Tag: CIMA

Cayman’s offshore rivals target crypto market

Cayman’s offshore rivals target crypto market

| 15/05/2018 | 52 Comments
(CNS): As the global cryptocurrency sector heats up, job creating international investment is seeking out suitable jurisdictions and Cayman Islands’ offshore rivals are looking to steal a march on this growth by introducing crypto-friendly laws and legislation, with Bermuda in pole position. B [...]

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CIG preparing governance framework for cryptocurrencies

CIG preparing governance framework for cryptocurrencies

| 30/04/2018 | 34 Comments
(CNS): The Cayman Islands Government is working on a framework of governance for cryptocurrencies and digital coin projects taking place in the jurisdiction while it considers how to implement a legislative framework for the sector, which has grown to over $400 billion in a few short years. Respondi [...]

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ICO phenomenon demands regulatory attention

ICO phenomenon demands regulatory attention

| 20/03/2018 | 38 Comments
(CNS): After Bitcoin took investors on a rollercoaster ride last year, 2018 is shaping up to be the Cayman Islands’ biggest year for cryptocurrency funded startups — known as initial coin offerings (ICOs) — as companies around the world look to cash in on the digital asset explosion. Again [...]

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Fake $25 and $100 bills in local circulation

Fake $25 and $100 bills in local circulation

| 02/10/2017 | 9 Comments
(CNS): The RCIPS Financial Crimes Unit and the Cayman Islands Monetary Authority collected a number of counterfeit notes last week and they are warning the public to keep alert for the forged cash. The denominations are $25 and $100, all from the “D” series, and the notes seized so far have the [...]

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Caledonian makes ‘no fine’ secret deal with SEC

Caledonian makes ‘no fine’ secret deal with SEC

| 19/12/2015
(CNS Business): A confidential circular sent to the creditors of the Caledonian Bank Limited (CBL), which was brought down following an investigation by the US Securities and Exchange Commission (SEC), has revealed that despite the probe bringing the Cayman-based bank to its knees, there will be no [...]

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Bank calls in auditors over FIFA scandal

Bank calls in auditors over FIFA scandal

| 08/06/2015 | 23 Comments
(CNS): Fidelity Bank has called in auditors in the wake of allegations made by the US authorities that it may have played a part in the possible laundering of the alleged bribes and kickbacks at the centre of the FIFA scandal. Officials from Fidelity said they had “engaged Deloitte Cayman to condu [...]

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CIMA boss isolated from FIFA-related probe

CIMA boss isolated from FIFA-related probe

| 05/06/2015 | 68 Comments
(CNS): Updated: Government officials have clarified that the local regulator has set up an internal unit that will report to the non-executive board, and not the CIMA managing director, to investigate the allegations made about a local bank and other offshore entities registered here in the ongoing [...]

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