Cayman News
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UK-Cayman sign deal on beneficial ownership
(CNS Business): After almost three years of talks, the UK and Cayman governments have signed a deal on the framework outlining how the information on the beneficial owners of offshore entities will be given to the British authorities. For now, Cayman has avoided the need for a public central register and has persuaded the UK […]
Experts warn of fallout from Panama Papers
(CNS Business): Cayman may not have been named yet in the Panama Papers, but the scandal is only just beginning and with many more documents yet to be analysed and released in May, there are no guarantees that the jurisdiction will escape unscathed. But even if it does, the impact of the papers could still […]
UK territories defended in Panama Papers leak
(CNS Business): Offshore lawyer Antony Travers, a past Chairman of the Board of Cayman Finance, has added his voice to the growing response to the Panama Papers scandal that the Cayman Islands should not be tarred with the same brush as the Central American jurisdiction. The IFC Forum, an international body representing the offshore sector in […]
Five Mile Capital to sell Ritz
(CNS): The company which bought the Ritz-Carlton, Grand Cayman from the developer Micheal Ryan in 2012 is planning to sell the five-star resort. Five Mile Capital Partners LLC has decided to list the 356-room hotel and 136-acre property, and according to local real estate brokers, it is in the early stages of marketing the five-star […]
Flow re-route traffic to tackle email trouble
(CNS Business): Local telecommunication firm Flow has stated that recent email problems for their customers using the long-standing candw.ky email address should have been resolved after the firm re-routed the electronic communication following difficulties in their Miami connection. CNS Business received a number of complaints from readers that emails were frozen, including small businesses who said […]
Golden Spoons Review: Grand Old House
(CNS Foodie): Before I get going on the review for Grand Old House, I have a confession to make. I’ve neglected even considering GOH as a dinner option for years. After looking at their dinner menu online, I remember thinking how boring and mundane it was. Here we are three years later, and my partner […]
Golden Spoons Review: Calypso Grill
(CNS Foodie): When I go out to eat, I’m super critical. But let’s face it, serving is not rocket science; a good personality will get you a long way, and if you have common sense, you’re in the money. Add a little time management skills and you have the perfect dining experience. Well tonight I […]
Call for direct rule ‘absurd’, says Panton
(CNS Business): Cayman’s financial services minister has dismissed as absurd the suggestion by the UK Leader of the Opposition, Jeremy Corbyn, that the British government should consider imposing direct rule on its overseas territories and dependencies if they do not comply with UK tax law. Corbyn was reacting to a massive leak from Panamanian law firm Mossack Fonseca, which […]
Cayman part of the solution, not the problem
(CNS): The Cayman Islands financial services industry continues to play a leadership role on international regulatory issues and for setting global standards to fight financial crime, according to Cayman Finance CEO Jude Scott. “Financial crime is a serious global problem that requires a unified legal, social and law enforcement response,” he said. “One of the […]
Cayman still hopeful it can avoid central register
(CNS): Senior UK officials who visited the Cayman Islands in February to discuss the issue of beneficial ownership reiterated Britain’s position that it could impose its preferred approach on the islands, which is an open central register, through legal means, the Financial Services Ministry stated in a release. However, even after the damning revelations in […]
‘The Donald’ to undergo psych and cash review by watchdog
(CNS Business): Donald Trump, the controversial Republican presidential candidate who may well secure the party’s nomination, will be undergoing detailed scrutiny at the 14th Annual OffshoreAlert Conference in May. The watchdog has announced that the state of Trump’s psychological makeup and his billionaire status will be examined at the upcoming Miami conference.
ESO to begin upgraded business surveys
(CNS Business): The Economics and Statistics Office will be starting the annual business surveys next Monday, collecting information to measure the economic performance of the Cayman Islands as a whole and all the individual sectors in 2015. Together, the System of National Accounts (SNA) and the Balance of Payments (BOP) surveys allow officials to gather […]
Carnival first major US cruise line to sail into Cuba
(CNS Business): The world’s largest cruise company will be the first of the major American lines to cruise to the island of Cuba in more than 50 years. According to international reports, the Adonia, one of the cruise line’s Fathom brand, will sail from Miami with 704 passengers for a week-long trip to the island on […]
Business email scammers target Cayman
(CNS Business): There has been an increase in wire transfer frauds by email against Cayman Islands businesses and government entities, the new Cybersecurity Incident Response Team, CIRT-KY, has warned. The internet security arm of the Information and Communications Technology Authority (ICTA), CIRT-KY said the scammers are masquerading as legitimate businesses in an attempt to make unauthorised wire transfers. “Actors use the compromised […]
Doctors take over local private hospital
(CNS Business): A new company made up of doctors as well as local and international investors has bought the Chrissie Tomlinson Memorial Hospital. CTMH Holdings Ltd, the newly formed holding company, has also purchased land, buildings and related medical companies. The hospital was sold by Dr Steve Tomlinson, who opened the private sector facility in […]
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