August 10, 2020

Archives for July 16, 2020

GBRR: Regulatory round-up – AML/CFT outsourcing in Singapore; naming and shaming in China; buffers in Jamaica

By Douglas Thomson From GBRR Singapore’s capital markets intermediaries have come under fire for their outsourcing practices for anti-money laundering/counter-financing (AML/CFT) obligations; a Chinese regulator has published a list of misbehaving bank shareholders; and Jamaica is considering introducing a counter-cyclical capital buffer. The Monetary Authority of Singapore published a highly criticalreport on its capital markets intermediaries’ […]

“You don’t need to wait”: Regulators urge banks to get out in front on climate transition

By Emilio Demetriou-Jones From GBRR Hong Kong regulators are being urged to produce a roadmap for their sustainable finance measures – as the Bank of England urges banks not to wait for climate disclosure to be made mandatory before submitting regular reports.    In a 15 July report Hong Kong’s Financial Services Development Council (FSDC) said that […]

Skating for a Cause

The skating community is coming together to skate for cause! In an exciting community initiative, 25 skaters of all ages, levels and choice of wheels will take to the Black Pearl Skate Park to do 25 fancy laps as they raise awareness and attempt to raise $25,000 towards some wheels for Meals on Wheels. Every […]

Luckin Coffee announces the appointment of “Light-Touch” Joint Provisional Liquidators in the Cayman Islands

Joint Provisional Liquidators to Facilitate the Negotiation and Restructuring of Financial Obligations; No Material Impact on Daily Operations Expected Company Continues to Operate its Business under the Day-to-Day Control of the Board of Directors with Supervision by the JPLs BEIJING, July 15, 2020 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (the “Company”) (OTC:LKNCY) today announced that […]

The CUPRA Leon Competición, ready for its world racing debut in Mugello

From July 17th to 19th in the TCR Italy CUPRA completes construction of the first CUPRA Leon Competición units The new model makes its debut this coming weekend at the 2020 TCR Italy Defending champion Salvatore Tavano will be at the wheel of the CUPRA touring racecar Martorell, 16-07-2020 – Following its presentation last February, the […]

Cayman: Men arrested for fraudulent credit card use

From RCIPS 16 July 2020 On Thursday, 9 July, officers arrested two men, both age 26 of George Town, on suspicion of obtaining property by deception. Yesterday, 15 July, a third man, age 27 of George Town, was arrested on suspicion of the same offense. The arrests stem from a series of fraudulent credit card […]

Cayman: Liquor Licensing Application Deadline – August 14

The Liquor Licensing Board advises Grand Cayman liquor licence holders, including those with music and dancing licences, that the deadline for applications is Friday, August 14, 2020. The annual Liquor Licensing Board meeting is scheduled to be held on September 14, 2020. Licence holders are encouraged to submit applications for renewals as soon as possible […]

Caribbean Airlines re-starts flights from Jamaica to Antigua and Barbados

Port-of-Spain July 16, 2020. Effective July 25, 2020 Caribbean Airlines will re-start flight operations between Kingston, Jamaica, Antigua and Barbados. Customers can look forward to twice weekly service connecting these destinations. The re-introduction of the flights is part of the airline’s phased re-start of its commercial operations out of Jamaica.

Cayman: COVID-19 Testing Update 16 July 2020 – NO new positives

The Chief Medical Officer, Dr John Lee, reports 117 COVID-19 tests have been carried out since it was last reported on Wednesday, 15 July. All were negative.

Ortega unmoved by Nicaraguans stranded in Cayman Island and on Cruise Ships

By Elmer Rivas (Confidencial) From Havana Times Repatriation flights cancelled without justification and cruise lines are asked to “pay for the Managua airport’s operating costs”.  By Elmer Rivas (Confidencial) HAVANA TIMES – More than 500 Nicaraguan workers in the tourism and hotel industry, who have lost their jobs due to the Covid-19 health crisis, have been stranded […]