Retail
Real estate still poses high risk of money laundering
(CNS): More than 40% of property developers and real estate agents selected last year by the Department of Commerce and Investment for inspection for their anti-money laundering processes were found to be non-compliant with the regulations. According to both the DCI’s 2021 Supervisory Report and the National Risk Assessment 2021, which have both been made […]
Bars and clubs get reprieve for NYE
(CNS): After an enforced early closing time for bars and clubs over the last few weeks, government officials have revealed that they will be able to open until later on Fridays, starting with New Year’s Eve. Liquor licence holders in the category of retail bars are permitted to open until 2am on Friday nights only, […]
Booze shops and bars to close Christmas Day
(CNS): The Liquor Licensing Board has said that bars and retail liquor stores will not be able to sell alcohol on Christmas Day. Only hotels and restaurants will be allow to sell liquor on Saturday, 25 December. All other licence holders, such as retail bar, retail nightclub, package, distributor and retail mobile, must abide by […]
Businesses ramp up pressure to reopen
(CNS): A number of Cayman’s larger business owners and developers are joining forces to ramp up the pressure on government and the public to fully reopen the borders by embarking on a concerted campaign to convince people that it is time to live with COVID-19. Government has hinted that it may lift isolation restrictions for […]
Shoppers panic in the face of COVID cases
(CNS): Government officials may be imploring the community not to panic after two people with no travel history tested positive for the coronavirus yesterday but shoppers are taking to the supermarkets and stores anyway, piling their carts high and stripping the shelves of toilet paper and disinfectant amid fears of what might happen next.
Supermarkets mandate shots for new workers
(CNS): The local supermarkets have united to introduce a COVID-19 vaccination mandate for all new workers, both permit holders and new local staff. With a high percentage of existing staff already vaccinated at the major stores, the bosses across all four companies — Foster’s Supermarket/Priced Right, Cost-U-Less, Hurley’s Marketplace and Kirk Market — said that […]
ALT holds back unvaxed staff bonuses
(CNS): As implied in a previous letter last month, Cayman’s largest hardware merchant has held back bonuses for unvaccinated staff. Al Thompson had stopped short of mandating that his workers get the COVID-19 shots but tied the pay-out of a special annual bonus related to successful trading over the last 12 months to the vaccine […]
Store boss demands staff reveal vaccine status
(CNS): Al Thompson, the president and owner of Cayman’s largest retail hardware store, is pressing all of his staff to get vaccinated and has told them to “stop reading nonsense on social media” and “stop listening to stupid people” with no medical knowledge spreading propaganda. Falling short of mandating the vaccine in order for people […]
Liquor store chain’s breach of data law exposed in hack
(CNS): Personal data belonging to around 150 employees of the Jacques Scott Group Ltd (JCG) that was exposed during a ransomware attack last year also exposed the company’s own breaches of the Data Protection Law. The Office of the Ombudsman has found that the company failed to take adequate technical and organisational measures to protect […]