Cayman Islands Proposes New Ministry Amid Ongoing Dispute with UK

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The Premier of the Cayman Islands Mr Alden McLaughlin has proposed making another Service for the International Trade and Investment in order to advance the region’s economy and financial industry.

The Premier stated that the ongoing dispute with the UK over public beneficial ownership registers demonstrates how the island ‘isn’t able depend on the UK to safeguard nor advance the Cayman Island’s fiscal advantages’.