praises CIMA director’s diplomacy

| 11/09/2014 | 0 Comments
(CNS Business): In the Cayman Islands Legislative Assembly this week, Premier Alden McLaughlin recognised the diplomacy of the Managing Director of the Cayman Islands Monetary Authority (CIMA) following the islands’ inclusion on the UK Financial Conduct Authority’s ‘High Risk Cou [...]

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Blacklisting brief but impact unknown

Blacklisting brief but impact unknown

| 08/09/2014 | 0 Comments
(CNS Business): Praising Financial Services Minister Wayne Panton for his urgent response to the brief blacklisting of the Cayman Islands by the UK’s Financial Conduct Authority (FCA), Cayman Finance CEO Gonzalo Jalles said the impact on the jurisdiction’s reputation may never be known [...]

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UK watchdog backtracks on blacklist

UK watchdog backtracks on blacklist

| 04/09/2014 | 6 Comments
(CNS Business): In a complete about-face following its initial blacklisting of the Cayman Islands and subsequent refusal to remove the jurisdiction from its list a ‘High Risk Countries’, the Financial Conduct Authority, which regulates the UK’s financial services industry, has con [...]

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Cayman government ‘astounded’ by blacklisting

Cayman government ‘astounded’ by blacklisting

| 15/08/2014 | 1 Comment
(CNS Business): The minister for financial services has said the decision by the UK’s Financial Conduct Authority to place the Cayman Islands on its high risk countries list, as reported by CNS Business on Thursday, defies logic. Astounded by the decision, Wayne Panton told CNS Business Thurs [...]

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Cayman Islands on UK blacklist

Cayman Islands on UK blacklist

| 14/08/2014 | 0 Comments
(CNS Business): The UK’s financial regulator has placed Cayman on a list of what it describes as high risk countries. Despite on-going efforts by the Cayman Islands Government to change attitudes towards the financial services industry here, the Financial Conduct Authority has still blacklist [...]

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