February 25, 2020

Cayman: New assessment completed ahead of CFATF deadline

The Cayman Islands continues to make strides to meet the recommendations of the Caribbean Financial Action Task Force (“CFATF”) made in its mutual evaluation report of the Cayman Islands, which was published in March 2019 (“MER”). The mutual evaluation assessed the jurisdiction’s compliance with the Financial Action Task Force 40 Recommendations relating to countering money […]

Cayman: Red Sky At Night sets the stage for an explosion of local talent

There aren’t many places in Cayman where one can find four sound stages offering an eclectic mix of musical performances, drama, theatre, poetry, fashion, dance and film for six hours. However, each year the Red Sky At Night multi-cultural arts fair presents multiple stages for local artistes and performers to showcase their talents while surrounded […]

iNews Briefs & Community Events

Social Work Month to Focus on Awareness Raising CAYMAN ISLANDS (GIS) – The Department of Children and Family Services (DCFS) will be highlighting the far-reaching impact of social workers this March. Social Work Month 2020’s theme is “Social Workers Generations Strong,” and will be reinforced by the following DCFS events: ■ Sunday, 1 – Social Work Month Thanksgiving […]

Single Use Plastics Stakeholder Committee proposes to ban certain plastics

GRAND CAYMAN (GIS) – After three meetings, the Single-Use Plastics (SUP) Stakeholder Committee is in agreement to recommend restrictive legislation on certain single-use plastics in the Cayman Islands effective at the start of January 2021. The SUP Committee, led by the Honourable Dwayne Seymour and Honourable Joseph Hew, also includes representatives from a broad cross-section of […]

Batabano – a unifying and economic driver for Cayman

As a non-profit organization run by a team of dedicated volunteers on Grand Cayman, corporate sponsorship is crucial for keeping the 37-year Batabano tradition alive and thriving, and organisers say there has never been a better time than now for businesses to support this growing national event. “Batabano is so much more than just a […]

Cayman’s business community hears about AML risk assessments

The business community in the Cayman Islands recently learned more about local risk factors for anti-money laundering, countering of terrorist financing and the countering of proliferation financing (AML/CTF/CPF), with the intention that they use the risk assessments to further strengthen and refine their AML/CTF policies and controls. Government officials addressed more than 200 persons at […]

Cayman: Small Biz Bootcamp to host second free workshop

The Chamber Training Centre’s Small Biz Bootcamp Series will be hosting their second workshop on Thursday, February 20, at the offices of the Chamber of Commerce in Governors Square. The series offers free courses that focus on equipping entrepreneurs with the knowledge they need to manage and grow their small or micro business in the […]

Cayman Government responds to the Tax Justice Network

GRAND CAYMAN, Cayman Islands – The Cayman Islands Government notes the publication of the Tax Justice Network’s (TJN) latest secrecy index. Responding, the Chief Officer in the Cayman Islands Ministry of Financial Services, Dax Basdeo: “The Cayman Islands’s standards of transparency are based upon recognised global standards. Unfortunately, the TJN’s methodology remains flawed, as does their […]

Financial Reporting of the Cayman Islands Government

From Office of the Auditor General Cayman Islands Government The Office of the Auditor General (OAG) has published its compendium report “Financial Reporting of the Cayman Islands Government: General Report 31 December 2018” which summarises the results of the financial audits for the year 2018 for the 40 public sector entities in the Cayman Islands, […]

Caribbean Utilities Company, Ltd announces a $1.1 million plus operating income

Caribbean Utilities Company, Ltd announces its results for the twelve-month period ended December 31, 2019 Caribbean Utilities Company, Ltd. is listed for trading in United States dollars on the Toronto Stock Exchange under the trading symbol “CUP.U”. Grand Cayman, Cayman Islands – Caribbean Utilities Company, Ltd. (TSX: CUP.U) (“CUC” or “the Company”) announced today its […]