Financial Services
Bean counters get to keep lid on CIIPA
(CNS): The Cayman Islands Institute of Public Accountants does not have to reveal anything to the public as the Office of the Ombudsman has confirmed that the Freedom of Information Law does not apply to the industry body. Publishing the most recent decision from her office this week, Ombudsman San [...]
Small local law firm merges with global offshore player
(CNS): After 20 years as a small but full service law firm in Grand Cayman, Solomon Harris is merging with the much bigger offshore law firm, Bedell Cristin. Founded in 1998 and employing 28 people, the local firm will be re-branded as the Cayman arm of the larger global player. Bedell Cristin [...]
CARICOM backs BOTs in constitutional fight with UK
(CNS): UPDATED with comment from Premier: Caribbean leaders have expressed their solidarity with the British Overseas Territories in the region that are being adversely affected by the unilateral action of the UK to legislate domestic policy constitutionally devolved to them without the consent an [...]
CIG resurrects SE Asian office idea
(CNS): The lure of Asian investment has placed the idea of opening a Cayman Islands office in Hong Kong back on the government’s agenda. Premier Alden McLaughlin has said it is time to explore again the possibility of an Asian presence, given the increasing importance of that market to the [...]
Premier seeks CARICOM help with UK dispute
(CNS): The Cayman Islands premier is turning to regional organisation CARICOM for help in its fight with the United Kingdom over what he has termed as the “constitutional overreach” by the British government after it passed legislation imposing public beneficial ownership registers on th [...]
Cayman waiting on timeline for constitutional talks
(CNS): Premier Alden McLaughlin told his colleagues in the Cayman Islands Legislative Assembly on Thursday that he has already requested a time frame from the British government for when constitutional talks can begin and said he had been assured that the dates would be settled soon. The decision to [...]
Canada’s legal weed sparks Cayman money laundering claims
(CNS): While the prospect of legal cannabis for recreational use in the Cayman Islands is not expected anytime soon, Canada is just a couple of months away from full legalisation. As that date approaches, legislators have raised concerns that the multi-billion dollar legal weed market could be taken [...]
UK MPs double down on demand for public registers
(CNS): The leaders of the British Overseas Territories impacted by the UK parliament’s vote in April to impose public ownership registers are currently in London, battling to reverse the decision and, in Cayman’s case, attempting to change the constitution. However, the British MPs behin [...]
CIG officials make ‘great progress’ on constitution
(CNS): Cayman Islands London representative Eric Bush, who has been coordinating meetings in the UK for the premier’s delegation this week, said that “great progress” is being made in efforts to improve the constitutional relationship between Britain and the Cayman Islands. Premier [...]
CIMA appoints three new chiefs
(CNS): The Cayman Islands Monetary Authority has promoted three members of its team into senior posts covering statistics and inspections. Kenton Tibbetts, Jackie Powell Marsden and Yoshneck Mutomba, who have all worked at the authority for several years, have been appointed to head up various speci [...]
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