Archive for August, 2016

Notes on BO exchange details published

Notes on BO exchange details published

| 30/08/2016 | 8 Comments
(CNS Business): The arrangements under which the UK law enforcement authorities will be able to access information on the beneficial owners of offshore companies registered in Cayman have been posted on the FCO website for several months, though local officials say that the technical aspects of how [...]

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Caribbean banks hope IMF can solve de-risking-risk

Caribbean banks hope IMF can solve de-risking-risk

| 30/08/2016 | 1 Comment
(CNS Business): The Caribbean Association of Banks (CAB) has welcomed recent remarks by Christine Lagarde, Managing Director of the International Monetary Fund (IMF), over the problem of correspondent banks in the region de-risking and hopes that the organisation can help stop the current trend. As [...]

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Golden Spoons Review: Bread & Chocolate

Golden Spoons Review: Bread & Chocolate

| 29/08/2016 | 5 Comments
(CNS Foodie): Situated across from the Courthouse in George Town, directly underneath Daily Grind café, is the colourful and cozy local-run vegan food hub Bread & Chocolate. After first going vegan while still living in Cayman six years ago, I never dreamed there would ever be a restaurant or c [...]

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Ex-Cayman banker dodges jail term in Switzerland

Ex-Cayman banker dodges jail term in Switzerland

| 24/08/2016
(CNS Business): A former offshore banker who was based in the Cayman Islands before he blew the whistle on his former bosses at Julius Bäer, accusing them of assisting clients with tax evasion and leaking sensitive account information to Wikileaks, will not go to prison. Rudolf Elmer (60) was given [...]

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Golden Spoons Review: Da Fish Shack

Golden Spoons Review: Da Fish Shack

| 22/08/2016 | 12 Comments
(CNS Foodie): Any restaurant that includes “fish” in its name better serve good seafood, and Da Fish Shack did not disappoint. We sat at the outdoor patio (there are only seats at the bar inside) for dinner and were lucky enough to enjoy a relatively pleasant summer evening, once the mosquitos d [...]

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CIG’s Honduras day-trip paves way for deals

CIG’s Honduras day-trip paves way for deals

| 19/08/2016 | 15 Comments
(CNS Business): The government is hoping Honduras could serve as a new source of imports for the Cayman Islands and a new gateway for Cayman Airways. On a day trip to Roatan on Tuesday, the premier led a delegation to discuss future trade deals between the Central American country and Cayman. Alden [...]

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Liquidators on trail of fugitive for missing $4M

Liquidators on trail of fugitive for missing $4M

| 16/08/2016 | 8 Comments
(CNS Business): Joint liquidators trying to untangle the affairs of Ryan Bateman and the group of Cayman-registered companies he once owned and managed have filed another winding up petition and are on the fugitive’s trail for some $4 million of investors cash and assets that has gone astray from [...]

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DCI prepares to call time on booze licencees

DCI prepares to call time on booze licencees

| 16/08/2016 | 0 Comments
(CNS Business): The Department of Commerce and Investment (DCI) is urging liquor licence holders to submit their applications ahead of Friday’s deadline, otherwise they will have to apply again from scratch. Officials are concerned that, based on the number of applications they have received so fa [...]

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Airport retail space up for grabs

Airport retail space up for grabs

| 16/08/2016 | 9 Comments
(CNS Business): As the Cayman Islands Airports Authority (CIAA) continues work on the redevelopment of Owen Roberts International Airport (ORIA), it is about to begin an open tender for all the retail spaces at the new facility, which is set to open in 2018. A total of seventeen potentially lucrativ [...]

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Ex CIMA compliance boss moves to FRA

Ex CIMA compliance boss moves to FRA

| 16/08/2016 | 4 Comments
(CNS Business): Robert James Berry, the former head of compliance at the Cayman Islands Monetary Authority, has been appointed as the director of the Financial Reporting Authority (FRA). Berry, an anti-money laundering expert who worked in private banking before he joined CIMA, has move to the gover [...]

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Tech zone makes deal for conference series

Tech zone makes deal for conference series

| 16/08/2016 | 1 Comment
(CNS Business): Cayman Enterprise City (CEC) has announced a five-year deal with the Internet Marketing Association to host annual Impact Cayman conferences on the islands over the next five years, and is expected to attract overseas delegates and boost visitor numbers. The first conference was held [...]

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Golden Spoons Review: Blue Cilantro

Golden Spoons Review: Blue Cilantro

| 08/08/2016 | 14 Comments
(CNS Foodie): This was my first time visiting Blue Cilantro; to be honest, the off-putting LED lighting throughout the dining room always kept me away. Thankfully, we were seated on the patio, which overlooks West Bay Road and has soft lighting and air conditioning. The only thing I would imagine to [...]

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CIG ready to assist Canada’s tax evasion probe

CIG ready to assist Canada’s tax evasion probe

| 05/08/2016 | 8 Comments
(CNS Business): As Cayman National finds itself embroiled in another international tax evasion investigation, this time regarding the actions of clients of two Canadian banks, the Cayman government says it is ready and willing to assist Canada in uncovering where its citizens may have used offshore [...]

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CUC earnings boosted by hot weather

CUC earnings boosted by hot weather

| 02/08/2016 | 3 Comments
(CNS Business): Sales were up by 7% for CUC during the second quarter of 2016, the firm has reported. While this was partly due to a slight increase in customer numbers, the main factor was the warmer weather, as the average temperature for the period was up by almost a full degree and people turned [...]

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Deputy takes over as compliance boss at CIMA

Deputy takes over as compliance boss at CIMA

| 02/08/2016 | 4 Comments
(CNS Business): After ten years as deputy, Audrey Roe has been promoted to head of the Compliance Division at the Cayman Islands Monetary Authority. Now leading one of CIMA’s most important divisions, she has also assumed the role of money laundering reporting officer for the authority. With  [...]

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