Archive for December 15th, 2023
Cayman’s AML ‘delisting’ begins in Europe and UK
(CNS): Following the removal of the Cayman Islands from the Financial Action Task Force grey-list last month, the jurisdiction is now also being removed from other lists related to anti-money laundering, countering the financing of terrorism and counter-proliferation financing (AML/CFT/CPF) regime.
CAL to increase Miami flights, DoT seeks new routes
(CNS): The Cayman Airways management team is planning to add more flights to Miami to meet demand, and the Department of Tourism is mulling new routes to the United States to attract new visitors from Kansas and Texas. As the parliament’s Finance Committee questioned CAL Executive Vice President Finance and Commercial Affairs Paul Tibbetts about […]
CIG forecast to close the year with $22M surplus
(CNS): After tracking huge surpluses for the best part of 2023, the Cayman Islands Government is set to finish the year with a surplus of $22.7 million, some $5.1 million less than originally forecast and far less than the $116 million it was sitting on at the end of the third quarter in October.
Police seize booze on suspicion of illegal sales
(CNS): Police officers responding to a report of a disturbance at Seven Mile Public Beach on Wednesday afternoon arrested a 49-year-old Bodden Town man on suspicion of insulting the modesty of a woman. They also seized “alcoholic beverages in a cooler” from people at the location because they suspected it was being sold illegally.
Young activists call for managed retreat along 7MB
(CNS): Local activist group Protect Our Future (POF) is calling for a managed retreat along Seven Mile Beach, as well as a change in planning policy to address how developers define the mean high water mark (HWM) and a review of seawalls in the face of more development that they say is threatening their future […]
Rental unit overcrowding fuels parking chaos
(CNS): As Cayman’s population growth continues unchecked and its infrastructure creaks under the pressure, the police are trying to deal with one of the resulting stress points: unsafe parking due to overcrowded accommodation. The RCIPS said it has been receiving complaints of vehicles blocking public roadways and making it unsafe for pedestrians and motorists to […]
