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Cayman Delegation Discuss Regulatory Issues In Washington

by Amanda Banks, Tax-News.com, London

12 May 2003

A delegation from the Cayman Islands held high level talks with US government representatives in Washington last week, with financial and legal affairs the main topics on the agenda.

The Cayman delegation consisted of members from both the government and the private sector, with the Leader of Government Business, the Hon. McKeeva Bush and Chamber of Commerce and Bank of Butterfield Managing Director Mr. Connor O'Dea the more high profile delegates.

The main thrust of the meetings was aimed at the Cayman financial sector, with a particular focus on regulation. Meetings included hearings with the US Office of International Affairs, the Department of Justice, the Treasury Department and the International Narcotics and Legal Affairs Department.

The group also explored the possibilities for strengthening future ties between the two nations that could result in mutually beneficial exchanges.

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