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Business
Cayman Finance: Immigration reforms could cost jobs
Immigration reform is back in the spotlight tonight, with Cayman Finance CEO Steve McIntosh urging caution. He warns that the island’s core industry relies on imported labour due to near-full employment among qualified Caymanians.
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Cayman Compass
Cayman best Overseas Territory on beneficial ownership register
Cayman is the only major UK Overseas Territory offshore financial centre to have an open register of beneficial ownership up and running by the April deadline, a UK watchdog has reported.
Transparency International UK said Bermuda, the British Virgin Islands, Turks and Caicos and Anguilla had all failed to keep a promise made last year to have legislation on their books to provide better access to ownership information by last month.
The campaign group said, “The Cayman Islands have continued to position themselves as one of the earlier movers towards corporate transparency, delivering both primary and secondary legislation for increased public access to this information before the April deadline.”
