World News
CIRC raises funds for humanitarian aid in Ukraine
(CNS): The Cayman Islands Red Cross (CIRC) raised US$131,000 for the Ukraine crisis during a focused appeal between 3 March and 10 April to support Ukrainians impacted by the intense fighting in that country. CIRC said that the funds raised are not subjected to administrative fees here or when transferred and that all the money […]
Falklands beats out Cayman to secure first OT city
(CNS): Port Stanley, the capital of the Falklands Islands, has become the first town in a British Overseas Territory to win the competition for city status, and Douglas, the capital of the Isle of Man, is the first town on a Crown Dependency to be given the same honour. However, the Cayman Islands’ application for […]
Cayman drops way down on TJN secrecy ranking
(CNS): The Cayman Islands is no longer the Tax Justice Network‘s most secret jurisdiction. The British overseas territory was rated number one in 2020 and number two in 2021, but this year it has dropped way down to number 14. The United States is now number one, Germany is number seven and Britain itself is […]
BVI premier waiting release on bond from US jail
(CNS): A Miami judge has ruled that British Virgin Islands Premier Andrew Fahie (51) can be released on U$500,000 bail following his arrest on drug-smuggling and money laundering charges in a DEA sting in South Florida last week. According to news reports in the US following Fahie’s scheduled court appearance on Wednesday, Judge Alicia Otazo-Reyes […]
Fahie planning return to work as premier of BVI
(CNS): The premier of the British Virgin Islands, Andrew Fahie, has said he will not resign from his job leading the overseas territory and that he was “framed” by the BVI’s “colonial masters”. In a social media message, which he asked to be circulated, sent from jail after his arrest last week on drug trafficking […]
UK pondering takeover of BVI government
(CNS): The UK government is poised to take over the British Virgin Islands Government, suspending its constitution and dissolving the elected branch, for at least two years after the Commission of Inquiry report into governance in the territory was released Friday. The publication of the damning report, which found that governance in BVI “was appallingly […]
BVI premier arrested on drug charges in Miami
(CNS): The premier of the British Virgin Islands, Andrew Fahie, has been arrested in the United States on charges related to drug trafficking and money laundering. According to various US news reports, he was arrested at a Miami-area airport by federal agents on charges of conspiring to import cocaine into the US and money laundering. […]
Key CIG agencies monitoring Russia sanctions
(CNS): The Cayman Islands Government says that key agencies have been actively monitoring their respective books of business for any possible connections with individuals, companies and other entities that are subject to the Russia sanctions. These entities include the Maritime Authority of the Cayman Islands (MACI), General Registry, Civil Aviation Authority (CAA), Lands & Survey […]
Ukraine crisis fundraiser racks up cash at Rackham’s
(CNS): Rackam’s bar was jam-packed Sunday night for a fundraising event to support the people of Ukraine, who are fighting to survive and fighting to defend their homeland from the invading Russian army. Through a raffle and an auction of prizes donated by local businesses, CI$28,500 was raised, which will go directly to the Ukraine […]
Cayman implements full sanctions against Russia
(CNS): The Cayman Islands is supporting the international effort to cut off funding for President Vladimir Putin’s war in Ukraine after the Russian army invaded the Eastern European country one week ago. In a statement about the situation, Governor Martyn Roper said this included banning aircraft owned or operated by anyone connected with Russia or […]
Premier warns war in Ukraine will increase COL
(CNS): Premier Wayne Panton has warned that the cost of fuel will increase in Cayman, pushing up the already rising cost of living, as a result of Russia’s invasion of Ukraine. In a statement about today’s military action directed by Russian President Vladimir Putin, Panton said it would carry a “tremendous humanitarian cost” and war […]
