Archive for March 30th, 2023
Local unemployment rate falls to record low
(CNS): The unemployment rate among Caymanians fell to a new low of 3.6% in October 2022, with just 796 local people declaring themselves jobless, according to the Economic and Statistics Office’s Fall Labour Force Survey. With another 9,000 people added to the workforce last year, the population is now over 81,500, an increase of more […]
Seven bills rolled out to tackle AML issues
(CNS): Seven amendment bills to strengthen the powers of the Cayman Islands Monetary Authority (CIMA) and widen the anti-money laundering net have been published in the government gazette. The bills propose changing laws that were passed as far back as 2010 and as recently as 2021 to help the regulator apply “proportionate and dissuasive sanctions” […]
