Tag: charities
Charities warned over vulnerabilities
(CNS): With more than 450 local churches, sports clubs, community groups, charities and other non-profit organisations registered with government, the registrar for NPOs hosted an information session recently to help these entities manage their risk of being used for money laundering, terrorist financing and financial sanctions dodgers. This was the latest in a number presentations […]
Registrar publishes help for NPOs struggling with law
(CNS): The registrar for non-profit organisations has posted more documents on its website to help NPOs and charities based in the Cayman Islands navigate their way through the process to comply with new legislation. Information on registration applications, companies falling under section 80 of the Companies Law (2018 Revision) and general queries can be found […]
New legislation to cut charity risks
(CNS): Several pieces of legislation will come into force next week that are designed to protect non-profit organisations and charities from financial crime and clarify the regime surrounding NPOs and civil organisations that could be misused. The Non-Profit Organisations (Amendment) Law, 2018 (Commencement) Order, 2019 and Non-Profit Organisations (Registration Application) (Amendment) Regulations, 2019 will come into […]
Changes to law cut charity costs and red tape
(CNS): An amendment to the Companies Law made at the end of last year to reduce red tape and costs for local non-profits comes into effect on Friday, 1 March. Application fees for charitable entities applying to operate as a Section 80 company will be cut from CI$1,000 to $300 and administrative fees cut from $500 […]
CIG looks to smooth local charity troubles
(CNS): More than 400 churches, sports clubs, community groups and charities in the Cayman Islands that are registered with government have been experiencing major administrative headaches as a result of the Non-Profit Organisations Law, 2017, which was implemented to deal with the risks posed by offshore non-profit entities. So, in moves to help local charitable organisations […]
Speaker blames red tape for closing his charity
(CNS): Speaker of the House McKeeva Bush is blaming a law implemented by the current government, of which he is now a member, for closing a charitable foundation he established over twenty years ago. Bush said he “can’t put up with the bureaucracy” of the legislation, which is intended to improve transparency in the charity […]
