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Deputy Premier Engages with US Congress, Media and Industry

Deputy Premier Engages with US Congress, Media and Industry
27 March 2024, 06:08 AM
Politics & Government, General, Government

Reinforcing and reaffirming the Cayman Islands' relationships with US policymakers, regulators and industry, the Deputy Premier and Minister for Financial Services and Commerce, the Hon. André Ebanks MP, visited Washington DC and New York City from 13-21 March to listen to their current views on global industry matters, and to update them on our Islands' soundness and business viability.

"The solid week of meetings began with Cayman Finance's industry roundtables, which among other highlights confirmed the Cayman Islands' attractiveness as a top investment funds domicile," he said.

The Deputy Premier then held introductory meetings with DC-based journalists from highly respectable media outlets, who cover international issues relevant to Cayman's financial services framework. "The journalists were genuinely interested in the Cayman Islands and open to understanding our financial services framework in its modern light. These forthright conversations laid the foundation for building more trusted relationships with international media," the Deputy Premier said.

"For me it reinforced the truth that overseas journalists, as well as those in Cayman, often have to digest large amounts of material very quickly and on deadline. So during our introductory discussions I gave them the Ministry's financial services timeline, which concisely displays the country's regulatory, tax information sharing arrangements, and anti-money laundering milestones from the 1960s to present day. It's a key visual that quite succinctly and compellingly conveys to international stakeholders the breadth and depth of our modern framework."

The Deputy Premier provided US policymakers with the same timeline, demonstrating how the Cayman Islands backs its strong commercial offerings with an established record of effectively implementing global regulations that fight illicit crimes, including tax evasion and money laundering.

"Indeed, in all our meetings throughout the week, I underscored Government's continuing commitment to global standards," he said.