Finance
Cayman on new EU blacklist
(CNS Business) Updated: Government appeared to brush off the latest blacklisting of the Cayman Islands when it released a short statement on Wednesday at around 5pm following revelations by the EU that the jurisdiction had been cited as facilitating tax evasion.
Jamaica pushes as home to HSBC HQ
(CNS Business): British banking giant, HSBC, is considering relocating its headquarters out of the UK, and one Caribbean state is now vying for the spot. According to UK news organizations, the Jamaican government has contacted HSBC to established itself as a candidate.
Webb scandal not representative of Cayman
(CNS Business): It’s been three weeks since the Cayman Islands was shoved into the international spotlight of a corruption scandal, with the arrest of now former CONCACAF president and FIFA vice president, Jeffrey Webb. “This isn’t a representation of the jurisdiction,” Cayman Finance CEO Jude Scott told CNS Business, maintaining that Cayman has no tolerance for corruption, money laundering […]
How ATM scammers steal customer information
(CNS Business): Devices that capture your debit card information at ATMs are becoming more popular with crooks. On a global scale, data reports show “ATM skimming” is on the rise, and its also plaguing local ATMs in the Cayman Islands. The fraud technique has already succeeded in stealing around $250,000 this year. CNS Business wanted […]
Cayman remains offshore deal leader
(CNS Business): While the number of offshore deals took a plunge in the first quarter when compared to the previous quarter for the Cayman Islands, reports show the significant spike in the average deal size is what keeps the islands on the map as the busiest jurisdiction for offshore transaction at the start of 2015.
CJ says rights to open justice not absolute
(CNS Business): Cayman Islands Chief Justice Anthony Smellie has said that courts have to adopt a “principled, pragmatic and flexible” approach when it comes to balancing the right to open justice and public access in trust cases. Delivering a speech as the recent Transcontinental Trusts Bermuda conference, Cayman’s top judge spoke about the need for […]
Commuting judge starts work in court’s FSD
(CNS): A judge who is commuting some 4,000 miles to his new job in the Financial Services Division of the began hearing cases recently. A new non-resident judge, Justice Nick Segal, will serve in Cayman from time to time as required. A specialist in financial, commercial and insolvency law and litigation, Segal has been immersed […]
May is ‘Putting Investors First Month’
(CNS Business): The CFA Society Cayman Islands will join other CFA Societies from around the world to recognize May as “Putting Investors First Month”, a global movement that seeks to build awareness and unite investment professionals in a commitment to place investor interests above all others.
Unethical businesses must adjust to new copyright laws
(CNS Business): Modernising Cayman’s copyright laws will bring financial benefit to the islands but it will impact some local businesses and they will have to adjust or find another line of business, according to Commerce Minister Wayne Panton. He said, “You can’t have your cake and eat it too.”
Student programme to encourage careers in financial services
(CNS Business): The launch of a new student education and work experience programme is set to spark early engagement for Caymanian students interested in careers in the financial services industry. The 12-week programme targets Year 12 students who are job-ready and aims at putting more young professionals to work in this industry.
ESO urges businesses to supply info for national accounts
(CNS Business): As the finance ministry presses ahead with its goal to improve local statistics and information, the Economics and Statistics Office (ESO) is urging local businesses to fill out and return questionnaires for the System of National Accounts (SNA) and Balance of Payments (BOP) surveys. The forms have been sent to the local business […]
Ex-CIG finance expert joins local law firm
(CNS): The former deputy financial secretary, who was given an undisclosed government pay-off after some five years on gardening leave during McKeeva Bush’s premiership, has joined the local law firm that represented him at trial. Deborah Drummond was one of three high-ranking female public servants left out in the cold after a ministerial reshuffle when […]
Number crunchers begin workforce survey
(CNS): With a goal to create a more accurate and timely picture of the country’s workforce, the Economics and Statistics Office (ESO) will begin the first Labour Force Survey (LFS) of the year on Sunday. Following announcements by the finance minister that the ESO will revert to its twice yearly schedule, starting this weekend interviewers from the department […]
Kilpatrick receives captive industry award
(CNS Business): Ian Kilpatrick, founder of Advantage International Management, is the recipient of the Captive Insurance Companies Association (CICA) 2015 Distinguished Service Award. The award recognises individuals or organisations that have made significant contributions to advancing the captive insurance industry. Kilpatrick was presented with the prestigious award at the CICA 2015 International Conference by President Dennis Harwick.
International Trainer to Address Pension Sector
(CNS Business): The National Pensions Office of the Department of Labour and Pensions (DLP) and the Cayman’s Chartered Financial Analysts (CFA) chapter are coming together to offer a free ethics training session for individuals who administer and regulate pensions plans in the Cayman Islands.
Recent comments