Archive for July 15th, 2020
UK confirms OTs have till 2023 to make BOs public
(CNS): Before the end of this year Britain’s overseas territories minister will be issuing an order-in-council in line with the Sanctions and Anti-Money Laundering Act passed in the UK parliament in 2018, but the territories still have until 2023 to make their beneficial ownership registers public. In a written statement issued on Thursday, Baroness Sugg […]
Chairperson deflects blame for OfReg failings
(CNS): Dr Linford Pierson, who chairs the board of the beleaguered utilities regulator, OfReg, arrived at Public Accounts Committee on Wednesday ready for a fight. The former Cabinet minister blamed everything and everyone, from Cabinet to the staff, for the multitude of failings surrounding the authority identified in a report by the auditor general. Pierson […]
Insurers had to trust gov’t over benefit scheme
(CNS): Following the announcement that the health ministry was going to help hundreds of workers pay their health insurance premiums during the COVID-19 lockdown, insurers were forced to trust government because how it was going about this benefit scheme was not made clear, CNS has learned. The industry body issued a statement, Wednesday, saying insurers […]
No more positives in latest COVID-19 results
(CNS): All of the 203 COVID-19 test results reported by Chief Medical Officer Dr John Lee Wednesday evening were negative, as Cayman appears to still be on track to beat the virus, even though test numbers are falling. Currently there are just two active cases, both of which are asymptomatic patients, one of which was […]
Public service pension exceeds $1B
(CNS): The success of the Public Service Pension Plan was heralded by Deputy Governor Franz Manderson recently after the plan became the first in the Cayman Islands to exceed $1 billion. According to the 2019 annual report for the plan, which provides pensions for government workers, the fund grew by more than $228 million and […]
