More than 600 suspicious activity reports of potential money laundering and other financial crimes were made between July 1, 2016 and June 30, 2017, according to the Financial Reporting Authority’s 2016/17 annual report.
The construction site just east of Health City Cayman Islands teemed with workers Tuesday as project developer Gene Thompson took reporters, legislators and members of the public on a tour of the area.
Opposition members spent most of Thursday morning’s Legislative Assembly session asking government officials about what they have done to address deficiencies in the Cayman Islands Health Services Authority procurement system, which led taxpayers to spend $1.5 million for nothing during the CarePay contract debacle between late 2011 and mid-2012.
United States Secret Service Agent Paul Adie passed out a stack of counterfeit U.S. bills to a roomful of bankers, businesspeople, and government employees Wednesday at the Cayman Islands Chamber of Commerce and Visitors Center.
Liberty Global, the parent company of Flow and Cable & Wireless, plans on separating its Caribbean and Latin American businesses into a separate corporate entity by the end of the year, the telecommunications company announced in recent U.S. Securities and Exchange Commission filings.
The events surrounding Cayman’s first fatal police shooting in at least three decades were described in graphic detail last week at a Coroner’s Inquest, which ended Friday. A jury unanimously found the Jan. 6 killing of Jamaican national Norval Barrett was a lawful death.
Police involved in the Jan. 6 fatal shooting of armed Jamaican suspect Norval Barrett have had their lives threatened by people affiliated with Barrett, according to evidence given at a coroner’s inquest on Tuesday.
Health, Environment and Culture Minister Dwayne Seymour spent more than three-quarters of his roughly two-hour contribution to the budget debate touting the recent accomplishments of his ministries, admitting in his remarks that “much of this work was initiated prior to my recent victory and appointment as minister.”
Cable & Wireless’ parent company, Liberty Global, recorded operating losses of around US$202 million in its Latin America and Caribbean markets during the third quarter of this year, due in large part to damage wrought by Hurricanes Irma and Maria, according to the company’s Q3 financial results.
An international stock trading platform is disputing a Cayman Islands Monetary Authority attempt to obtain records from the company – records the company claims it does not have – for an ongoing investigation in Australia.
Despite improvements being made over the last several years, government still does not properly plan or budget its major capital projects, which could mean that the costs of those developments could be underestimated by a “significant” amount, according to a report released last week by the Office of the Auditor General.
Cayman Islands Health Services Authority officials appeared at the Legislative Assembly’s Public Accounts Committee meeting for the second time this month on Tuesday to answer questions about their efforts to collect millions of dollars of debt, and to be grilled about the qualifications of its top officials.