News from Cayman:
No comeback for former Cayman Islands premier
May 23, 2013
GEORGE TOWN, Cayman Islands -- Voters in the Cayman Islands denied former premier McKeeva Bush what would have been an unusual political comeback in Wednesday’s general elections in the territory. Although Bush, who is currently facing 11 criminal charges of theft and fraud...
Commentary: Truth, lies and tax
May 23, 2013
It is no surprise that the UK’s Guardian newspaper has once again attacked the Cayman Islands and other Overseas Territories. What does come as a surprise is when the article is written by a highly respected former editor of The Times and displays a lamentable lack of understanding about recent changes in the offshore world.
Cayman Islands goes to the polls
May 22, 2013
GEORGE TOWN, Cayman Islands -- Voters in the Cayman Islands go to the polls on Wednesday in general elections largely characterised by a high degree of uncertainty, with neither of the two main political parties having reason to be confident of outright victory. With no formal opinion polls taken...
British PM invites overseas territories heads to discussions on tax and transparency
May 22, 2013
BRADES, Montserrat (GIU) -- Heads of all British Overseas Territories and Crown Dependencies have been invited to a meeting with Prime Minister David Cameron to discuss tax transparency. In a letter themed “The G8 and tax and transparency,” Cameron said he is looking to...
Commonwealth election observers arrive in Cayman Islands
May 20, 2013
GEORGE TOWN, Cayman Islands -- A team of six election observers from the Commonwealth began arriving in the Cayman Islands on Friday ahead of Wednesday’s general election. Head of mission, Mario Galea, a member of parliament from Malta, said he and five other Commonwealth...
Former Cayman Islands premier alleged to have paid $1m for PhD
May 18, 2013
GEORGE TOWN, Cayman Islands -- The police and the Anti-Corruption Commission in the Cayman Islands are currently investigating allegations that a payment of US$1 million was made to the University College of the Caribbean (UCC) in connection with an honourary doctorate that former...
Cayman Invitational a big success
May 13, 2013
GEORGE TOWN, Cayman Islands -- Some 3,500 spectators were treated to a spectacular display of athletic prowess at last Wednesday’s Cayman Invitational held at in Grand Cayman. Six-time Olympic gold medal winner Usain Bolt took centre stage.
UK Chancellor welcomes commitments from Caribbean territories to enhance transparency
May 3, 2013
LONDON, England -- Britain’s Chancellor of the Exchequer George Osborne has welcomed news that all those British Overseas Territories with significant financial centres have signed up to the UK government’s strategy on global tax transparency.
Hedge fund firm seeks to block Cayman Islands transparency reforms
May 1, 2013
GEORGE TOWN, Cayman Islands -- One of the largest hedge fund services firms in the Cayman Islands is attempting to block reforms that would make the world’s principal offshore location for hedge funds more transparent.
Cayman Islands takes the lead in tax transparency
April 29, 2013
GEORGE TOWN, Cayman Islands -- The Cayman Islands is taking a clear stance on anti-evasion tax measures, having communicated to the UK government its commitment to join the G5 pilot on multilateral automatic exchange of information.
Cayman Islands to participate in G5 multilateral information exchange pilot
April 26, 2013
GEORGE TOWN, Cayman Islands -- The Cayman Islands has communicated to the British government that it is committed to joining the G5 pilot, recently announced by the UK, France, Germany, Italy and Spain, on multilateral automatic exchange...
Cayman Islands to host Caribbean's first 'Scuba Mile'
April 23, 2013
GEORGE TOWN, Cayman Islands -- As part of this year’s annual Flowers Sea Swim, Red Sail Sports, together with Aqua Lung and DAN, will be hosting the Caribbean’s first Scuba Mile Relay Race in the Cayman Islands.
Cayman Islands captive insurance industry launches new brand
April 22, 2013
GEORGE TOWN, Cayman Islands -- The Cayman Islands captive insurance industry has launched a new brand to promote its integrity and transparency in international markets with the tagline “Cayman Islands. Clearly Better Business.”
OECD gives Cayman Islands top grade
April 20, 2013
GEORGE TOWN, Cayman Islands -- In the Organisation for Economic Co-operation and Development’s (OECD’s) latest Global Forum Peer Review report, the Cayman Islands has been praised for its “robust and transparent” legal and regulatory regime.
Four years later, Cayman Islands corruption investigation lingers on
April 19, 2013
GEORGE TOWN, Cayman Islands -- Four years after it collapsed in 2009 without any charges being filed, a high-level corruption investigation in the Cayman Islands by London’s Metropolitan Police detectives is still making waves in London and...
Cayman Islands finance industry welcomes tax forum assessment
April 19, 2013
GEORGE TOWN, Cayman Islands -- Cayman Finance, the private sector organisation that represents the Cayman Islands’ financial services industry, on Thursday welcomed the recent independent assessment by the Global Forum on Transparency and...
Dominican Republic's newest star to participate in Cayman Invitational
April 19, 2013
GEORGE TOWN, Cayman Islands -- Nineteen year old Olympic silver medalist Luguelin Santos is another top name from the world of athletics who will be visiting Cayman next month to compete in the second annual Cayman Invitational track and field meet.
Former Cayman premier used govt credit card in casinos
April 18, 2013
GEORGE TOWN, Cayman Islands -- According to charges now filed in court in the Cayman Islands, the territory’s former premier McKeeva Bush is accused of making cash withdrawals of more than $50,000 from casinos in the United States.
Britain targets banks in Cayman and British Virgin Islands
April 16, 2013
LONDON, England -- Britain’s Chancellor of the Exchequer George Osborne is reportedly finalising measures to clamp down on two Caribbean tax havens. Under tough anti-evasion measures being drawn up by the Treasury, banks in the British Virgin...
New government income and expenditure report released for Caribbean islands
April 16, 2013
ST PETER PORT, Guernsey -- The first of four 2013 Island Monitor Reports covering 14 of the 100 islands monitored by Island Analysis has now been released. This report focuses on government income and expenditure trends in...
CXC hosting stakeholder events in Jamaica
April 16, 2013
KINGSTON, Jamaica -- The Caribbean Examinations Council (CXC) will host three one-day stakeholder events in Jamaica during the week of 23 April. The Council is hosting a seminar for guidance counsellors from Belize, Cayman Islands...
Former Cayman Islands premier appears in court
April 13, 2013
GEORGE TOWN, Cayman Islands -- Former premier of the Cayman Islands, McKeeva Bush, appeared in the Summary Court in Grand Cayman on Friday morning, when 11 charges against him were remitted to the Grand Court for mention.
Olympic silver medalist Kerron Stewart to participate in Cayman Invitational
April 13, 2013
GEORGE TOWN, Cayman Islands -- Olympic silver medalist Kerron Stewart will be joining a host of other top athletes at next month’s second annual Cayman Invitational track and field meet to be held on May 8 and she says that her strong faith in God...
Jamaican Olympic medalist Hansle Parchment looks forward to Cayman Invitational
April 11, 2013
GEORGE TOWN, Cayman Islands -- Jamaican Olympic medalist Hansle Parchment is set to make a return visit to the Cayman Islands this year, starring in the second annual Cayman Invitational track and field meet, scheduled to take place on 8th May.
Hometown hero Kemar Hyman joins all-star line-up at Cayman Invitational
April 5, 2013
GEORGE TOWN, Cayman Islands -- Kemar Hyman is the latest athlete to join the talented group of track stars at this year’s Cayman Invitational on May 8 in Grand Cayman. This is Hyman’s second year participating in the Cayman Invitational.
Cayman Islands moves forward with FATCA compliance
April 3, 2013
GEORGE TOWN, Cayman Islands -- The Cayman Islands government has announced that it will adopt a Model 1 intergovernmental agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA) and a similar...
Cayman Islands special economic zone embarks on international outreach
March 30, 2013
GEORGE TOWN, Cayman Islands -- After a successful first year as the only high-technology and knowledge-based special economic zone in the Americas, and a growing list of clients currently operating international businesses from the zone...
Olympian LaShawn Merritt sets his sights on Cayman
March 29, 2013
GEORGE TOWN, Cayman Islands -- The Cayman Invitational is shaping up to be an Olympic showdown, as latest athlete LaShawn Merritt is added to the mix. Merritt earned a pair gold medals at the 2008 Beijing Olympics, in both 400m and 4x400m...
Former Cayman Islands premier faces 11 criminal charges
March 21, 2013
GEORGE TOWN, Cayman Islands -- On Wednesday afternoon, police in the Cayman Islands charged former premier McKeeva Bush with 11 counts of breach of trust, misconduct and theft. Bush, who was originally arrested on December 11, 2012...
Cayman lawmakers block bid to reject election observers
March 16, 2013
GEORGE TOWN, Cayman Islands -- The Cayman Islands Legislative Assembly voted overwhelmingly late on Thursday to reject a private member’s motion brought by former premier McKeeva Bush, seeking to force the government to refuse a...
Cayman Islands seeks to protect 'tax shelter racket,' says US company
March 15, 2013
NEW YORK, USA -- A company known as Trikona has called for congressional hearings on what it described as “the Cayman Islands tax shelter racket and the efforts of Cayman courts and Cayman judges to extend their control over US courts and...
Cayman Islands to host major Commonwealth parliamentary meeting
March 15, 2013
GEORGE TOWN, Cayman Islands (GIS) -- New programmes to strengthen the capacity of parliamentarians to contribute effectively to the new Commonwealth Charter will be proposed at a major meeting of Commonwealth members of parliament...
Carmelita Jeter to star in Cayman Invitational
March 15, 2013
GEORGE TOWN, Cayman Islands -- Olympic gold medal winner, Carmelita Jeter, will be returning to Cayman this year to star in the highly anticipated up-and-coming track meet, Cayman Invitational. Jeter joins six time Olympic gold medalist Usain Bolt...
Usain Bolt to star in Cayman Invitational
March 7, 2013
GEORGE TOWN, Cayman Islands -- On May 8, 2013, the Cayman Islands will host the second annual Cayman Invitational, one of the biggest athletic track meets of its kind in the Caribbean, and none other than world-famous, six-time Olympic...
Hotel group forecasts strong Caribbean tourism outlook
February 28, 2013
SILVER SPRING, USA -- The Caribbean should have a good year in tourism, stated a hotel executive, who pointed to the encouraging outlook from delegates attending last month's Caribbean Travel Marketplace in The Bahamas.
US treasury secretary nominee quizzed on Cayman Islands investment
February 18, 2013
GEORGE TOWN, Cayman Islands -- At a recent US Senate Finance Committee confirmation hearing, Jack Lew, President Obama's nominee for treasury secretary, was asked about his investment in a Cayman Islands investment fund.
Cayman Islands financial sector welcomes ratings affirmation
February 16, 2013
GEORGE TOWN, Cayman Islands -- Cayman Finance CEO, Gonzalo Jalles, has welcomed recent news that Moody’s credit ratings agency has affirmed its Aa3 sovereign rating for the Cayman Islands, viewing the outlook on the country as 'stable'.
Cayman Turtle Farm refutes more claims of animal mistreatment
February 13, 2013
GEORGE TOWN, Cayman Islands -- Following her public support for the World Society for the Protection of Animal’s (WSPA) campaign against the Cayman Turtle Farm, the Farm has clarified several aspects in regard to statements made by...
Cayman Islands reports increase in dengue cases
February 9, 2013
GEORGE TOWN, Cayman Islands – The total number of cases in the Cayman Islands investigated for dengue fever so far for 2013 now stands at 31, compared to 94 for the whole of 2012. There have been eight new cases under investigation.
UNHCR reiterates concern about migrants in Caribbean waters
February 9, 2013
WASHINGTON, DC (UNHCR) -- In the first two months of 2013, there has been a dramatic rise in the number of boats, particularly from Haiti, transporting individuals in Caribbean waters. The United Nations refugee agency (UNHCR) has reiterated its call for...
