Topic: Cayman National

Cayman National announced it is making a US$80,000 donation to support ongoing relief efforts in Jamaica following Hurricane Melissa.

The former president of Cayman National Bank was unfairly dismissed after raising questions over the potential sale of the business, the Labour Tribunal has ruled.

Butterfield, Cayman National and RBC Royal Bank are implementing measures to provide financial relief to clients impacted by the COVID-19 health crisis.

After a spirited debate on Tuesday night, shareholders of Cayman National Corporation Ltd. voted to remove a restriction on anyone owning more than 10 percent of the local bank’s stock.

Cayman National, which is sponsoring the Botanic Park’s Children’s Garden project, recently made a donation toward constructing the Water Play Zone feature of the site.

Officials from the Ministry of Financial Services and the Cayman Islands Monetary Authority held a second round of talks in Washington, D.C., in December about the danger of U.S. banks severing their business ties with banks in the Caribbean.

Police are on the lookout for two people who attempted to rob a money transfer vehicle Saturday night outside Cayman National Bank on Elgin Avenue.

The Cayman National Bank branch on Cayman Brac was recently dedicated to former bank chairman Benson Ebanks.

Cayman National Corp. has announced the payment of an Interim Dividend of 5 cents per share. This dividend will be paid on Wednesday, Oct. 12, to shareholders of record as at Oct. 11, 2016. Stuart Dack, president and CEO, said, “The last year or two have been challenging, but Cayman National is now strongly profitable again.”

The Cayman Tennis Federation schools outreach program continues to elicit a lot of excitement from district primary students.

In their guilty plea in a U.S. court on Wednesday, Cayman National Trust and Cayman National Securities admitted to encouraging U.S. taxpayer clients to open accounts in the name of sham trusts and sham companies in the Cayman Islands to conceal their beneficial ownership of these accounts.

The pair of stories that lead today’s newspaper not only do damage to Cayman’s image as a transparent and well-regulated financial jurisdiction, but also challenge the substance of that assertion.

Cayman National Corp.’s affiliated trust and securities management businesses conspired with American taxpayers to hide US$137 million in assets managed by those companies from the U.S. Internal Revenue Service, according to a guilty plea to tax evasion conspiracy allegations recorded Wednesday in Manhattan.

Two investment and trust management companies affiliated with Cayman National Corporation pleaded guilty Wednesday in U.S. federal court to conspiring with American taxpayers to hide about US$137 million in accounts managed by those companies from the U.S. federal tax authority, the Internal Revenue Service.