Tag: Department of Commerce and Investment
Jewellers warned of sector’s financial risks
(CNS): It is no longer just offshore financial institutions that are vulnerable to money laundering. Industries as diverse as real estate and jewellers are also at risk of being used to disguise the source of assets. Dealers in precious metals and stones (DPMS) were recently warned by government officials at a special workshop organised for […]
Officials find 4 out of 5 bars breaking rules
(CNS): Police and inspectors from the various relevant government departments went out and about on spot checks of liquor licensed premises on Friday and found that several were breaching their licence requirements. Staff from the Department of Commerce and Investment (DCI), the Cayman Islands Fire Service and the RCIPS visited five George Town bars to […]
DCI introduces new rules in face of risks
(CNS): The Department of Commerce and Investment has introduced several new board policies that will come into force on Wednesday, 1 May, as part of its new role supervising designated non-financial businesses and professions, such as real estate agents and precious metal dealers. The DCI is now tasked with ensuring that measures are in place […]
Planning issues stop notice on pop-up beach business
(CNS): The Department of Planning has issued a stop notice at the recent pop-up beach equipment rental business on Boggy Sand in West Bay. The emergence last week of a collection of bright yellow sun loungers and umbrellas on a strip of beach at the junction of Mary Hyde Road and Boggy Sand Road, as […]
DCI investigates pop-up beach rental
(CNS): Following a report on CNS Tuesday that a new sun lounge and umbrella beach rental had popped up on Boggy Sand Beach this week, the Department of Commerce and Investment has confirmed that it is investigating whether or not the business is legal. In addition to questions sent by CNS to various officials about […]
Police and DCI clamp down on illegal sessions
(CNS): Following complaints to the Royal Cayman Islands Police Service from members of the community about illegal sessions and late night, loud after-hours parties in George Town, the RCIPS has joined forces with the Department of Commerce and Investment to undertake proactive patrols and clamp down on those breaking the law. Inspector Courtney Myles, head of […]
