Topic: Western Union
Police investigating armed robbery in George Town
Officers responded to a robbery at the Western Union in the Small Deals Outlet, in George Town, on 12 Dec.
Cuba says US sanctions to end remittances, Western Union says not so fast
Cuba said late on Tuesday Western Union would have to shut down its operations on the island due to new U.S. sanctions, thereby cutting off key remittances, but the money transfer firm said it was still exploring ways to comply with the new rules.
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.
Cayman-designed schooner gets overhaul to stay afloat
One of the oldest and most durable examples of Cayman craftsmanship is getting a face-lift.
Charity scam reported to financial crime unit
The Royal Cayman Islands Police Service Financial Crime Unit is warning the public about an attempt to defraud a local charity.
Western Union allows cash transfers to Cuba
People in Cayman can now transfer cash to Cuba, officials with Western Union and GraceKennedy Money Services announced Thursday.
Remittances dropped sharply last year
In 2015, the amount of money being sent overseas as remittances dropped by US$10 million over the year before. Many expats, especially low-wage workers, were shocked when they no longer had easy access to send cash home. However, the situation has improved, with Western Union and the other cash transfer companies back open and accepting local currency.
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.
