- Tourism in the Cayman Islands: Is there a breaking point?As annual visitor numbers edge closer to 2.5 million, the question arises: Has the Cayman Islands reached the tipping point on tourism?
- Developer has big plans for the Brac’s tourism productImagine peacefully floating hundreds of feet over Cayman Brac in an aerial tram, looking beyond the scenic view of the Bluff and seeing crystal blue water stretching out endlessly in all directions.
- Digital age creates new challenges for criminal investigations and prosecutionsThe knock-on effect this has for the investigation and prosecution of crime cannot be overstated, says director of public prosecutions Patrick Moran. “It is very hard to imagine a criminal investigation in which digital evidence will not at some stage come into play.”
- Blockchain: Fintech company looks to expand operations to CaymanJun Hasegawa, founder and CEO of Omise Holdings’, a Southeast Asian payments provider visited the Cayman Islands in April to explore opportunities to expand the company’s operations.
- Law: Long overdue — Judicial guidance on Cayman’s dangerous dogsIn addition to licensing and registration requirements with the Department of Agriculture, owners are responsible not only for the welfare of their animal, but also for the welfare of others, including other animals, who may come into contact with it. Some contact is inevitable and, while most will be benign, there are some cases that […]
- The Luxuries in LifeIf you feel like treating yourself, or you just happen to have extra thousands of dollars burning a hole in your pocket, you might want to consider a little luxury. Whether it is a possession or experience, these items certainly fall into that category.
- Cryptocurrencies: Crypto hedge funds attracted new money despite bitcoin losses in 2018Crypto hedge funds managed to grow their assets under management threefold in 2018 despite the difficult market conditions last year.
- Globalisation: The shifting sands of the global economyIn an age of on-demand media, flashing stock market tickers and minute-by-minute market commentary, it is easy to forget that real shifts in underlying economies happen at a comparatively much slower pace.
- Life’s little luxuriesIf you feel like treating yourself, or you just happen to have extra thousands of dollars burning a hole in your pocket, you might want to consider a little luxury. Whether it is a possession or experience, these items certainly fall into that category.
- Critical evaluation prompts renewed anti-money laundering pushIt had been Cayman’s worst kept secret for months. When the Caribbean Financial Action Task Force eventually published its evaluation of the islands’ anti-money laundering regime in March, few were surprised by the criticism.
CAYMAN FINANCIAL REVIEW
Investments in mortgage-backed debts carry reduced risk in light of the special protections afforded to collateralized claims. Second-lien investing, however, is subject to enhanced risk due to the greater likelihood of collateral value insufficiency.
American regulators have recently been scrutinizing financial institutions’ internship programs for potential violations of the Foreign Corrupt Practices Act.1 The United States Securities and Exchange Commission recently announced its first internship-related FCPA settlement with Bank of New York Mellon Corp.
One potential mechanism to improve their AML systems is through the Inter-American Development Bank’s technical cooperation RG-T2224. It provides a grant to support member countries in their efforts to prevent money laundering and terrorist financing, in compliance with the new FATF standards.
The number of oil rigs in the United States quickly fell by more than 50 percent. The magnitude and speed of the collapse was rivaled only by the 1986 OPEC shock and the 2008 financial crisis.