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Press Release

Published 9th January 2019, 11:12am

GRAND CAYMAN, Cayman Islands Ė Premier Hon. Alden McLaughlin leaves the Cayman Islands Wednesday, 9 January, 2018, for meetings in London, Brussels, Paris, Berlin and New York to continue discussions about recently approved legislation concerning the Countryís continued efforts to meet international standards for the Financial Services Industry.

He will be joined by Minister for Financial Services and Home Affairs Hon. Tara Rivers, Attorney General Hon. Samuel Bulgin and other Ministry officials to continue discussions about global developments in the Financial Services Industry and Caymanís continued efforts to stay off the blacklist of the EU. They will outline the steps the Cayman Islands has taken to meet European Union requirements, reaffirm Caymanís commitment to international standards and address any concerns of global partners.

In December the Cayman Islands Legislative Assembly approved legislation that further strengthens compliance with international standards. The legislation was produced following the Ministry of Financial Servicesí in-depth consultation with Caymanís financial services industry, Cayman regulators, the OECD and the European Union.

In New York the Premier has been invited to speak at the Cayman Finance Breakfast Seminar where he and the delegation will continue to promote the Cayman Islands as a reliable and stable jurisdiction in which to do business.