Archive for December 18th, 2015

Cash remittance firm returns to CI$ transactions

Cash remittance firm returns to CI$ transactions

| 18/12/2015 | 3 Comments
(CNS Business): Following what were described as constructive discussions with the Cayman Islands Monetary Authority (CIMA) and Financial Services Minister Wayne Panton last week, JN Money Services is accepting local dollars once again. Leesa Kow, the company’s MD, said a new proposal has facilita [...]

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Cayman National to pay $5M in US tax evasion probe

Cayman National to pay $5M in US tax evasion probe

| 18/12/2015 | 29 Comments
(CNS Business): Cayman National Corporation is expecting to part with some $5 million in fines to the US authorities in relation to what the bank called “past wrongdoing” by two of its companies, Cayman National Securities and Cayman National Trust Company. In a report on the bank’s website [...]

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