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CARPHA and Mexico sign MOU to benefit 17 million Caribbean people

April 25, 2015
CARPHA and Mexico sign MOU to benefit 17 million Caribbean people MEXICO CITY, Mexico -- The Caribbean Public Health Agency (CARPHA) on Thursday signed a memorandum of understanding (MoU) with the ministry of health of the United Mexican States, through the Federal Commission for Protection from Sanitary Risks (COFEPRIS). The aim of the MoU...

Earth Day is every day at Health City Cayman Islands

April 22, 2015
Earth Day is every day at Health City Cayman Islands GEORGE TOWN, Cayman Islands -- Earth Day is celebrated every day at Health City Cayman Islands by implementing an impressive array of planet-friendly initiatives that abound on the well landscaped property. "We were built and will expand with sustainability and safety in mind," said Shomari Scott.

Cuba, Cayman Islands hold migration talks

April 20, 2015
Cuba, Cayman Islands hold migration talks GEORGE TOWN, Grand Cayman -- The third round of migration talks between the government of Cuba and the government of the Cayman Islands took place in Grand Cayman on 16 – 17 April 2015. The delegation from Cuba was headed by Ambassador Rafael Dausá Céspedes, director of consular...

Cayman Islands football youth cup attracts professional U15 teams

April 20, 2015
Cayman Islands football youth cup attracts professional U15 teams GEORGE TOWN, Grand Cayman -- The second annual Under 15 Cayman Airways Invitational Youth Cup will take place in the Cayman islands from Tuesday May 5 to Sunday May 10, 2015 and will feature eight local and international football teams. The upcoming tournament will host Ipswich Town...

US fraud reveals Chavez-connected Caribbean money trail

April 18, 2015
US fraud reveals Chavez-connected Caribbean money trail STAMFORD, USA -- The collapse in early 2011 of what prosecutors described as Connecticut’s largest ever Ponzi scheme and subsequent criminal and civil court proceedings have revealed a money trail of ill-gotten gains stretching from one end of the Caribbean to the other.

Lawsuit dropped against former head of Cayman corruption probe

April 14, 2015
Lawsuit dropped against former head of Cayman corruption probe GEORGE TOWN, Cayman Islands (CNS) -- Former Royal Cayman Islands Police Service (RCIPS) commissioner, Stuart Kernohan, who recently settled a wrongful dismissal claim against the Cayman Islands government out of court for an undisclosed but at least six figure sum...

Health City Cayman Islands celebrates first anniversary

April 10, 2015
Health City Cayman Islands celebrates first anniversary GEORGE TOWN, Cayman Islands -- Health City Cayman Islands celebrates its first anniversary of providing quality and affordable healthcare this month. Since the state-of-the-art medical facility received its first patient 12 months ago, Health City brought life to the shared vision of renowned...

BVI ranked highest offshore jurisdiction

April 9, 2015
BVI ranked highest offshore jurisdiction ROAD TOWN, BVI -- The British Virgin Islands (BVI) has moved up 13 positions to 34th in the most recent Global Financial Centres Index (GFCI). The Index also revealed that the BVI is the most highly ranked offshore jurisdiction, ahead of competing jurisdictions such as the Cayman Islands...

High ranking UK judge delivers guest lecture in the Cayman Islands

April 7, 2015
High ranking UK judge delivers guest lecture in the Cayman Islands GEORGE TOWN, Cayman Islands -- The Cayman Islands judiciary and its legal fraternities last week hosted the highest ranking member of the British judiciary ever to visit the territory in that capacity. A justice of the Supreme Court of England and Wales, Lord Mance, was there as keynote speaker...

Saga of avarice and money laundering in the Caribbean continues

April 3, 2015
Saga of avarice and money laundering in the Caribbean continues GEORGETOWN, Guyana -- While the talk of “cold cases” is in the air after Guyana’s President Donald Ramotar’s recent admonition to the police, there is one “hot” case that is about to be concluded. It is the high-profile case from 2013 that has all the elements of an object lesson in fraud and greed.

Cayman Islands rises in global financial centres index

April 1, 2015
Cayman Islands rises in global financial centres index GEORGE TOWN, Cayman Islands -- The Cayman Islands has moved up an impressive 15 positions in the most recent Global Financial Centres Index (GFCI). "The Cayman Islands was ranked at 54 in the last report published in September and it is indeed very pleasing to see the significant move...

Health City Cayman Islands introduces medical oncology services

March 31, 2015
Health City Cayman Islands introduces medical oncology services GEORGE TOWN, Cayman Islands -- Health City Cayman Islands has launched new medical oncology services with the opening of its department of medical oncology, spearheaded by resident oncologist Dr Vineetha Binoy. The department focuses on the diagnosis and treatment of various cancers.

Cayman Islands hosts Caribbean overseas territory governors conference

March 28, 2015
Cayman Islands hosts Caribbean overseas territory governors conference GEORGE TOWN, Cayman Islands -- Cayman Islands Governor Helen Kilpatrick on Friday hosted the governors from Bermuda and the other Caribbean Overseas Territories for a conference to discuss regional matters and issues of common interest. The conference was attended by the governors of...

Cayman Islands financial sector disappointed in 'opportunistic' article

March 26, 2015
Cayman Islands financial sector disappointed in 'opportunistic' article GEORGE TOWN, Cayman Islands -- Cayman Finance CEO Jude Scott on Wednesday expressed his disappointment on behalf of the financial services industry that a recent US Department of State Report listing of the Cayman Islands as a ‘country of primary concern’ was taken out of context.

Healthcare tourism on the rise in the Caribbean

March 25, 2015
Healthcare tourism on the rise in the Caribbean GEORGE TOWN, Cayman Islands -- Healthcare tourism is listed as an opportunity for the Caribbean region according to an article outlining "13 Opportunities for the New Caribbean." Curacao-based development consultants, Miguel Goede and Runy Calmera, cite opportunities ranging from...

Cayman voted best hedge fund services jurisdiction

March 7, 2015
Cayman voted best hedge fund services jurisdiction LONDON, England -- The Cayman Islands has been announced as the best hedge fund services jurisdiction at the 2015 Hedgeweek Global Awards in London. Hedgeweek is the largest online news publisher serving the investment and wealth managers market. Minister of Financial Services...

Carnival Cruise Line pledges $100,000 for Cayman Islands reef restoration

March 6, 2015
Carnival Cruise Line pledges $100,000 for Cayman Islands reef restoration GEORGE TOWN, Cayman Islands -- Working in partnership with the government of the Cayman Islands, Carnival Cruise Line has pledged a contribution of $100,000 to the Cayman Islands National Trust to support the ongoing George Town Reef Restoration Effort.

Health City, Cayman Tourism partner to promote medical travel

March 3, 2015
Health City, Cayman Tourism partner to promote medical travel GEORGE TOWN, Cayman Islands -- The Caribbean's newest healthcare facility is venturing into a new partnership to strengthen its identity as the region's premier destination for world-class healthcare and medical tourism. Shomari Scott, marketing director of Health City Cayman Islands...

BVI delegation visits Cayman Islands to learn about refugee and asylum laws

February 27, 2015
BVI delegation visits Cayman Islands to learn about refugee and asylum laws GEORGE TOWN, Cayman Islands -- A British Virgin Islands (BVI) delegation recently traveled to the Cayman Islands to gather first-hand knowledge about local laws and procedures that address refugees and the processing of asylum requests. Deputy Secretary (Atg) in the BVI Premier’s Office...

Cayman Islands attorney general comes under fire again

February 26, 2015
Cayman Islands attorney general comes under fire again GEORGE TOWN, Cayman Islands (CNS) -- A local attorney said that there are too many unanswered questions in relation to the legal authorities in the Cayman Islands that are of significant public concern. With a number of freedom of information requests eliciting very little information...

Cayman Islands bank files for bankruptcy after SEC lawsuit

February 19, 2015
Cayman Islands bank files for bankruptcy after SEC lawsuit GEORGE TOWN, Cayman Islands -- Cayman Islands-based Caledonian Bank has filed for bankruptcy protection in the US Bankruptcy Court of the Southern District of New York in order to prevent a feared run on the bank’s liquid assets. Caledonian depositors reportedly tried to withdraw US$68 million.

'Doubtful solvency' prompted Cayman Islands bank takeover

February 17, 2015
'Doubtful solvency' prompted Cayman Islands bank takeover GEORGE TOWN, Cayman Islands -- The decision by the Cayman Islands Monetary Authority (CIMA) to place Cayman Islands-based Caledonian Bank and its brokerage arm into controllership last week was prompted in part by the doubtful solvency of the bank and evidence of attempts...

Commentary: The View from Europe: OTs message hides a darker truth

February 14, 2015
Commentary: The View from Europe: OTs message hides a darker truth Imagine this. You are the premier of the Cayman Islands or the British Virgin Islands. You have been trying your hardest to continue to develop your nation’s economy. With British support and encouragement over a long period, the nation’s financial services and tourism sectors have flourished.

Cayman Islands bank sued by SEC placed into controllership

February 13, 2015
Cayman Islands bank sued by SEC placed into controllership GEORGE TOWN, Cayman Islands -- The Cayman Islands Monetary Authority (CIMA) has placed Cayman Islands-based Caledonian Bank and its brokerage arm into controllership just days after the US Securities and Exchange Commission (SEC) filed a lawsuit against the bank and four other companies.

Cayman Islands government responds to UK Labour Party leader

February 13, 2015
Cayman Islands government responds to UK Labour Party leader GEORGE TOWN, Cayman Islands -- The Cayman Islands government said it has not received a letter from Britain’s leader of the opposition Ed Miliband regarding the Labour Party’s intention, if it wins the UK election in May, to force the Overseas Territories and Crown Dependencies to implement...

Bank leak reveals billions from Caribbean stashed in Switzerland

February 12, 2015
Bank leak reveals billions from Caribbean stashed in Switzerland WASHINGTON, USA -- The International Consortium of Investigative Journalists released a report this week revealing billions of dollars held in nearly 60,000 internal Swiss bank documents from 2006 to 2007 leaked by whistleblower Hervé Falciani, a former employee of HSBC in Switzerland.

Britain's Labour Party leader hopelessly out of touch, says Cayman attorney

February 11, 2015
Britain's Labour Party leader hopelessly out of touch, says Cayman attorney LONDON, England -- The chairman of the Cayman Islands Stock Exchange, local attorney at law Anthony Travers, has accused UK Labour Party leader Ed Miliband of being hopelessly out of touch in relation to international tax avoidance. Travers’ comments follow a letter from Miliband to...

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