Financial Services Minister conducts talks on beneficial ownership


Financial Services Minister Wayne Panton has conducted meetings this month with UK and European Union lawmakers in London and Brussels, on subjects including beneficial ownership; the EU screening process; proposed UK legislation; OECD and EU initiatives; Brexit; and to participate on a panel in Brussels on corporate taxation.

“My Ministry continues to make progress with our UK and EU counterparts, on the highest levels, as we explain how our financial services regime works, and how it benefits both Cayman and countries around the world,” he said.

“This certainly is not the first time that we’ve engaged with some of these individuals, but during this visit we significantly expanded the network of influencers that we are contacting. The perceptions of Cayman are shifting positively because of the work that has accelerated during this administration, and the Ministry is committed to continuing this high degree of strategic proactivity.”

Accompanying Minister Panton were chief officer Dr Dax Basdeo; the directors of the Department of Financial Services Policy and Legislation, and the Department for International Tax Cooperation, Michelle Bahadur and Duncan Nicol, respectively; and the Ministry’s head of communications and public affairs Angela Piercy.

Wayne Panton, Brexit, UK,European Union

Cayman Funds