Thursday, December 12, 2019
Michael Klein, Editor
Michael Klein, Photo-Journalist

Michael Klein

Editor

Pinnacle Media Group Ltd
PO Box 1365 GT
Grand Cayman KY1-1108

T: 345-815-0064
E: [email protected]

ARTICLES BY MICHAEL KLEIN

Digital age creates new challenges for criminal investigations and prosecutions

The knock-on effect this has for the investigation and prosecution of crime cannot be overstated, says director of public prosecutions Patrick Moran. “It is very hard to imagine a criminal investigation in which digital evidence will not at some stage come into play.”

Blockchain: Fintech company looks to expand operations to Cayman

Jun Hasegawa, founder and CEO of Omise Holdings’, a Southeast Asian payments provider visited the Cayman Islands in April to explore opportunities to expand the company’s operations.

Cryptocurrencies: Crypto hedge funds attracted new money despite bitcoin losses in...

Crypto hedge funds managed to grow their assets under management threefold in 2018 despite the difficult market conditions last year.

Critical evaluation prompts renewed anti-money laundering push

It had been Cayman’s worst kept secret for months. When the Caribbean Financial Action Task Force eventually published its evaluation of the islands’ anti-money laundering regime in March, few were surprised by the criticism.

Wealth distribution: OECD says middle class is getting squeezed

It is a common parental promise and expectation that the next generation will be able to lead a better, richer and easier life. And while this has been true for decades since World War II, the past 20 to 30 years have been different. Millions in industrialised countries have come to realise that their wealth is stagnating.

Transportation: Traffic initiatives planned for Cayman

The current debate about traffic congestion on Grand Cayman has brought about all kinds of hypothetical solutions.

Cayman’s property market: ‘Don’t call it a boom’

Cayman’s real estate market is thriving by any measure. Total property sales reached a record $800 million last year, an 18 percent increase over 2017. The number of property transfers, at 1,857 transactions, was 9 percent higher year on year. Construction activity, meanwhile, continues unabated all over the island.

Where next with the EU tax blacklist?

On March 12, government and the financial sector awaited with bated breath the outcome of the European Union’s evaluation of Cayman’s tax regime.

Environment: Managing waste becoming more than reduce, reuse, recycle

Each year, Cayman adds about 90,000 tonnes of waste to a single landfill site that already contains 1.5 million tonnes of garbage. In an area of 37 acres, this means the trash piles nearly 90 feet high.

Cayman soars in Global Financial Centres Index

The Cayman Islands jumped from 29th to 21st position in the twenty-fifth edition of the Global Financial Centres Index.

Survey: CEO confidence in the global economy wanes

After PwC’s annual survey of chief executives worldwide noted record-breaking optimism about the global economic growth only last year, the firm’s latest opinion poll reveals a dramatic drop in confidence.

Government to set up trade and investment ministry, regional offices

When Premier Alden McLaughlin announced the creation of a new trade and investment ministry last year, together with a regional office in Hong Kong, he justified the unusual mid-term move with the ever-changing international regulatory landscape for the financial services sector.

Invested in a market that has lost 80%? Not a problem...

Some investors might be unsettled by the volatility of a crypto market that is plagued by scandals and the ups and downs of Bitcoin, which has created and destroyed fortunes for the past eight or nine years.

Industry players see new opportunities in reinsurance

The Cayman Islands is capitalizing on new opportunities in the reinsurance market after 75 percent of the 33 new insurance and reinsurance companies established in Cayman last year were linked to the reinsurance space.

STEP conference: Cayman urged to ‘play more offense’

The Cayman Islands has come under enormous regulatory pressure last year and that is not expected to change in 2019.

Global corporate tax reform set to receive unexpected push – from...

There is growing consensus to support a U.S. proposal for the reform of global corporate tax rules, which would limit the ability of multinational companies to shift profits to low-tax jurisdictions, according to the Organisation for Economic Co-operation and Development.

Uncertainty remains despite new economic substance rules

Substance legislation passed by lawmakers in December 2018 has laid down the parameters for the way Cayman is responding to pressure by the European Union to reform its tax regime, but many questions remain about the economic impact of the new framework.

Independent directors reluctant to serve on crypto funds

The governance around hedge funds has changed dramatically since the introduction of the mutual funds law in Cayman 25 years ago.

Better metrics than GDP would have enabled a stronger response to...

Better measurement of the economy and of people’s well-being could have led governments to respond more strongly to mitigate the damage caused by the 2008 financial crisis and reduce people’s continuing loss of trust in public institutions, according to a new report released by the OECD.

Golden visa programs the latest target of regulators

Citizenship by investment and residency by investment schemes are the latest targets of regulators and advocacy groups, as three reports by Transparency International, the OECD and the Green Party in the European Parliament all highlighted abuses of the programs in both Europe and the Caribbean.
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