Archive for August 31st, 2023
BO access won’t be public yet under new bill
(CNS): The Cayman Islands Government has rolled out another piece of legislation to enhance its anti-money laundering regime. However, the Beneficial Ownership Transparency Bill only improves access for law enforcement and relevant agencies, not the public. While the bill has provisions to allow public access in future, officials said that will not happen before Cayman […]
Enforcement of new basic wage will pose challenge
(CNS): Compliance and enforcement will present a “major, major challenge” for the agency responsible when the new minimum wage is rolled out, the body created to review the existing regime has warned. The chairperson of the Minimum Wage Advisory Committee, Lemuel Hurlston, said that he and his members suspect that the labour department is not […]