As the coronavirus lockdown impacted the economy, the community has rallied to provide meals and groceries to those in need, with many residents taking time to show their appreciation to those on the frontlines.
Since the coronavirus crisis hit the Cayman Islands, essential workers have risen to the task. Doctors, nurses and healthcare workers, along with police and emergency personnel, are putting their lives on the line to ensure everyone’s health and safety.
FTS Cayman Islands is hosting a webinar on COVID-19, anti-money laundering and risk management, covering new FATF COVID-19 AML guidelines, cybersecurity risks and updates from the Financial Reporting Authority.
A group of children from Cayman’s Indian community, ranging in age from just one month to 12 years old, recently created signs (with some assistance from parents) to say “thank you” to all those who are working on the frontlines.
Cabinet has approved that the Ministry and the Department of Tourism waive the 13% tourist accommodation tax from 1 April to 30 Sept. Surcharges for late payment of tourism taxes for the months of February and March 2020 will also be waived.
Cayman National Bank has announced the extension of the optional three-month loan deferral first announced in March. The bank offers clients in good standing the opportunity to waive up to three months of loan payments.