January 28, 2021

JN Money limits transactions to US Dollars in Cayman

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From Jamaica Gleaner The Cayman Islands (CI) operation of JN Money Services (JNMS) has advised that, starting August 24, it will accept US dollars only for money transfer, MoneyGram and Quick Cash transactions. The action appears to be an accommodation of requests from its Cayman bank, which is moving to close the accounts of money […]

Mutual Funds-Related and Companies Bills gain Cayman Islands LA approval

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The Ministry of Financial Services, Commerce and Environment had four bills – one involving changes to the Monetary Authority Law, two regarding regulations for mutual funds, and one relating to the filing of company directors and officers – that recently were debated and passed in the Legislative Assembly (LA). Financial Services Minister Wayne Panton said […]