September 19, 2018

The Editor Speaks: Government must act to stop a Port Berthing Referendum

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I can only say the government have themselves to blame for the referendum petition that is circulating by the ‘increasing’ number of opponents to the new cruise ship berthing facility. I say ‘increasing’ because this would seem to be the case as most of Cayman’s media has been saying. With the opposition, who had been […]

IRD says Eric Watson’s companies owe $112m

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By Matt Nippert, NZ Herald Inland Revenue have described a complex series of transactions Eric Watson undertook through the Cayman Islands as “circular”, and say the flamboyant expatriate’s holding company should pay $112m in back-taxes and interest. The High Court at Auckland today heard the opening exchanges of a long-brewing dispute between the Commissioner of […]

Other Voices: Changes in Cayman could impact hedge fund compliance

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by Hardin Compliance Consulting From Opalesque As of July 1, 2018, companies and limited liability companies incorporated or registered in the Cayman Islands are required to maintain a beneficial ownership register at their Cayman Islands-registered offices (or appointed service provider), unless an exemption applies. Hedge funds and private investment companies registered as companies or limited […]

“Stop passing the buck!” Simon says of Hill’s second about-face

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From Antigua Observer Justin Simon QC, a former attorney general, has declared that the Integrity Commission should stop “passing the buck” and investigate the corruption allegations against Member of Parliament (MP) Asot Michael. Simon said that the commission, despite its shifting stance on the matter, has the legal power to investigate alleged corruption without someone […]

Bermudians arrested in United Kingdom on Terror Charges

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From CARIBBEAN360 LONDON, United Kingdom, Tuesday June 19, 2018 – Two Bermudian men have been arrested in the United Kingdom on terrorism related charges. Bermuda police confirmed today that the men – Hisham Waheed Muhammad, 24, and Faisal Ibn al Hajj Muhammad Abu Ahmad, 23 –, who have been living in the UK for a […]

California’s economy is now the 5th-biggest in the world, and has overtaken the United Kingdom

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By Kieran Corcoran From Business Insider New economic data puts the California economy at $2.747 trillion — bigger than most nations. The ranking puts in fifth in the world, just ahead of the United Kingdom, which is on $2.625 trillion. The difference is striking given California’s population of 40 million to the UK’s 66 million. […]

The Editor Speaks: Colonialism

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Wikipedia’s definition of “Colonialism’ is: “the policy of a polity seeking to extend or retain its authority over other people or territories, generally with the aim of developing or exploiting them to the benefit of the colonizing country and of helping the colonies modernize in terms defined by the colonizers, especially in economics, religion and […]

The Cayman Islands Government reacts to the Sanctions and Anti Money Laundering Bill/ Chamber registers disappointment

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From The Office of the Cayman Islands Premier “The Cayman Islands Government is deeply aggrieved by the acceptance of the UK Government today of an amendment to the Sanctions and Anti Money Laundering Bill in the House of Commons.” The Premier was referring to the Sanctions and Anti-Money Laundering Bill amendment that was accepted by […]

Cayman Islands Public Library Service appoints new librarian

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From Cayman Islands Ministry of Education, Youth, Sports, Agriculture and Lands Kevin Goring was recently appointed as a Librarian for the Cayman Islands Public Library Service (CIPLS). In addition to providing general library services, Mr. Goring will assist with outreach, planning, promotion, coordination and implementation of programming offered through or by CIPLS to support the […]

Cayman Islands Government Councillor Harris off to UK for training

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Grand Cayman, CAYMAN ISLANDS – Councillor Austin Harris travels Saturday to London for training in his position as Whip of the Government of National Unity. Mr. Harris is Councillor for the Premier’s Ministry of Human Resources, Immigration and Community Affairs and the elected Member of the Legislative Assembly for Prospect on Grand Cayman. He was […]