Archive for June 13th, 2023
New pension raid justified by poor performance
(CNS): A proposal to allow people to use their pensions to pay down mortgages or for a deposit to buy their first property is justified because of the poor performance of private pension funds that non-government workers are forced to pay into each month, Chris Saunders MP said in parliament last Friday. Despite some reservations, […]
Minister in Europe to tackle grey list issue
(CNS): Minister André Ebanks departed for Europe this weekend, heading a local delegation in the battle to finally get the Cayman Islands removed from the FATF grey list at a meeting in Paris next week. If he succeeds, this jurisdiction will likely also be removed from the European Union AML List in October.
Testing to begin on ID register
(CNS): Following the recent Cabinet approval of the partial commencement of the Identification Register Law, which was passed at the end of last year, work has started on the creation and testing of the register ahead of the live application process. The start of the legislation also paves the way for the creation of the […]
Visitor dies after medical emergency while snorkelling
(CNS): A 68-year-old woman visiting Cayman from North Carolina in the USA died at the weekend after suffering an undisclosed medical emergency while snorkelling around Cayman Kai in North Side. Police said the emergency services were called to the area just after 11:05 on Saturday morning and provided urgent first-aid. The woman was taken to […]
CUC rolls out non-renewable charging stations
(CNS): Caribbean Utilities Company is rolling out an electric vehicle charging station initiative, offering to install stations in business and residential strata car parks and to maintain them for an annual fee. Users will be charged for the power via an app. Grand Cayman’s power provider is promoting the stations as a sustainable project, but […]
