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Day: February 17, 2013

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Switzerland Signs FATCA Co-operation Pact With US

Tom Burroughes Group Editor in London Wealth Briefing Switzerland and the US have signed an agreement to implement the controversial FATCA tax law to make it easier for financial institutions in the Alpine state to comply with this recent US…

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Calmly, Pick for Treasury Offers Replies to Senators

By ANNIE LOWREY Published: February 13, 2013 New York Times WASHINGTON — Jacob J. Lew, President Obama’s nominee for Treasury secretary, faced some fierce questioning on Wednesday from the Senate Finance Committee on his tenure at the bailed-out Citigroup and…

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The Editor Speaks: The new thieves’ code

After a week or so of sympathy at the chronic conditions prisoners have been enduring at our police cells and Northward Prison, it has been tempered by the spate of robberies and some make me sick to my stomach. The…

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Re-opening of UDP National headquarters

From Cindy Adam, Office Administrator Cayman’s First Premier & Party Leader, Honourable W. McKeeva Bush, OBE, JP, Ms. Tessa Johnson-Bodden, Chairperson & fellow UDP colleagues invite you and your families to join us in celebrating the Grand Re-Opening of the UDP…

Afterschool Programme Receives Computer Donation from PWC

Five new laptops now power the administration of the Ministry of Education’s Extended Afterschool Programme (EASP), thanks to a recent donation by PricewaterhouseCoopers (PWC). Staff use the computers to keep track of daily attendance in the eight EASP programmes and to complete…

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Cayman news in brief

Prisoners suffocating in police van   From the RCIPS An incident of a prisoner fainting due to claustrophobia while waiting in a prison transport vehicle yesterday (Friday, 15 February 2013), led to some confusion outside the courts building. At about…

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Cayman Islands: Fiction And Fact: The Financial Times And Cayman Islands Hedge Fund Transparency

15 February 2013 Article by Anthony Travers           The Financial Times Fact 1. “The Cayman Islands thanks to a light touch some would say no touch-tax and regulation regime”. 1. 80% of Cayman Islands assets under…

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Report: Cayman Islands is owed $20M in uncollected debt

GEORGE TOWN, Cayman Islands – The government of the Cayman Islands claims more than $20 million in uncollected debt, the majority for overseas medical expenses. Public documents show the British territory is owed more than $15 million for medical procedures…

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Cayman gunrunner pleads guilty in USA

Michael Brandon Leslie, from the Cayman Islands, has agreed to plead guilty in a United States Federal Court to one of seven counts in return for the dismissal of the other six charges. Leslie was one of six defendants charged…

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Education Ministry Team Players attain Employee of the Month

Ministry of Education, Financial Services and Employment (METE) staff members Nicholas McLean and Robert Llamas, have been chosen as successive Employees of the Month by the Cayman Islands Deputy Governor Awards Scheme. Financial Controller Robert Llamas received the November award…