Home Topics Department of Commerce and Investment

Topic: Department of Commerce and Investment

Anti-money laundering: Finding the right balance

After a CFATF report criticised Cayman’s anti-money laundering framework in March 2019, several professions and businesses found themselves for the first time directly subjected to AML laws and regulations.

DCI launches online compliance system for non-financial businesses

The Department of Commerce and Investment has launched a new online system for so-called Designated Non-Financial Business and Professions (DNFBPs).

DCI appoints head of business services and licensing

Jessica Pawlik is the new head of business services and licensing in the Department of Commerce and Investment.

DCI asking for patience with trade and business licensing delays

A growing number of trade and business licence applications is causing processing delays at the Trade and Business Licensing Board. The Department of Commerce and...

Trade and business licensing fees temporarily waived

Commerce Minister Joey Hew announced that government has approved regulations that will waive the payment of trade and business licensing application fees from 1 May to 31 July. In addition, late fees from 1 March to 31 July will be waived for all applicants.

Registration deadline for property developers

The Department of Commerce and Investment is reminding property developers that the deadline to register as a Designated Non-Financial Business and Profession for anti-money laundering purposes is Wednesday, 30 Oct.
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.

DCI receives human resources gold accreditation

The Department of Commerce and Investment has been awarded the Investors in People Gold accreditation.

Masses of seaweed invade Cayman shores

Weeks after government workers cleared 200 tons of sargassum from Grand Cayman’s coastlines, the invasive seaweed has returned to the island.

DCI holds AML workshop for jewellery dealers

The Department of Commerce and Investment hosted a training session for dealers in precious metals and stones on Thursday, 15 Aug

Officers check liquor-licensed premises

On Friday, 19 July, police officers joined with staff from the Department of Commerce and Investment and the Cayman Islands Fire Service to conduct checks of liquor-licensed premises in George Town.
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.

DCI closing early Wednesday

The Department of Commerce and Investment issued a public notice that their office will be closed on Wednesday, 31 July, at 3pm, to facilitate a staff meeting.
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.

DCI to close early on Friday

The Department of Commerce and Investment is advising the public that its office will close early on Friday, 21 June.
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.

DCI to help estate agents, dealers with mandatory registration

The Department of Commerce and Investment will host half-day workshops to help real estate agents and brokers, and dealers in precious metals and stones with government’s mandatory registration process.
An aerial view of the business area of downtown George Town, Grand Cayman

New anti-money laundering regulations come into force May 1

The Department of Commerce & Investment is introducing four new board policies as part of effective anti-money laundering regulation.

DCI director wins annual head of department award

Department of Commerce & Investment Director Ryan Rajkumarsingh has won 2018’s Head of Department of the Year Award for the Ministry of Commerce, Planning and Infrastructure.
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.

Dept. of Commerce and Investment office closure

The Department of Commerce and Investment will close at midday Friday, March 22, to facilitate a staff function. The department will resume normal business hours on Monday, March 25.

Boggy Sand Beach vendor defends chair rentals

A tour operator who rents beach chairs to cruise tourists on a stretch of beach in West Bay says the beach land belongs to his family and that all the necessary business licenses have been obtained, after a Facebook photo of the sun loungers and umbrellas led to criticism of the venture on social media.

Blanket liquor extension for licensed premises

The Liquor Licensing Board has approved a blanket extension for bars, nightclubs, restaurants and hotels for New Year’s Eve.
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.

Department of Commerce and Investment to close early on Dec. 14

The Department of Commerce and Investment (DCI) will close early, at noon on Friday, Dec. 14, 2018 to facilitate its staff Christmas luncheon.
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.

Authorities target noisy unlicensed events

Police and enforcement officers from the Department of Commerce and Investment are cracking down on unlicensed events in George Town that have prompted neighbors to complain about excessive noise and nuisance in recent weeks.

Department of Commerce and Investment pitches in for citizen in need

The Department of Commerce and Investment found a way to come to the rescue of a Cayman citizen.
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.

Trade and Business Licensing Board announces holiday hours

The Trade and Business Licensing Board will hold its last meeting of the year on Dec. 12. Meetings will resume in 2018 on Jan. 9, the Department of Commerce and Investment announced Friday.

Small Business Association hosts expo

The Cayman Islands Small Business Association organized an expo featuring 20 vendors and several government departments at the Sir Vassel Johnson Hall in the University College of the Cayman Islands on Oct. 21.

Anti-money laundering workshop held for jewelers, real estate companies

With the Financial Action Task Force set to evaluate Cayman’s safeguards against money laundering and terrorist financing in less than two months, the Department of Commerce and Investment held a workshop on Thursday to let designated non-financial businesses know their reporting obligations.

Charge withdrawn against business operating on public beach

Three defendants’ court cases have been affected by a recent grant of permission to operate a business on the public beach.

Another twist in ‘untenable’ liquor license situation

The six-month saga of a Red Bay convenience store’s efforts to obtain a license to sell alcohol on Sundays took another odd twist late last week when a government employee suddenly appeared at a local lawyer’s office with a $1,000 check.

Internal document: Liquor Board approved Sunday alcohol sales at Peanuts

An internal document from the Department of Commerce and Investment appears to confirm that the Liquor Licensing Board granted permission to Red Bay convenience store Peanuts to sell alcohol on Sundays.

New confusion in Liquor Board controversy

Lawyers acting for Peanuts convenience store have written to the Liquor Board of Grand Cayman seeking clarification over a new notification from the board which suggests that the business was granted a liquor license to sell alcohol on Sundays.
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.

Liquor board: Two sets of minutes, two different stories

During its controversial March meeting, the Liquor Licensing Board of Grand Cayman granted an application from a gas station to sell alcohol on Sundays and, further, agreed that all gas stations that applied could obtain similar permission, according to an original set of minutes obtained by the Cayman Compass.

Government orders auditor to probe liquor board actions

Government has ordered an independent inquiry into the liquor board’s handling of an application from a gas station to serve alcohol on Sundays. The inquiry follows reports and an editorial in the Cayman Compass highlighting concerns over an application from Peanuts convenience store at the Red Bay gas station for a “retail license.”
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.

Need a beer on Election Day? Buy in advance

The Cayman Islands will be “dry” on Wednesday – no alcohol sales are allowed – between 7 a.m. and 7 p.m. as per the Elections Law.
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.

Department of Commerce and Investment to close early Jan. 18

The Department of Commerce and Investment, including its Business Licensing Counter on the first floor of the Government Administration Building, will close at 3 p.m. on Wednesday, Jan. 18, for a staff meeting.
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.

No Business license meetings for a month

People seeking new trade and business licenses or renewals are advised to submit applications by the end of this month if they want their applications processed before 2017, according to the Department of Commerce and Investment.

Public Beach vendors fined $500, vow court fight

A number of unlicensed vendors operating on Grand Cayman’s Public Beach were fined $500 last month and told to pay up or go to court.

Caymanian trainee Stephanie Adolphus admitted as attorney-at-law

CIIPA invites all to annual gala; IP Office stages enforcement training for copyright law; and Caymanian law trainee admitted as attorney-at-law

Licensed premises urged to renew licenses

There has been a slow trickle of liquor license renewal applications arriving at the Department of Commerce and Investment, prompting the department to remind licensees that the Friday, Aug. 19 deadline is looming.

Business in brief: DCI processes police clearances for business licenses

CUC declares dividend; New Walkers attorney admitted to Bar; Appleby shortlisted for 2017 IFC Caribbean Award and more.

EDITORIAL – Dressing up our illegal beach vendors

As regular readers of this editorial column are aware, we don’t normally advocate for the nationalization of a private sector industry. But hear us out …

Deadline for unlicensed vendors nears

Trade officers with the Department of Commerce and Investment have issued warnings to 36 unlicensed businesses who operate on public land.

Business in Brief: CUC appoints new vice president

Early liquor licensing renewals encouraged; Harneys admits Caymanian lawyer to Bar; Maples and CIASA continue partnership for swimmers; Appleby awards 2016 student scholarships

Anti-money laundering review to include jewelry, real estate

A bill that will seek to prevent money launderers and terrorist financiers from using non-financial services-related businesses in the Cayman Islands to carry out their illicit deeds is expected to come before lawmakers in the fall, Financial Services and Commerce Minister Wayne Panton confirmed this week.

Unlicensed Seven Mile Beach vendors told to close or face fines

Warning citations were handed out to more than a dozen vendors along Seven Mile and West Bay Public Beaches over the past week as the Department of Commerce and Investment responded to long-standing complaints about unlicensed or even dangerous activities in the popular tourist areas.

New enforcement staff join commerce department

Four new staff members have joined the Department of Commerce and Investment over the past month to bolster business licensing enforcement and customer service, according to the department.

Public meeting to explain new Trade and Business License Law

The Ministry of Financial Services is hosting a public meeting Thursday night to explain the requirements of the new Trade and Business Law.

Business in Brief: Fabrilink SEZC offers international training opportunity for Caymanians

Special economic zone company Fabrilink SEZC, a wholly owned subsidiary of global manufacturing company Fabrinet, has announced plans to establish an engineering design center...

This week