Jamaica meets latest IMF targets
From Caribbean360 The IMF noted that the current account has improved and net international reserves increased to more than US$1 billion by end-December (with gross reserves at US$1.8 billion, equivalent to more than three months of imports). KINGSTON, Jamaica, CMC…
Women announce gala to benefit Cayman Islands Crisis Centre
100 Women in Hedge Funds announces Inaugural Cayman Islands Gala to benefit Cayman Islands Crisis Centre Cayman Islands Crisis Centre to be Beneficiary of 100WHF 2014 Fundraising Events in the Cayman Island. 100 Women in Hedge Funds (100WHF), a leading…
Rihanna blames former accountant in lawsuit for US$9 million loss
From Caribbean360 In new court papers filed in Manhattan Federal court and disclosed in media reports here on Thursday, Rihanna, 25, whose real name is Robyn Fenty, claims that she had US$11 million in cash when 2009 began and just…
Cayman captive industry remains buoyant
GEORGE TOWN, Grand Cayman–(BUSINESS WIRE)–The Cayman Islands captive insurance sector remains buoyant in a testing environment as 2013 maintained a steady pace following on from the phenomenal 2012 year of growth. The Cayman Islands secured a combined total of 39…
Economic crisis and the Caribbean: The challenges facing Barbados
By Hilbourne Watson From Stabroek News Hilbourne A. Watson is Professor Emeritus of International Relations at Bucknell University, Lewisburg, Pennsylvania Barbados is yet another casualty of the economic crisis facing the Caribbean, with the Democratic Labour Party (DLP) government euphemistically…
BVI Signs “UK FATCA” and US FACTA is expected to follow
By Aki Corsoni-Husain, Ross Munro From Harneys BVI Signs “UK FATCA” The British Virgin Islands (“BVI”) Government signed an agreement (“UK/BVI IGA”) with the United Kingdom providing for automatic exchange of financial information relating to UK tax payers who hold…
iNews Briefs
Premier’s HARDtalk airing changed The Office of the Premier has been advised that the airing for the discussion between Cayman Islands Premier Hon. Alden McLaughlin and BBC HARDtalk host Stephen Sackur has been changed to Wednesday, 12 February, 2014, on…
Continuing obligations for Cayman Islands investment funds
From Mourant Ozannes The continuing obligations of Cayman Islands regulated funds are set out in the Companies Law and Mutual Funds Law (as amended). Each Cayman Islands regulated mutual fund must: • Pay an annual fee to the Cayman…
US, Canada sign agreement to halt offshore tax evasion in the Caribbean
From Caribbean360: The US Congress enacted the FATCA in 2010 to “target non-compliance by US taxpayers using foreign accounts,” including those in the Caribbean. WASHINGTON D.C., United States, Thursday February 6, 2014, CMC – The United States Department of the…
The Editor Speaks: Reporting Corruption
“No jurisdiction is reporting corruption enough through the anti-corruption mechanisms” The quote above is from Cayman Islands Premier Alden McLaughlin’s Keynote Address to Chatham House Conference “Combating Global Corruption” on 4th February 2014 in London UK. The whole address, in…
