Archive for July 24th, 2018
90% increase in suspicious activity reports
(CNS): A massive increase in the number of suspicious transactions was recorded by the Cayman Islands Financial Reporting Authority but there has been little explanation for the 90% jump in the number of suspicious activity reports (SARs) between 1 July and 31 December 2017 compared to the same period in 2016. The 6-month interim report […]
Dart to start work on residential areas
(CNS): The Cayman Islands’ largest developer is set to start work soon on a residential project in Camana Bay, where the homes will be for sale. So far, the sprawling mixed-used town created by Dart has focused on commercial ventures, such as office blocks and retail developments, where a number of town centre apartments were […]
Construction sites turn up illegal workers
(CNS): Over the last few months the enforcement arm of the Department of Immigration has been rounding up illegal workers at construction sites in George Town, Savannah, Newlands and North Side. Based on both tip-offs about specific sites from the public and approximately 30 spot-checks on individuals, between 15 May and 19 June officers arrested […]
OfReg aims to be self-sufficient
(CNS): The new Cayman Islands utilities regulator has received a cash injection from government coffers to help with the goal of the relatively new watchdog to train staff and eventually become a self-funding body committed to ensuring the safe and fair provision of power, water, communication and fuel. Utility Regulation and Competition Office (OfReg) has […]
New Yorker dies after dive trip in GT
(CNS): A 64-year-old woman visiting the Cayman Islands from New York died Sunday following a diving trip off the coast of Eden Rock in South Church Street, George Town. Peggy Sylvia Michel got into difficulty while in the water at around 2:30pm and was assisted to shore by her dive companion, who, along with other members of […]
WORC begins talks with business groups
(CNS): The new unit tasked with solving the persistent problems of Caymanian unemployment, underemployment and stalled career progression has begun meeting with local business associations about its development. Last week representatives of the Workforce Opportunities and Residency Cayman (WORC) met with industry stakeholders, whose members will be critical to the new agency’s success. Interim Director Sharon […]
Man caught up in bar brawl stabbed in leg
(CNS): A man who got caught up in a brawl between a customer, who was armed with a knife, and a security guard at the Everglo Bar in Bodden Town was taken to hospital with a serious knife wound in his leg early Saturday morning. The armed man was arrested. Police said that it appeared […]
