Topic: MoneyGram
Money-transfer businesses resume service
Dozens of residents gathered at the crack of dawn throughout Grand Cayman for the reopening of money remittance services after a six-week closure.
Money-transfer services to resume
Some money remittance services could be given the green light to reopen their doors as soon as next week Monday.
Correspondent relationships falling as banks shun risk
Banks that are concerned about falling afoul of anti-money laundering regulations cut their correspondent relationships by 6 percent worldwide between 2011 and 2016. The number of active correspondent banks for U.S. dollar and euro transfers fell even further, by 15 percent.
Cayman internet fraud report sets off worldwide probe
Two Cayman Islands residents who thought they were buying a relatively cheap Toyota RAV4 online ended up getting scammed for $3,000. However, their report of the crime to the RCIPS in October 2014 ended up becoming part of an international criminal investigation that led to a West African man being sentenced in Indiana.
‘Biggie’ Rankin passes away at 71
Businessman Kent Rankin passed away Monday evening at his home in Bodden Town after battling cancer for two years. He was 71 years old.
Forum: Region needs cash-transfer rules
A forum with government and private sector representatives from around the region last week called for a Caribbean-wide effort to deal with U.S. banks “de-risking” and pulling out of doing business with cash transfer companies and other financial institutions around the region.
