CIMA Investigates HSBC Mexico S.A.
The Cayman Islands Monetary Authority (CIMA) is investigating whether the Cayman Islands Branch of HSBC Mexico S.A. (“The Cayman Islands Branch”) breached any local laws or regulations. As the regulator of financial services institutions in the Cayman Islands, CIMA officials…
Boom lift tips over in George Town, Grand Cayman
At approximately 11.35hrs on Sunday (29) a 27 year old male was transported to George Town Hospital with head injuries. The male was operating an 80ft boom lift in the process of carrying out painting work on the CIBC-First Caribbean…
From Biglaw to Boutique: Reflections from Cayman
By Tom Wallerstein* as posted on abovethelaw.com I recently had a client ask me about asset protection strategies. Having read The Firm (affiliate link) before I ever went to law school, and mindful of the classic Tom Cruise movie of…
Anthony Travers comments on Premier’s proposed tax on work permits
The significance for the Cayman Islands and, particularly the financial services industry, goes far beyond the $50million intended to be raised. The confidence placed by investors in the tax free status of the Cayman Islands is based, not simply on…
Cayman Finance Statement on Proposed Payroll Tax
Cayman Finance has not yet received any details on the proposed “payroll tax” beyond that which has been reported in the media. We are therefore unable to offer any technical or specific feedback on the proposal at this stage. We…
Governor’s Statement on Budget
Issued by: Governor’s Office In response to enquiries received following the statement in regard of the budget issued by the Honourable Premier yesterday, the Governor has issued the following statement: “I have seen reports of a statement issued by the…
OCG Refers Results of Special Audit to Parliament, the DPP and the Police
Kingston; July 26, 2012 – The Office of the Contractor General (OCG) has today referred to Parliament, the Commissioner of Police and the Director of Public Prosecutions, the results of a Special Enquiry Audit that it has conducted into the…
Newsweek may not continue as print weekly
It has been reported by Associated Press that the American weekly news magazine Newsweek may cease its print publication by the end of this year. Inter Active Corp. (IAC) chief Barry Diller, who owns the majority stake in the company,…
Statement on U.S. Tax Compliance and the Foreign Account Tax Compliance Act
25 July 2012 The Ministry of Finance is issuing this statement in relation to recent public comments made in relation to the US Foreign Account Tax Compliance Act (FATCA). The US Government has always expected its citizens, wherever they live…
RCIPS answers iNews Cayman’s question concerning helicopter
Further to iNews Cayman’s request for comment from the RCIPS re the sale of the police helicopter, following the statement by the Honorable Premier yesterday (25) a Police spokesperson said: “The sale of the police helicopter has neither been discussed,…
