New EU anti-money laundering directive came into force from 26 June
From Out-Law.com A raft of reforms to EU anti-money laundering rules became EU law later this month after they were finalised and published in the Official Journal of the EU. Countries will have two years to turn the directive into…
Bryce Merren gets jail sentence of 9 years
Caymanian businessman, Bryce Merren, who pleased guilty to one count of conspiring with others to possess cocaine last December, received a jail sentence of 9 years following U.S. federal court proceedings in Puerto Rico last Thursday (25). Merren originally had three charges filed against him. The…
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Smoothie King donates to Special Olympics Cayman Islands
Smoothie King proudly made a donation of $500 to the Special Olympics Cayman Islands (SOCI) in support of the organization and its athletes. The donation from Smoothie King further honours their recent sponsorship of the 23rd Annual Flowers One Mile…
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Swiss secrecy bolsters soccer corruption
By Don Bauder From San Diego Reader Bribes, kickbacks part of the game for two generations Sports and secrecy go together. Hut-hut and hush-hush are almost one and the same. Look at all those disguised traps in the stadium task…
Cayman Islands: Formation of Private Equity and Venture Capital Funds
From Harneys June 2015 The Cayman Islands has long been the most prominent offshore jurisdiction through which to structure offshore private equity and venture capital funds. Why the Cayman Islands? “As can be seen, the tax-exempt, non-regulated and highly flexible…
Cayman Islands: Jason Dorsey to Keynote Cayman Captive Forum 2015
George Town, Grand Cayman, 24 June 2015 The keynote speaker for the 2015 Cayman Captive Forum is the “Gen Y Guy”, Jason Dorsey. Jason Dorsey, who wrote his first best-selling book at the tender age of 18, is now the…
Potential Changes to Creditors’ Rights in the BVI – Administration Orders
From Harneys JUNE 2015 • What exactly is administration? • How will it affect creditors’ rights? • How can lenders protect their rights? “Although a secured creditor will still enjoy a priority claim to the collateral, it loses control over…
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Aging UHNW population looks to Caribbean for wealth protection: report
By Joe McCarthy From Luxury Daily A confluence of positive developments is recasting the Caribbean as one of the top regions for ultra-high-net-worth consumers looking for sound investments, according to a new report by Wealth-X. Barbados in particular is a…
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iNews Briefs, More & Community Events
Community Events Grand Court Jurors Report Date Changed The Grand Court jury report date has been changed. Grand Court Jurors who are in the 1 April – 30 June 2015 session are now to report on Monday, 29 June 2015…
At 25, Taylor Swift proves extraordinary force
From Shaun Tandon, AFP From Business Insider New York (AFP) – Taylor Swift may be best known for bubble-gum pop anthems loved by teenage girls, but at 25 she has shown herself to be a formidable force in the business…
