Michael Klein, Photo-Journalist
Michael Klein, Photo-Journalist

Michael Klein

Editor

Pinnacle Media Group Ltd
PO Box 1365 GT
Grand Cayman KY1-1108

T: 345-815-0064
E: [email protected]

ARTICLES BY MICHAEL KLEIN

Alvarez & Marsal launches Cayman office to expand insolvency offering

Professional services firm Alvarez & Marsal has opened an office in the Cayman Islands. The firm will provide a full service offering for alternative investment restructuring for corporations, institutional investors, hedge funds and private equity firms.

Premier: Cayman ‘will not be bullied’

Premier Alden McLaughlin has criticized the U.K. Foreign and Commonwealth Office (FCO) as being “disingenuous” in regard to the Cayman Islands’ cooperation with British law enforcement, in a statement issued Monday afternoon.

Conflict between UK, Cayman over financial investigations

The National Crime Agency, the U.K.’s equivalent of the FBI, has claimed it is not getting the information it needs from the Cayman Islands in its anti-money laundering and criminal investigations.

Star strives for cleaner oceans

Next time you go diving or snorkeling, leave your underwater camera behind and take a mesh bag to collect bottles, fishing lines, bits of plastic and other trash that you find.

Armour Expo dispels cybersecurity myths

“We are using antivirus protection,” “Our IT department is taking care of it,” “We have lots of internet security tools” and “We are not connected to the internet or the internet of Things” and therefore “we are secure” are some of the perceptions that were shattered at this year’s Armour Expo conference.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Hedge funds struggle as asset weighted returns turn negative for the year

Despite record-high industry assets under management of about $3.2 trillion, the hedge fund industry is struggling.

Finance minister lauds Cayman’s credit rating

Minister of Finance Roy McTaggart said the latest government credit rating of the Cayman Islands reflected “confidence in our country’s economic, fiscal and institutional strengths,” when he presented the assessment by rating agency Moody’s in the Legislative Assembly last week.

Crown Dependencies consult industry on substance legislation

The governments of Jersey, Guernsey and the Isle of Man are asking businesses for their views on proposed new legislation that will require certain tax-resident companies to demonstrate they have sufficient substance.

New rules shake up anti-money laundering services

Cayman’s fund industry is facing significant changes under new regulations to fight money laundering and the financing of terrorism.

Duty-free allowance to rise to $500

Returning from a trip abroad and clearing customs has not only become quicker after the scrapping of customs forms for passengers who have nothing to declare; it will also become cheaper following an increase of the personal duty allowance from $350 to $500 per person.

Unemployment rate drops to pre-financial crisis level

Unemployment in the Cayman Islands has dropped to levels last seen before the financial crisis.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

IRS tax amnesty program to end this month

The Internal Revenue Service reminded U.S. taxpayers that they have until Sept. 28 to apply for the Offshore Voluntary Disclosure Program (OVDP).

Artificial intelligence portal launches in Cayman’s Tech City

NeuralStudio SEZC, a technology startup based in Cayman’s special economic zone Cayman Tech City, is offering machine-based learning models to global businesses.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Hedge funds show weakest returns since 2008

Hedge funds returned on average 0.43 percent during the first seven months of 2018, the worst performance since 2008 when hedge fund returns declined 0.23 percent during the same time period, according to data provider Eurekahedge.

Vistra buys Deutsche Bank’s corporate services in Cayman

Global corporate services provider Vistra has completed the acquisition of the corporate services business of Deutsche Bank’s Global Transaction Banking division in Cayman.

JOURNAL: Cryptocurrencies no threat to financial stability, yet

Cryptocurrencies are currently not a threat to financial stability, according to the Financial Stability Board, a global regulator that advises the G-20 group of countries.

JOURNAL: Gov’t plans public consultation on ‘economic substance’ changes

When late last year, Cayman avoided being placed on an EU tax blacklist by committing to remedy, before the end of 2018, what the EU called a lack of economic substance of Cayman-based entities, few knew what exactly the Cayman Islands government had promised to do.

Cayman broker charged with securities fraud

The SEC has charged Cayman-based broker Oliver-Barret Lindsay together with a stock promoter and three others involved in a series of alleged penny stock fraud schemes that unraveled as a result of an FBI undercover operation and an SEC trading suspension.

Cayman’s reputational risk and blockchain

The Cayman Islands is facing somewhat of a dilemma. Although its regulatory regime is not tailored to cryptocurrencies, token offerings or distributed ledger technology, Cayman became home to the world’s largest initial coin offering this year.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Government plans electronic identification system

Proving one’s identity may soon become much easier for Caymanians. Government is currently working on consolidating disparate data sets across all departments.
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