- 185 leave Cayman during amnesty period
- Eric Bergstrom, pioneer in Cayman tourism, passes at 85
- Cruise port environmental impact study must be updated
- Man shot during incident near Welly’s
- Jolly Roger pulled free for second time
- STEM conference aims to inspire students
- Botanic children’s park receives $20,000 from Clarke
- CUC scheduling power outages in West Bay
- Cayman Cookout activities announced
- RCIPS revising road-closure policy
The principle of open justice requires that justice must literally be seen to be done. But there are occasions when openness of court proceedings will be at odds with the requirements of justice.
About three years ago, Global Risk and Data Authority Limited launched a platform aimed at automating the know-your-client and anti-money laundering compliance processes for banks in Cayman, as well as onshore correspondent banks.
Peter McKiernan, the cofounder of RiskPass AML+Compliance Ltd., stood at his laptop last week at a seminar on anti-money laundering practices for cryptocurrencies, demonstrating to the audience how to transfer cryptocurrencies across borders.
The governments of Jersey, Guernsey and the Isle of Man are asking businesses for their views on proposed new legislation that will require certain tax-resident companies to demonstrate they have sufficient substance.
Cayman’s fund industry is facing significant changes under new regulations to fight money laundering and the financing of terrorism.
Proponents of offshore finance often argue that jurisdictions like Cayman and the British Virgin Islands help people from corrupt countries protect their wealth against theft and other forms of unlawful confiscation.
Businesses that litigate in the Cayman Islands courts have historically had few alternatives to the traditional funding model, i.e., paying a law firm a fixed hourly rate.
It is common rhetoric to describe U.S. President Donald Trump as a non-conformist. President Trump came out of the gate swinging, dismantling long-standing trade agreements and partnerships with neighbours, allies and the world’s second largest economy.
Despite all that’s been written about U.S. worldwide income taxation and complex informational reporting requirements, many individuals, particularly those living outside the U.S., remain noncompliant.
There are very serious economic and financial implications for the British Virgin Islands as a consequence of the United Kingdom’s decision to impose public registers of beneficial ownership on the Overseas Territories.
CAYMAN ISLANDS NEWS
News feed from Cayman Compass