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Recent Articles

Update to banking regulations enhances Cayman’s appeal

Update to banking regulations enhances Cayman’s appeal

| 30/09/2014 | 0 Comments

The Cayman Islands have for decades been one of the world’s leading banking and financial centres, currently ranking as the fifth largest banking centre worldwide, with over 200 banks, including 40 of the world’s 50 largest banks, and over US$1.5 trillion in assets, writes Marco Martins, Managing Partner, Harneys. As is the case in most […]

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CIMA to co-host insurance seminar with Fitch Ratings

CIMA to co-host insurance seminar with Fitch Ratings

| 30/09/2014 | 0 Comments

(CNS Business): The Cayman Islands Monetary Authority (CIMA) will co-host a seminar with Fitch Ratings in the Cayman Islands next month. Fitch currently rates the securities of 92 different entities domiciled in the Cayman Islands, and considers it an important market. Sponsors of the event include Cayman Islands Insurance Association, Greenlight Re, RBC Wealth Management, Cayman […]

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Ogier Fiduciary Services re-brands following MBO

Ogier Fiduciary Services re-brands following MBO

| 29/09/2014 | 0 Comments

(CNS Business): Ogier Fiduciary Services launched its new brand and identity today, following the management buyout (MBO) from the Ogier Group in June. Chief executive officer Paul Willing said the additional investment would enable the firm to make their client service even better. Elian employs 500 people across 10 offices; the group has delivered 15 […]

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IRS warns IFIs of FATCA scams

IRS warns IFIs of FATCA scams

| 26/09/2014 | 0 Comments

(CNS Business): The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act (FATCA). Scam artists posing as the IRS have fraudulently solicited financial institutions seeking account holder identity and financial account information. The IRS said it does not require financial institutions to provide specific […]

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Local movie may show Cayman in new spotlight

Local movie may show Cayman in new spotlight

| 26/09/2014 | 0 Comments

(CNS Business): A short film written, directed and produced by an entirely local team which opened in Grand Cayman last weekend shows that movies shot here don’t have to be about money laundering or pirates. Although The Devil you Know film is shot almost entirely in Cayman, the location is unrelated to the story and […]

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$1,000 fines for health insurance offences

$1,000 fines for health insurance offences

| 17/09/2014 | 0 Comments

(CNS Business): Starting next month, the Health Insurance Commission will have the power to impose fines up to $1,000 for both employers and insurance companies for infractions of the health insurance law, though the accused person or company can still opt to take the matter to court instead of paying the fines and they will end up […]

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Major roadblock for cryptocurrency ‘haven’

Major roadblock for cryptocurrency ‘haven’

| 17/09/2014 | 0 Comments

(CNS Business): Capital Treasury Services (CTS), the company that linked Bitcoin businesses to banks in the Isle of Man, has said it will no longer be doing business with digital currency businesses as of next month. CTS said that while government was supportive of efforts to build Bitcoin businesses, its banking partners were not so positive. […]

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Still time for input on Sunday trading

Still time for input on Sunday trading

| 16/09/2014 | 0 Comments

(CNS Business): The public has two more weeks to give input on whether or not the Cayman Islands should revise its Sunday trading laws. Commerce Minister Wayne Panton has said he wants to modernize the law and make it more appropriate for the current business environment. The goal, he has said, is to revise the […]

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Public consulted on daylight savings

Public consulted on daylight savings

| 16/09/2014 | 2 Comments

(CNS Business): The Cayman Islands Government is considering whether it would be beneficial to adopt Daylight Savings Time (DST) – the practice of adjusting clocks one hour forward during the longer summer months, and back again in the fall – and is inviting the public to give their views on the subject by the end […]

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Cayman hospital to feature at tourism conference

Cayman hospital to feature at tourism conference

| 15/09/2014 | 0 Comments

(CNS Business): Health City Cayman Islands is sending a delegation to an international healthcare conference and trade show in in Washington DC next week. Dr Chandy Abraham, Facility Director and Head of Medical Services, will introduce the special skills and capacities of the state-of-the-art facility in his presentation to a Caribbean ministerial meeting at the World Medical […]

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