Topic: André Ebanks
Cayman hits record 30,000 registered investment funds
The Cayman Islands has reached a financial milestone as a global leading investment funds centre by registering a record 30,000 funds.
Trademark law changes in the works to reduce fees
Cayman's trademark law is set to be undergo an update that could see the removal of fees in a bid to support Caymanian entrepreneurs and creatives.
Foster families see first stipend increase in years
For the first time in nearly a decade, the Cayman Islands Government has increased the stipend amount paid to foster families.
Cayman in talks with US power brokers over financial services future
Financial services leaders met with US lawmakers, journalists and regulators in New York and Washington DC this month as part of an ongoing charm offensive to protect the often maligned image of Cayman's key industry.
Rent, food and internet benefits increased amid cost-of-living crisis
Large increases to benefits payments for rent, utilities and food as well as new stipends for phone, internet and transport have been pushed through to help Cayman’s most vulnerable cope with the rising cost of living.
House passes Merchant Shipping Act overhaul
The Merchant Shipping Bill, 2023 was passed unopposed in Parliament on Tuesday, with Minister of Commerce André Ebanks, who presented the bill, noting the importance of the updated legislation with the Cayman Registry holding 60% of the world’s yachts.
West Bay Church gets $450,000 grant for hurricane shelter project
The long-under-construction Church of God Chapel in West Bay has been given a $450,000 grant from the Ministry of Social Development to help it complete a designated emergency shelter.
Gov’t quietly shuts down InvestCayman operations
InvestCayman, touted as the promotional agency to draw investors to the Cayman Islands, has been quietly dismantled by government without any official announcement.
Cayman removed from UK anti-money-laundering risk list
Following its removal from the global Financial Action Task Force anti-money-laundering list in October, the UK has removed the Cayman Islands from its list of high risk jurisdictions and the European Union is in the process of doing so.
Feedback sought on Merchant Shipping Bill
The new Merchant Shipping Bill, which government says aims to provide a modernised maritime legislative framework, has been gazetted, with a 28-day public consultation period.
Cayman money-laundering grey list decision due this week
Financial Services Minister André Ebanks is in Paris, France, this week to find out first hand if Cayman's efforts to combat money laundering have been enough to get itself removed from the Financial Action Task Force grey list.
Internships to bridge gap from welfare to work in overhaul of government aid
Able bodied adults receiving financial assistance will be linked with internships to help them get back to work as part of sweeping changes to the welfare system in the Cayman Islands.
Reforms aim to ‘transform’ financial assistance in Cayman
Cabinet has approved the publication of regulations that will pave the way for reforming Cayman's financial assistance programmes and their management.
Cayman to open Singapore office before end of year
Cabinet has approved setting up a Cayman Islands office in Singapore, which is expected to be operating by the end of this year.
Cayman one step closer to removal from money laundering ‘grey list’
A working group under the Financial Action Task Force on Friday completed an on-site visit to the Cayman Islands, which Financial Services Minister André Ebanks called a 'consequential step' toward removing the jurisdiction from the FATF grey list.
Transparency law could open up Cayman company ownership information
Companies operating in the Cayman Islands could soon be required to make details of their ‘beneficial ownership’ public under draft legislation published this week.
The...
Gov’t approves extra cash for seafarers and recipients of long-term financial assistance
Government has increased the seafarers and veterans ex gratia benefit as well as long-term financial assistance by $300, taking monthly benefits to $1,250.
Sir Turtle logo creator Suzy Soto honoured
The Cayman Islands Intellectual Property Office (CIIPO) hosted a reception at the National Gallery to honour Suzy Soto as the creator of the Sir Turtle trade mark.
Legislative changes proposed to strengthen CIMA’s AML enforcement, information sharing
The Ministry of Financial Services has released seven bills proposing to strengthen the Cayman Islands Monetary Authority's (CIMA) powers to apply proportionate and dissuasive sanctions to all types of legal persons under its supervision.
FATF needs to see money-laundering sentencing to delist Cayman
The Financial Action Task Force has expressed concern that the Cayman Islands has not yet fulfilled an agreed action plan to remedy deficiencies in its anti-money laundering regime and said it will consider next steps, if all conditions are not met by June 2023.
Cayman Finance breakfast briefing returns to New York
After a three-year hiatus due to the pandemic, Cayman Finance returned to New York to host a breakfast briefing and reinsurance roundtable events.
Cayman updates FATF on last remaining AML issue
A Cayman Islands delegation has updated a Financial Action Task Force (FATF) review group on local money-laundering investigations and prosecutions, to demonstrate the jurisdiction's capability and capacity for fighting financial crimes.
Financial services minister addresses Captive Forum and CFATF plenary
The Ministry of Financial Services and Commerce rounded off its November engagement by addressing local and international stakeholders at last week's Cayman Captive Forum and the 55th Caribbean Financial Action Task Force (CFATF) plenary.
$8 million over 5 years for national ID system rollout
Government's proposed national identity card and digital register is likely to cost around $8 million over a five-year period; however, Innovation Ministry acting Deputy Chief Officer Charles Brown says Cayman will save double that amount through an efficient rollout.
Financial services minister addresses EU Parliament subcommittee
Minister for Financial Services André Ebanks discussed how the Cayman Islands cooperates on tax matters globally, and specifically with the EU, during a meeting with EU members of parliament on Monday.
Cayman remains on FATF grey list
The Cayman Islands remains on the Financial Action Task Force's grey list of 23 countries or jurisdictions that are subject to increased monitoring by the global anti-money laundering and terrorist financing watchdog.
MPs vote to overhaul ‘hopelessly out of date’ social welfare system
Lawmakers have approved a new Financial Assistance Act to replace the six-decade-old Poor Persons Relief Act, which Social Development Minister André Ebanks has described as inadequate and "hopelessly out of date".
‘Landmark’ law a first step in sweeping welfare reform
A proposed new law seeks to provide broader support for families in need in the Cayman Islands. The Financial Assistance Bill aims to replace out dated and inadequate legislation underpinning the island’s welfare system.
$1.74 million spent on housing repairs as demand grows
Government spent more than $1.74 million on housing repair assistance during a three-month period last year, with the bulk going to residents in the PACT-controlled West Bay districts.
Minister looks to jobs of the future
Healthcare, the digital economy and environmental and social governance investing have been highlighted as key industries for Cayman’s future.
Insights gained at Swiss conference will inform Cayman on digital economy
A Cayman Islands delegation that attended the Point Zero Forum in Switzerland in June has reported that the conference has helped gain a better understanding of the global view of the digital economy and sustainable finance, as well as a better appreciation of Cayman’s strengths and opportunities in these areas.
Government bill introduces capital redemption contracts
The Minister of Financial Services André Ebanks is expected to table amendments to the Insurance Act in parliament on Wednesday, 8 June, that will introduce capital redemption contracts.
Minister hints at forthcoming financial services legislation
Financial Services Minister André Ebanks has indicated several pieces of proposed legislation will be released later this year as part of Cayman’s effort to innovate and modernise its financial services offering.
Coffee chain perks up George Town
The revitalisation of George Town has received a burst of caffeinated energy after the opening of a new Starbucks in the town centre Tuesday.
Ministry of Investment pays Cayman Finance $350,000 for promotions
The Ministry of Investment, Innovation and Social Development has announced a strategic partnership with Cayman Finance to promote Cayman as a financial services jurisdiction.
Year in review: 136 countries agreed global corporate tax reform deal
In October, 136 countries, representing 90% of global economic output, agreed to reform the international corporate tax system and impose a 15% tax rate on the largest multinational enterprises from 2023.
Financial services minister in talks with EU and UK representatives
The Minister for Financial Services and Commerce, André Ebanks, met with decision-makers in the UK and the EU on financial services and climate change issue at the ninth Joint Ministerial Council (JMC) meeting in London.
Government helps create green fund to fight climate change
Government has joined global efforts to combat the threat of global warming by adding up to $25 million in seed funding to a new investment fund that will invest in climate change mitigation technologies and businesses.
Government seeks input for beneficial ownership revamp
Government is inviting public comments on its proposals to reshape Cayman’s beneficial ownership legislation, including by creating a single act to make the legislation more effective in fighting crime.
Financial services conference to tackle Cayman’s strategic outlook
Spectrum, a new annual conference, will focus on the medium-term future of Cayman’s financial services industry.
Nicholson-Coe and Ebanks face off during Crosstalk district debate
West Bay South candidates Raul Nicholson-Coe and André Ebanks squared up on Wednesday's eighth Cayman Crosstalk district debate.
Nicholson-Coe and Ebanks are both independent candidates...
Crosstalk debate: West Bay South candidates face off
Crosstalk host Barrie Quappe welcomes West Bay South candidates Raul Nicholson-Coe and André Ebanks to talk about the upcoming election and answer questions about voter’s top issues.
Former head of Cayman’s UK office to run in West Bay South
André Ebanks, who until recently was the Cayman Islands representative to the UK and Europe, has officially declared he intends to run for office as an independent for West Bay South.
Acting head appointed for Cayman’s UK office
Charles Parchment has been appointed Cayman's acting representative in Britain, after the former head of the Cayman Islands Government Office UK, André Ebanks, resigned, reportedly to run for local office.
The Resh Hour with André Ebanks
The Resh Hour with Cayman UK representative Andre Ebanks on the role of the Cayman Islands Government in the UK, and recent changes to travel entry.
COVID cooperation points to Cayman’s post-Brexit relationship with UK
Andre Ebanks, Cayman’s government representative in the UK, believes the level of cooperation between Cayman and the UK during the COVID pandemic should form the basis for their future relationship.
Cayman to lay wreath in UK for Remembrance Day
Cayman’s UK and Europe Representative Andre Ebanks will be among British Overseas Territories personnel laying wreaths at Sunday’s National Service of Remembrance in London.
André Ebanks named to lead London office
André Ebanks will soon become the most senior Cayman Islands official in the United Kingdom.
Gender Affairs Unit bolsters Honouring Women Month
Andre Ebanks, deputy chief officer of the Ministry of Community Affairs, presents the Family Resource Centre’s programme facilitator Anne-Marie Diaz with a cheque for $9,000 on behalf of the ministry’s Gender Affairs Unit.
Cayman prepares for Honouring Women Month
The Ministry of Community Affairs’ Gender Affairs Unit has donated $9,000 to the Family Resource Centre to help pay for activities to mark the 20th anniversary of the observance of Honouring Women Month in the Cayman Islands.
More consultation planned on welfare reform
With the Public Accounts Committee poised to review an Auditor General’s report highlighting lack of action on welfare reform, officials have released details of plans for another round of consultation on the issue.
For $12,500 a month, Cayman gets voice in US tax debate
As lawmakers in the United States gear up to debate President Donald Trump’s proposed overhaul to the country’s federal tax system, government has hired a multinational law firm to advocate for the Cayman financial sector in Washington D.C.
