Tag: André Ebanks
Ebanks tackles beneficial ownership during trip to Asia
(CNS): Financial Services Minister André Ebanks led a Cayman Islands delegation to Singapore last month to open the Cayman Islands Government’s new Asia Office. While there, he held a series of meetings, including with the European Commission and Financial Action Task Force for talks on beneficial ownership.
CIG throwing party in Singapore for new office
(CNS): Deputy Premier and Financial Services Minister André Ebanks will be overseas next week, leaving on Wednesday to head a delegation travelling to Singapore to open a Cayman Islands office there. The decision to follow through on the office first proposed under the previous PPM-led administration was to “establish and deepen strong public- and private-sector […]
New bill rolled out to help trust and estates sector
(CNS): Financial Services Minister André Ebanks will present the Perpetuities (Amendment) Bill, 2024 in parliament next month. The bill aims to enhance the trusts and estate planning sector by removing the mandatory 150-year perpetuity period for existing and future trusts. The change aligns with industry trends and ensures the Cayman Islands’ competitiveness in financial services, […]
Children’s home revamped with help of community
(CNS): The Bonaventure Boys Home in West Bay, which is run by the CAYS Foundation, reopened this week after a multipurpose revamp, including making it wheelchair-accessible. The Cayman Islands Government donated $100,000 to the project from the Ministry of Social Development’s 2023 budget savings. The non-profit organisation was then able to generate additional financial and […]
Cabinet approves hike in local company fees
(CNS): Following an extensive consultation process with businesses, associations and government entities, the cost of a local companies control licence and processing fees have been revised via regulations approved by Cabinet and not in the actual law, according to a release from the Ministry of Financial Services. The fees have not been increased for 17 […]
Minister promotes Cayman Islands business in Asia
(CNS): Financial Services Minister André Ebanks is on the road again, this time promoting the financial service sector in Asia. Ebanks, whose portfolio includes commerce and social development, has been focusing heavily on his financial services sector responsibilities recently, which has taken him away from the jurisdiction a number of times so far this year. […]
Deputy premier seeks to win hearts and minds in USA
(CNS): Deputy Premier and Financial Services Minister André Ebanks spent last week in Washington DC and New York City attempting to win over the hearts and minds of US politicians and the media in relation to the Cayman Islands’ position as a financial centre. Ebanks was in the US for over a week, from 13 […]
NAU offers more resources under new policies
(CNS): As the Needs Assessment Unit (NAU) prepares to morph into the Financial Assistance Department and new legislation providing for Cayman’s future welfare needs is rolled out, the Ministry of Social Development has implemented a series of enhancements to financial assistance programmes to provide better support.
Local demand for drugs fuelling gun smuggling
(CNS): There are at least 90 illegal guns currently on the streets of the Cayman Islands that police know about, it was revealed at a meeting about the escalating violence held in West Bay Wednesday night, and senior RCIPS officers and politicians drew a link between the demand for drugs and the smuggling of firearms. […]
NAU launches fraud hotline to report welfare cheats
(CNS): As the Needs Assessment Unit begins rolling out its new technology platform to improve the delivery of social services, it has launched a dedicated Fraud Reporting Hotline. Given the broad perception that some people receiving government cash are either undeserving or not Caymanian, the phone line has been installed to promote transparency and accountability.
West Bay church gets $450k from CIG for shelter
(CNS): The Church of God Chapel in West Bay has received a grant from the public purse of $450,000 towards the redevelopment of the church building, which will include an emergency shelter for 200 people from the surrounding community. The money has come from unused capital expenditure in the 2023 budgets of the social development […]
