High of 90 Low of 80 Smooth to slight with wave heights of 2 feet or less. EDITORIAL | PAGE 4 CUBAN MIGRATION: CAYMAN’S CONUNDRUM SPORTS | PAGE 15 YOUNG CAYMAN SAILOR WINS AWARD ESTABLISHED 1965 www.caymancompass.com – 50 CENTS – MONDAY AUGUST 28, 2017 $ $ Pensioners to get monthly cash boost Seamen, civil servants, veterans to get increased stipends JAMES WHITTAKER jwhittaker@pinnaclemedialtd.com Monthly stipends for elderly and dis- abled people, retired seamen and veterans will be increased dramatically over the next two years. The Cayman Islands government will also create a new “ex-gratia” payment to top up the pensions of long-serving retired civil servants who currently receive less each month than people on poor relief. Government has announced plans to in- crease poor relief payments from $550 per month to $650 per month in January and then to $750 per month the following year. The stipends for former seamen and war veterans, also currently $550, will increase by the same amounts during the same time frame. In its current budget, from June 2016 to the end of 2017, government indicated it ex- pected between 950 and 1,200 people to re- ceive poor relief payments at a cost of just over $9 million. A similar amount was budgeted for ex- gratia payments to 800 to 900 seamen, while $1.5 million was budgeted for 120 to 130 ex-servicemen. Premier Alden McLaughlin, delivering his strategic policy statement highlighting gov- ernment’s policy and spending priorities for the next two years, said the increased stipends fulfilled a campaign commitment to improve social service assistance. He said government was initially looking to make larger increases but had settled on the incremental raises out- lines as “affordable and sustainable.” “It is worthwhile noting that government also assists these individuals in many other ways – with medical costs, utilities and other benefits as well,” he said. Mr. McLaughlin also indicated govern- ment would add another ex-gratia payment for civil service pensioners, some of whom received less in their pensions than was pro- vided through poor relief. He said this would be a supplemental stipend for retired civil servants residing in Cayman with more than 10 years’ tenure. GOVERNMENT PROPOSES POLICE ‘COMMUNITY WARDENS’ KEN SILVA ksilva@pinnaclemedialtd.com When Police Commissioner Derek Byrne re- vealed plans last month to create a commu- nity police force of more than 30 officers in the Royal Cayman Islands Police Service, Pre- mier Alden McLaughlin stated his support for the initiative. “I am anxiously awaiting the commis- sioner’s plan, but I promise him that we are going to do whatever … we need to do to en- sure that he has the resources to be able to have dedicated beat officers in the key com- munities across Cayman where there are pe- rennial problems,” Mr. McLaughlin said at a July 26 community meeting in George Town’s Scranton neighborhood. However, the premier unveiled a different plan last week during his strategic policy statement in the Legislative Assembly. In- stead of establishing a community officer force, Mr. McLaughlin said he has asked Mr. Byrne to establish a unit of “community war- dens” who would be trained in “some” policing methods but would not have all the powers of a trained constable. Community wardens are used to varying degrees in multiple jurisdictions in the U.K., and typically have powers to do such things as control traffic, take names and addresses, and issue citations for low-level crime such as littering and graffiti. They are part-time paid positions in some jurisdictions, and unpaid volunteers in others. Record number of SARs filed in 2015/16 KEN SILVA ksilva@pinnaclemedialtd.com A record number of suspi- cious activity reports (SARs) of potential money laundering and other financial crimes were made between July 1, 2015 and June 30, 2016 according to the Financial Reporting Authority’s 2015/16 annual report. The 620 SARs represented a roughly 9 percent increase from 2014/15, and marked the fourth straight year the number of re- ports filed had increased, the Financial Reporting Authority stated in its annual report, which was tabled last week in the Legislative Assembly. The number of entities making those reports also in- creased from 116 in 2014/15 to 140 in 2015/16, with the plu- rality of reports (266) coming from the banking sector. Most of the reports involved suspected “suspicious activity” – typically reports on accounts showing activity that is out of line with the account holder’s expected level of income – while other reports suspected fraud, corruption, money laundering and “other” financial crimes. There were 1,257 suspects identified in the reports, 796 of them being “natural persons” and 461 of them legal entities. Seaweed covers South Sound beach Sargassum seaweed, which hits Grand Cayman’s coastline from time to time, is seen on the beach at South Sound, where it has been settling for a couple of weeks. Sargassum was also spotted in Bodden Town over the weekend. In June, Department of Environment Deputy Director Tim Austin said, ‘The eastern Caribbean usually suffers worse than us, but we get our fair share. There has just been more of it in recent years because of warmer ocean temperatures.’ – PHOTO: TANEOS RAMSAY PLEASE TURN TO PAGE 7 » PLEASE TURN TO PAGE 7 » PLEASE TURN TO PAGE 6 »2 LOCAL&REGIONAL MONDAY AUGUST 28, 2017 • CAYMAN COMPASS I Daily Matinees Every Day $8.00 Seniors, Mon-Fri Before 6pm Cayman Cinema@cbcinema6cbcinema6 *Additional charges will apply per 3D ticket requested. 640-FILM (640-3456) SATURDAY NIGHT: For your viewing pleasure, minors under the age of 18 will not be admitted to any film starting after 6pm, unless accompanied by their parent. - MONDAY - THE HITMAN’S BODYGUARD (R) 1:00 VIP I 4:25 I 7:25 VIP I 10:00 ANNABELLE CREATION (R) 1:45 I 4:05 VIP I 7:20 I 10:10 VIP DARK TOWER (PG13) 4:55 I 10:15 THE NUT JOB 2 3D (PG) 12:30 I 2:50 2D I 5:10 I 7:30 2D ALL SAINTS (PG) 1:25 I 4:20 I 7:00 I 9:45 GLASS CASTLE (PG13) 12:35 I 3:40 I 7:20 I 9:50 GIRLS TRIP (R) 2:00 I 6:40 I 9:35 Sentencing postponed in indecent assault case Crown to request conditions after release from prison CAROL WINKER cwinker@pinnaclemedialtd.com Errington Webster, found guilty of indecency charges in June, has had his sen- tencing hearing postponed until Sept. 14. Webster has been in cus- tody since a jury returned guilty verdicts on three counts of indecent assault on a girl who was 13 at the time, and one count of gross inde- cency. The girl recorded the indecent act on her cellphone and that video was part of the Crown’s evidence. On Thursday, Justice Charles Quin said the sen- tencing was not straightfor- ward. He indicated that Web- ster, 55, faced the possibility of a long term of imprison- ment, a cost order, and a re- quest for conditions after re- lease from custody. Crown counsel Darlene Oko, who conducted the prosecution’s case, said she would be making a request for what happens to Webster after he serves his sentence. One way of doing this was made possible by an amend- ment to the Penal Code, passed by the previous legis- lature on May 18. It provides that an application may be made to the court for a sexual harm prevention order. The court would have to be sat- isfied that the order is neces- sary to protect the public or a particular member of the public or to protect children or vulnerable persons. The sexual harm could be phys- ical or psychological. Such an order would pro- hibit the person who is be- fore the court from doing anything described in the order. It could include condi- tions that the court consid- ered necessary, such as pro- hibition of travel both within and outside these islands. The cost order relates to expenses incurred because Webster called an expert wit- ness who explained the de- fense of automatism – Web- ster acting involuntarily and being unable to exercise any control over his actions. This condition was said to have been brought about by the interaction of his blood pres- sure medication with grape- fruit juice and other ingre- dients in a “belly fat flush” drink he had been taking the day the girl took the video. Ms. Oko called a psy- chiatrist and a forensic tox- icologist to reply to this testimony. She is seeking re- imbursement to the Crown for these added costs. The hearing on Thursday began with defense attorney Steve McField advising the court that he was not going to continue with the matter. He said he had read the pre- sentencing reports and Web- ster was blaming him for ed- iting out evidence without Webster’s permission. “But that part of the evidence was completely inadmissible,” Mr. McField explained. Justice Quin said that as far as he was concerned, Mr. McField had conducted a vig- orous and proper defense, covering every point. He said nobody could criticize Mr. McField or Ms. Oko for the way they conducted their case. “You were extremely well prepared,” he told the defense attorney. At the end of the day it was for the jury to decide what they accepted and what they did not accept, the judge continued. From what he had read in the report, Webster was far more critical of the jury than he was of his at- torney. There was the com- plainant’s account and the defendant’s account – the jury had accepted the complain- ant’s account. “Subject to any appeal, that’s where we are today,” he summarized. “I would urge you to stay,” he told Mr. McField. The attorney said if he did, it would be on the court’s behalf. In any event, he had received the Crown’s sentencing submissions just the day before and so would need time to study them and respond. Justice Quin said the court was extremely grateful to have Mr. Mc- Field stay in the matter be- cause he knew the case better than anybody. The court would have to be satisfied that the order is necessary to protect the public or a particular member of the public or to protect children or vulnerable persons. Guatemalan president expels chief of UN anti-corruption commission GUATEMALA CITY (AP) – Gua- temalan President Jimmy Mo- rales announced Sunday he is expelling the head of a U.N. anti-corruption commission that is investigating the presi- dent’s campaign financing. A video posted on the gov- ernment’s Twitter site showed Morales declaring Ivan Velas- quez “non grata” and ordering him to leave the country im- mediately. He also announced he was firing Foreign Minister Carlos Raul Morales for failure to carry out the expulsion. Velasquez heads a 10-year- old commission of experts that has worked with Guatemalan prosecutors to root out corrup- tion in the country. It was key to bringing down former Pres- ident Otto Perez Molina, who was forced to resign in 2015 and remains in prison. Chief prosecutor Thelma Aldana, working with the U.N. commission, announced on Friday that she was asking the Supreme Court to recom- mend stripping Morales of his immunity from prosecu- tion in order to investigate fi- nancing of his 2015 campaign, when he ran on the slogan “Neither corrupt nor a crook.” If the court agrees, the deci- sion on immunity would be made by Congress. The prosecutor said Mo- rales had refused to account for more than $800,000 in campaign financing and had hidden his own party’s ac- counts. Velasquez said in the joint news conference with Al- dana that financing of some campaign expenditures could not be explained. Morales has repeatedly de- nied any wrongdoing. Some 2,500 people dem- onstrated in the capital on Saturday to demand Morales resign. Sunday’s move capped days of speculation that Morales would move against Velas- quez. The president had trav- eled to the U.N. last week to meet with Secretary General Antonio Guterres and the gov- ernment said topics included circumscribing the mandate of the anti-corruption commis- sion led by Velasquez. In Sunday’s video, Morales said he was acting “in the in- terest of the people of Gua- temala,” though he did not make any direct allegations against Velasquez. In May a Guatemalan judge ordered that the brother and son of Morales must stand trial on fraud charges. They allegedly submitted about $23,000 of false re- ceipts in a tax fraud scheme in 2013, before Morales took office. Both have maintained their innocence. Former President Perez Molina resigned along with his Vice President Roxanna Bal- detti in 2015 and both remain jailed awaiting trial on corrup- tion charges related to a mas- sive customs fraud scheme. They have also been inves- tigated for bribery and money laundering crimes stemming from a criminal graft network. Prosecutors alleged that Perez Molina received some $37.9 million from companies in re- turn for awarding construction contracts. He also allegedly ac- cepted a helicopter, a sports car, a plane and other gifts. Trials to be joined for guns, cash and drugs CAROL WINKER cwinker@pinnaclemedialtd.com Two men charged with firearm, drug and criminal property offenses will have their matters joined in a single trial later this year. Ralston Benjamin Ebanks, 41, appeared in Grand Court on Friday, when he pleaded guilty to three firearm offenses. He entered pleas of not guilty to four charges of pos- sessing criminal property – money – and conspiracy to supply a controlled drug. Named in the con- spiracy charge with him was Chadwick Cameron Ebanks, 40, who appeared in Grand Court on Aug. 11. Ganja, firearms and quantities of CI and U.S. cash were found by po- lice officers on July 6 at a residence in Mount Pleasant, West Bay. When Chadwick first appeared in court, he was described as the only oc- cupant of the premises where the police opera- tion took place. When Ralston first ap- peared in court, his charge sheet listed him as a resi- dent of George Town. Crown counsel Toyin Salako did not explain the relationship, if any, be- tween the two men. She did say that the applica- tion to join the matters was not being contested. Defense attorney Jonathon Hughes, who represented Chadwick, agreed. Attorney Philip Rule was present on behalf of Ralston’s at- torney, Nicholas Dixey. Ralston Ebanks pleaded guilty to posses- sion of an unlicensed .38 revolver, a Ruger semi- automatic handgun and four rounds of 9mm Ruger ammunition. He pleaded not guilty to possession of the cash found at the prem- ises on July 6 – CI$51,025 and US$12,000. He also pleaded not guilty to pos- session of quantities identi- fied on July 7 – CI$128,000 and US$89,000. When Chadwick Ebanks appeared in Grand Court earlier this month, he pleaded guilty to pos- session of two air pis- tols found at the premises. When a charge of pos- sessing a firearm “compo- nent part” was put to him, he pleaded guilty, saying it was for the air gun. Chadwick pleaded not guilty to being in posses- sion of the .38 revolver, the Ruger semiautomatic re- volver, four rounds of 9mm ammunition and one round of .38 ammunition. He also pleaded not guilty to pos- session of criminal prop- erty, a quantity of cash. When he initially ap- peared in Summary Court, he also faced a charge of possessing ganja with in- tent to supply. Justice Charles Quin set the joint trial for Dec. 5. Demonstrators put up a sign with a drawing of Guatemalan President Jimmy Morales during a rally in support of Ivan Velasquez, the head of a U.N. anti-corruption commission, in Guatemala City on Saturday. - PHOTO: APThe islands’ most-trusted news source 3 CAYMAN COMPASS • MONDAY AUGUST 28, 2017 HAVE YOU SNAPPED THE PERFECT PICTURE THAT SHOWCASES THE OCEAN OR OCEAN CONSERVATION IN THE CAYMAN ISLANDS? WE WANT TO SEE IT! C AP TURE YOUR OCEAN The Kenneth B. Dart Foundation and the Guy Harvey Ocean Foundation have teamed up to launch the fi rst annual Ocean Conservation Month Photography Competition in association with Pinnacle Media. Both amateur and professional photographers residing in Cayman are encouraged to submit one photo that best represents the theme of ‘ocean conservation’ in the Cayman Islands. Your picture must be: • Taken by you, in the Cayman Islands • Taken in, on or of the ocean • Landscape orientation Winners will have their pictures displayed in an outdoor exhibition in Camana Bay throughout November and will also have the opportunity to go on a shark-tagging expedition with preeminent wildlife conservationist, Dr Guy Harvey. To enter, log on to www.caymancompass.com/contests by the end of September and upload your picture. Full terms and conditions can be found on the website.The islands’ most-trusted news source 4 – EDITORIAL – Opinion&Letters The Cayman Compass welcomes comments, opinions and viewpoints from readers. Letters to the editor can be emailed to editor@pinnaclemedialtd.com, submitted via www.caymancompass.com, sent by post or hand-delivered to the Compass office. Cuban migrants arriving at Cayman’s water’s edge present a dilemma that to date has proven intractable: On the one hand, Caymanians are a compassionate people, sympa- thetic to the Cubans seeking a better life for themselves and their families. On the other, Cayman simply doesn’t have the resources to house, detain or assimilate these refugees into our small society. Consider the Cayman Compass investigation into the detention of Cuban migrants, published on the front page of Friday’s newspaper. The story focuses on Yoel, a 38-year-old father of three who boarded a handmade wooden boat in hopes of reaching Honduras and then traveling to the United States. Instead, in May 2016 his voyage ended abruptly in Grand Cayman, where for the past 15 months (and counting) he has been living in the Immigration Detention Centre. Like nearly all Cuban migrants, Yoel has applied for political asylum, triggering a complex and drawn-out process of adjudication. In the months leading up to the publication of Friday’s story, Compass journalist Kayla Young had been monitoring conditions at the center and conducting interviews with offi- cials and migrants, including Yoel, whose story stands out because he was partially blinded in one eye following an accident suffered while on a volunteer work assignment at Northward Prison. While in many ways safe and comfortable, the detention center (currently “home” to 38 migrants) was never designed to be a long-term residence for so many asylum seekers. Problems range from the lack of segregation of male and female “guests” to deficiencies in legal and translation support. It would be unfair to cast blame upon local officials. From what we have observed, individuals such as Head of the Gov- ernor’s Office Matthew Forbes, Prisons Director Neil Lavis, chief officer for immigration Wesley Howell and Deputy Governor Franz Manderson are operating in good faith to make the best of what is an untenable situation. At its most basic, Cayman’s Cuban migrant problem is this: Our tiny territory does not have the resources, population or infrastructure to accommodate hundreds of political refugees. In the course of our investigation, we have come up with several questions that may be worthy of consideration: • Is it necessary to house asylum seekers in a detention facility? According to international standards, asylum seekers should be detained only as a last resort — i.e. if there is specific reason to fear they may go into hiding or pose a threat to public safety. It may be as straightforward as allowing the migrants to come and go as they please from the existing detention center — a “tear-down-this-fence” solution. • Should Cayman’s problem with Cuban migrants actually be the U.K.’s problem? Cayman is a territory, not a sovereign nation. How can Cayman possibly grant any applications for political asylum, which by definition is an international issue? The U.K. signed on to the international conventions, and with that pen stroke, signed Cayman up for an agreement that we do not have the resources to honor. • Would a third nation be better able to welcome refugees? Currently, Cuban migrants who are granted asylum in Cayman also obtain permanent residency status. This clearly is not the intent of PR. We have significant concerns about the ability of these new residents (who have no resources, jobs or history in Cayman, and may have extremely limited English language skills) to assimilate into and contribute to Cayman society. Mexico, Honduras and the U.S. are just a few neigh- boring countries that have a far greater capacity than Cayman to absorb Cuban refugees, who never intended to end up in Cayman when they fled Cuba. Such arrangements would have to be brokered by the U.K., not Cayman officials. • Why isn’t Cayman’s Human Rights Commission asking these questions? The commission, chaired by local attorney James Austin- Smith, is charged with promoting the “understanding and observance of human rights in the Cayman Islands.” Yet the commission, and Commissions Secretariat Manager Deborah Bodden, have been unwilling — to the point of being impolite — even to offer meaningful comment on the Cuban migrant issue to the media. If the Human Rights Commission won’t get involved in what may be the most significant ongoing human rights issue in Cayman … why do we even have a commission? In talking with local officials, they seem to hope that Cayman’s Cuban migrant problem will resolve itself with the revocation of the U.S.’s “wet-foot, dry-foot” policy. In other words, that Cubans will stop showing up on Cayman’s doorstep. But hope is not a plan, and it doesn’t help Cayman’s overwhelmed governmental apparatus or the asylum seekers who are here today. Cuban migration: Cayman’s conundrum MONDAY AUGUST 28, 2017 • CAYMAN COMPASS LETTER TO THE EDITOR Be wary of changing shoreline Regarding the proposal to remove rocks on Seven Mile Beach, Dart Enterprises has been good to Cayman, and the Cayman Islands’ government has been excep- tionally good to Dart. English law is based on “precedent” and we must be very careful here. If we allow our coastline to be disturbed now, future developers will also get permission. Think wisely. We need Seven Mile Beach to remain the “Jewel of Cayman.” An alternative can be found. Why not relocate the Governor’s Residence to Frank Sound on the beach close to the channel? This would serve a good purpose, protecting the area with police. Also, consider moving the road back 250-300 feet in this area to create a second “Seven Mile Beach.” Ev- eryone would benefit. Government should give Dart the first option to con- vert the present Gover- nor’s Residence on Seven Mile Beach into a five-star family club hotel, instead of granting permission to re- move 1,225 feet of rock from the Seven Mile Beach area near the Kimpton Seafire. No one knows what adverse ef- fects that could have on our beautiful Seven Mile Beach. Nature knows best. Dart and government would have a hotel on the best part of Seven Mile Beach and the public would have use of the adjoining beach property. Government could maintain interest in the property “in perpetuity.” For example, government could own 40 percent of the land and hotel, with Dart owning the other 60 percent. Then partner with Cayman Airways offer packages and discounts. Interested busi- nesses could offer a discount. Cayman Airways could offer package customers a dis- count to Cayman Brac and Little Cayman. Material and furnish- ings would be supplied by Caymanians. Construction would be completed mainly by Caymanians. Hire as many Caymanians as pos- sible for work in the hotel. Don’t grant any monopolies for water sports, tours, etc. This will give the hotel a very high occu- pancy rate. If this is done, Cayman Airways will no longer need a subsidy of $20 million or more per year. Caymanians will be able to participate. This will make our people very happy. Should Dart decline, look for another partner. Why not, Caymanians? Government could use at least 50 percent of the hotel revenues and money saved from the Cayman Airways’ subsidy to fund the Cayman Islands government pen- sion fund. According to the 2015-16 budget, by 2019 we will need over $168 mil- lion for this fund. We must start now and have a plan, or we will be like the other islands soon. Let us work together – building wisely for the fu- ture, as our forefathers built up Cayman – from the Is- lands Time Forgot to the fi- nancial leaders of the world. Eletta Soto Cashing in on the ‘German miracle’ WALL STREET JOURNAL EDITORIAL BOARD Angela Merkel is a rare leader on the Continent in recent years to head into an election with a strong economy. She is the luckiest politician in Europe. Germany’s 0.6 percent growth in the second quarter, was slightly short of what economists expected, but no matter. Year-on-year growth was 2.1 percent, and some think the country could ap- proach 3 percent growth for the year. Mrs. Merkel is cam- paigning on the promise of “a Germany in which we live well”, and now she can tell voters she knows how to deliver. But what’s striking is how little Germany has to do with its own growth. Strong domestic consumption is one driver, and households support the economy to a greater degree than many for- eigners imagine. But the main cause for the current growth spurt appears to be raising confidence in the prospects of the Eurozone economy as a whole, rather than any specific German policies. Investment, unac- countably low at 20 percent or less of GDP for 15 years, is also perking up. Here, too, the credit belongs to other parts of Europe. It can’t be due to pro-investment policies from Mrs. Merkel, since she hasn’t proposed any. Today’s German economy shows how far you can get on a few modest labor re- forms such as those passed 15 years ago by social-dem- ocratic Chancellor Ger- hard Schröder. Mrs. Merkel has pros- pered politically from the Schröder reforms, which have helped Germany ride out policy mistakes like the high cost of her green-en- ergy projects. The Chancellor seems poised to win a fourth term next month but it’s too bad she’s missing an opportu- nity to build a more du- rable economy. © 2017, The Wall Street Journal PRINTED AND PUBLISHED BY: Caymanian Compass Limited (a subsidiary of Pinnacle Media Ltd) Compass Centre Shedden Road, George Town SEND US YOUR VIEWS OR NEWS: P.O. Box 1365 Grand Cayman KY1-1108, Cayman Islands Telephone: (345) 815-0095 Email: newsdesk@pinnaclemedialtd.com ADVERTISE WITH US: Telephone: (345) 949-5111 Email: sales@pinnaclemedialtd.com Website: www.caymancompass.com PUBLISHERS DAVID R. LEGGE AND VICKI L. LEGGE EDITOR-IN-CHIEF DAVID R. LEGGE EXECUTIVE EDITOR PATRICK BRENDEL A MEMBER OF THE INTER-AMERICAN PRESS ASSOCIATION “Give light and the people will find their own way”5 LOCAL&REGIONAL CAYMAN COMPASS • MONDAY AUGUST 28, 2017 World class neurology and cancer care in South Florida. Our center offers leading expertise and the most advanced treatments. +1.954.659.5080 l flgps@ccf.org clevelandclinic.org/flgps Airport project halfway to completion A project to renovate and expand Grand Cayman’s in- ternational airport is halfway to completion, officials said this week. The development will triple the size of the Owen Roberts International Air- port terminal, allowing it to accommodate more than two million passengers per year. Currently around one million travelers pass through the airport annually, though it was originally de- signed for 500,000. The project is split into phases over three years to allow the airport to continue operating as construction continues and is estimated to be completed by early 2019. The Cayman Islands Air- ports Authority says work on phase one, which in- cludes a new baggage han- dling and screening area, air- line offices and a mechanical room, is done. Phases two and three are scheduled for comple- tion at the end of 2017. This includes an additional exit lane for short term parking, enhancing the tick- eting area for future long- term expansion and new immigration, customs and baggage claim areas. The final phase, to be com- pleted in late 2018 or early 2019, includes an expanded departure hall, food court, VIP lounge and restaurant. There are currently di- versions in place around the airport parking areas as work continues. Albert Anderson, CEO of the airports authority, said, “Our passengers, airport partners and staff have been very understanding and ac- commodating throughout this transition. We have in- convenienced them quite a bit, and we appreciate all of the support we have received while the necessary construc- tion work is going on. “A world-class terminal in the Cayman Islands is not far from sight now, and we look forward to sharing it with our residents and people from all across the globe.” The CIAA has also put out to tender for design ser- vices to enhance the facili- ty’s airside. Projects for this bid include strengthening the runway, remediating the air- field ponds, expanding the apron to the east and adding a perimeter road for airfield access vehicles, according to a press release. New teen queen crowned Brains and beauty helped Kevie-Ann Peirre beat five contenders to the throne to be crowned Miss Teen Cayman Islands at the Lions Centre on Saturday night. The 17-year-old from Bodden Town will receive a four- year scholarship from the Ministry of Education after being declared the winner in this year’s pageant themed ‘Young Women in a Changing World.’ 16 AMERICANS SUFFER INJURIES AT CUBA EMBASSY At least 16 Americans as- sociated with the U.S. Em- bassy in Cuba suffered damage such as hearing loss while serving in Havana, the State Department said. The figure is the first ac- counting of the scope of what the U.S. government suspects was a deliberate targeting of American diplomats. Sec- retary of State Rex Tillerson has confirmed that Ameri- cans serving in Havana began having symptoms that were at first unexplained but were later found to be related. The Americans based in Cuba started reporting having problems late last year, at the end of the Obama administration, and the prob- lems have continued into the first months of the Trump administration. Initially, five Ameri- cans were reported to have been injured, as well as at least one Canadian dip- lomat. But the cause re- mains a mystery. The State Department suspects that they may have fallen victim to some sort of “acoustic attack,” though the exact origin is still being in- vestigated by the State De- partment and the FBI. © 2017, The Washington Post When the work is completed, it will triple the size of the Owen Roberts International Airport terminal. - PHOTO: TANEOS RAMSAYThe islands’ most-trusted news source 6 MONDAY AUGUST 28, 2017 • CAYMAN COMPASS Cayman had the most subjects of SARs, with 71 “natural persons” and 210 legal entities being sus- pected of wrongdoing. The jurisdiction with the second-most number of sub- jects was the U.S. (100 nat- ural persons and 19 legal entities), followed by the U.K. (51 natural persons and nine legal entities). The other jurisdictions with more than 30 suspects of suspicious activity reports were Taiwan, Jamaica, Canada, the British Virgin Islands and Brazil. The Financial Reporting Authority noted that 124 of the cases resulted in infor- mation disclosures to the Royal Cayman Islands Po- lice Service, 24 disclosures to the Cayman Islands Mon- etary Authority, 23 to other law enforcement authori- ties, and 22 to overseas fi- nancial investigation units. The financial intelligence unit, whose international call sign is CAYFIN, said that the growing volume of SARs is likely due to the ter- ritory’s enhanced financial crime-tackling measures. “The FRA has long held the view that the growing number of SARs is indica- tive of the vigilance of the reporting entities against money laundering and ter- rorist financing,” the Fi- nancial Reporting Authority stated. “The substantial number of cases in the past three fiscal years appears to have been influenced by due diligence reviews as a result of overseas tax, legal and regulatory updates coming into effect.” While noting that Cayman has enhanced due diligence measures, the Fi- nancial Reporting Authority stated that the volume of reports has put “consid- erable strain” on its re- sources. The authority has “around” 12 staff, including one legal adviser, according to its website. The Financial Reporting Authority has had a growing backlog of uncompleted re- ports: Due to unfinished cases from previous years, the agency had 809 re- ports to analyze in 2015/16, which is an increase from the 708 total cases it had in 2014/15 and the 679 total cases in 2013/14. The Financial Reporting Authority completed 481 of the 809 cases, carrying the remainder into the 2017/18 fiscal year. Cayman had the most subjects of suspicious activity reports, with 71 “natural persons” and 210 legal entities being suspected of wrongdoing. CONTINUED FROM PAGE 1 Record number of SARs filed in 2015/16 ‘Extraordinary error’ in firearm case, judge says Jay Ebanks not guilty of possessing unlicensed handgun, jury finds CAROL WINKER cwinker@pinnaclemedialtd.com The fact that an illegal im- migrant was deported from Cayman before police received DNA results in a firearm case was an “extraordinary error,” Justice Charles Quin said Friday morning when he summed up the law and evi- dence in the trial of Jay Cal- vert Ebanks for possession of an unlicensed firearm. The jury of five women and two men returned ver- dicts of not guilty that after- noon. Ebanks, now 23, had been charged with posses- sion of a .38 Smith & Wesson revolver and two rounds of ammunition in the gun on Aug. 25, 2016, at his Sa- vannah residence. The firearms were found inside the toilet tank in the en suite bathroom of the bed- room occupied by Ebanks’s mother, senior immigration officer Jeannie Lewis. Police had gone to the residence with a search warrant. During the search, Ms. Lewis told an officer she heard water run- ning. That led the officer to check the toilet and find the gun. Photos seen by the jury showed the gun partially sub- merged in water and par- tially enmeshed in the toilet flushing mechanism. Five people were in the residence at the time of the search: Ms. Lewis, the de- fendant, the defendant’s girl- friend, his younger brother, and the illegal immigrant – Antonio Bullard. All five were arrested on suspi- cion of possessing the unli- censed firearms. DNA samples of all five were sent for analysis along with swabs from the weapon. Ebanks was brought to court for the firearm charges on Aug. 29, apparently on the basis of his interview with police the day of the arrests. The DNA report was re- ceived on Nov. 23: It showed profiles consistent with Bull- ard’s DNA being on a top sec- tion of the gun and on the two rounds of ammunition inside. Ebanks, his girlfriend, mother and brother were excluded as possible contributors to DNA profiles found on the exte- rior of the gun as well as the bullets inside. By that time, Bullard had appeared in Summary Court, where he pleaded guilty to il- legal landing and was sen- tenced to 30 days’ imprison- ment, with credit for time in custody. A police officer who gave evidence in Ebanks’s trial confirmed that Bullard had been deported by immi- gration officials on Oct. 9. Justice Quin told the jury, “I think everybody would have to agree that this was an ex- traordinary error. And it’s a classic case of the left hand not knowing what the right hand is doing.” Ebanks, who gave evi- dence, admitted to the court that he had lied in his inter- view with police. When the interviewing officers had ad- vised him of his right to an at- torney, he had told them that if he could just speak to his mother first, he would know if he needed an attorney. Offi- cers had replied that he could not speak to her because she had also been arrested. Ebanks said he then de- cided to protect his mother, girlfriend and younger brother. He told officers he and Bullard would “take the whole rap” by accepting re- sponsibility for the fire- arms, ganja and 10 rounds of .40 ammunition found in his bedroom. In court, Ebanks said he never knew about the loaded gun when Bullard came to his home the night before the police search. He said Bul- lard gave him details after they had been arrested, when they were allowed outside the detention center to smoke. That was why he could de- scribe the gun in his inter- view, he said. Crown counsel Scott Wainwright based the case for the prosecution on the definition of possession as being knowledge of an item and control over it. Jurors had asked twice about the meaning of possession and control, once when Mr. Wain- wright opened the case, and again after Justice Quin in- structed them. The judge asked Mr. Wain- wright and defense counsel Laurence Aiolfi to write out a definition they agreed on for the jury. Their agreed expla- nation was that control is the right to say what should be done with an item; the ability to demand that the item be removed (or the ability to re- move it) is no more than ev- idence of knowledge and ac- quiescence and is not to be equated with control. After the jury verdicts, Ebanks was remanded in custody because he had pleaded guilty to posses- sion of the rounds of am- munition found in his room, telling the court he had found them while walking his dog. The judge said he would ask probation officers to accelerate the preparation of a social inquiry report so that sentencing could take place on Sept. 14. Ebanks’s mother first ap- peared in court on Nov. 29, charged with permitting a premises to be used for con- sumption of a controlled drug and knowingly assisting a person (Bullard) to land in the Cayman Islands. She has pleaded not guilty and her trial has been set for Nov. 22. Man pleads guilty to causing death by careless driving CAROL WINKER cwinker@pinnaclemedialtd.com Anthony W. Scott Jr. pleaded guilty in Grand Court on Friday to causing death by careless driving on June 30, 2016. Scott had previously pleaded guilty in Summary Court to careless driving, after the incident in which the car he was driving collided with a utility pole on Sham- rock Road near Spotts Dock. His passenger, Thomas Rupert Hubbell, died on June 12, 2017, from injuries sus- tained in that crash. The charge against Scott was then amended and sent to Grand Court. Justice Charles Quin said he would order a social in- quiry report. He set sen- tencing for Oct. 31. Scott was represented by attorney Crister Brady. “I think everybody would have to agree that this was an extraordinary error. And it’s a classic case of the left hand not knowing what the right hand is doing.” JUSTICE CHARLES QUIN WITH TRUMP PARDON, SHERIFF JOE ARPAIO ESCAPES LEGAL TROUBLE PHOENIX (AP) – In his 24 years as metro Phoenix’s sheriff, Joe Arpaio survived scandals and dodged inves- tigations that would easily have sunk the careers of many politicians. He locked up journal- ists and made criminal cases against political ad- versaries who tangled with him, investigated judges and misspent $100 million in jail funds. He let inves- tigations into child rape cases languish because of- ficers were pulled away, in part, to help in Arpaio’s im- migrant efforts. Arpaio was found to have violated the civil rights of Latinos in a ra- cial-profiling case expected to cost taxpayers $92 mil- lion by next summer. His critics felt like they finally won a measure of accountability against the lawman after he was found guilty earlier this month on a misdemeanor con- tempt charge for flouting the courts in carrying out his signature immi- gration patrols. But their victory was up- ended when a pardon by his most powerful political ally – President Donald Trump – allowed Arpaio to wiggle out of legal jeopardy again. “Arpaio played up to Trump, and Trump is a good old boy, and he doesn’t give a damn about us – only likes people of his own mind and from his base,” said Mary Rose Wilcox, a former county official who was charged with crimes in a now-dis- credited corruption case brought by Arpaio. “He wanted red meat, and Ar- paio was that red meat.” For Arpaio, the pardon is the ultimate vindica- tion after repeatedly com- plaining that he was being unfairly targeted for merely enforcing the law in ar- resting immigrants in the country illegally. He celebrated the vic- tory at an Italian restau- rant with his wife and said he’ll discuss more about his future early next week. The former sheriff vowed to remain active politically, and issued a fundraising appeal for his legal defense fund within an hour or two of the pardon’s announce- ment Friday afternoon. Ar- paio, reached Saturday, de- clined to comment further. A judge nominated to the bench by former Pres- ident George W. Bush or- dered Arpaio to stop his immigration patrols in 2011 amid allegations that his officers were racially profiling Latinos. The judge later found Arpaio’s office systematically profiled La- tinos and recommended a criminal charge against the sheriff for prolonging the patrols 17 months after he had ordered them stopped. Sheriff Joe ArpaioThe islands’ most-trusted news source 7 CAYMAN COMPASS • MONDAY AUGUST 28, 2017 Premier Health BRITISH CAYMANIAN INSURANCE AGENCIES LIMITED BritCay House, 236 Eastern Avenue, George Town.Tel. 949-8699 12 Kirkconnell Street, Stake Bay, Cayman BracTel. 948-1760 www.britcay.ky A member of Colonial Group International Ltd. : insurance, health, pensions, life British Caymanian Insurance Agencies Limited acts solely as an agent on behalf of Colonial Medical Insurance Company Limited and it does not act as an insurance broker on behalf of its customers. Premier Health is a smart health insurance plan that does most of the thinking for you once you present your I.D. card. From instant eligibility checks to world-wide support, it allows you to feel in control of the choices that best meet your needs. Efficient case management and concierge services help you feel confident with the transition from local to overseas providers. More than half of claims are automatically adjudicated too, so paperwork is on course to be a thing of the past. Now that feels good. cgigrp This is what it does. 55% of claims are settled automatically. 73% of claims are received electronically. Online verification, eligibility, direct billing with registered providers at home and overseas. 95% of claims settled in 5 working days. (1,756 claims per day in 2016)* 24/7 worldwide support and over 1 million U.S. network providers. CALL 949-8699 or visit www.britcay.ky This is what smart health insurance feels like. *based on total claims for Bermuda, Bahamas, Cayman Islands, British Virgin Islands and Turks and Caicos Islands 2016 “The aim is to ensure that they receive a combined sum (pension and ex-gratia pay- ment) that is no less than [that] paid for ‘poor relief’ payments,” he added. Mr. McLaughlin also re- vealed plans for a new Human Resources Depart- ment to ensure Caymanians are not disadvantaged in the workplace. He said government would change immigra- tion regulations to improve fairness in job advertising and extend the Ready- 2Work scheme to assist people who need extra help to be “work ready.” He said 64 of 89 people involved in the pilot program had ob- tained employment, and 25 were in ongoing training of some kind. Such details pertaining to Cayman’s community warden program are expected to be hashed out before govern- ment presents its two-year budget in October. Mr. McLaughlin said he favors the community warden approach because it will allow constables to work on solving crimes. He added that the wardens could be former police officers and others who have the trust and familiarity of their re- spective neighborhoods. The premier also said that his administration could not entirely meet Mr. Byrne’s request for additional re- sources – including the com- munity officer unit and more officers from overseas – be- cause it costs too much, and because he has concerns about significantly increasing the officer count without the commissioner providing “an overall plan of action.” However, Mr. McLaughlin did promise the RCIPS 25 new officers per year over the next three years, as well as new vehicles, tactical fire- arms assets and the cre- ation of a coast guard unit. As of March, the RCIPS had 356 uniformed officers – nine fewer than a decade ago, ac- cording to Mr. Byrne. While the premier prom- ised additional resources, he also insisted that they be “used as agreed,” and said that his government “will hold the commissioner to ac- count for the results.” To that end, he said, his administration will be in discussions with Governor Helen Kilpatrick about estab- lishing a Cayman Islands Po- lice Authority. Mr. McLaughlin did not describe in detail what the functions or composition of a police authority would be, but in April 2016, for ex- ample, Mr. McLaughlin re- portedly said on Radio Cayman, “The U.K. are crazy having responsibility here for national security,” and that “it would be far better if the people could hold me or an- other elected member re- sponsible.” He also said in Finance Committee last June that he was going to “press really hard for the establish- ment of a police authority” because the current situa- tion of the governor having control over the RCIPS while the government finances it is untenable. Such a change, if enacted, may require an amendment to the Cayman Islands Con- stitution, which gives the gov- ernor oversight of the police. Matthew Forbes, head of the Governor’s Office, said he is sure the office will discuss the police authority proposal with government leaders, but that no detailed talks have taken place yet. Mr. Byrne did not respond to a request to respond to Mr. McLaughlin’s statements before press time. Government proposes police ‘community wardens’ CONTINUED FROM PAGE 1 Premier Alden McLaughlinPolice Commissioner Derek Byrne Pensioners to get monthly cash boost CONTINUED FROM PAGE 1 US journalist killed in South Sudan JUBA, South Sudan (AP) – An American has been killed in civil war-torn South Sudan, the U.S. Embassy said Sat- urday, while South Sudan’s army and opposition said the journalist was caught in the fighting between the two sides. The embassy confirmed the death of Christopher Allen and said his family had been notified. His body was taken to the military hospital in South Sudan’s capital, Juba. South Sudan army spokesman Col. Domic Chol Santo told The As- sociated Press that the man was killed Saturday morning when opposition rebels attacked the town of Kaya near the borders with Uganda and Congo. He was “caught in the fighting” that also left 15 rebels dead, the army spokesman said. Opposition spokesman William Gatjiath Deng said Allen and two other journalists had spent two weeks with rebel forces in Bazi, near Kaya, and were in the barracks there when South Sudanese troops attacked. Allen was shot dead, and two opposition fighters were killed, Deng said. He said the other journal- ists were still with op- position forces Saturday night and may have re- turned to Uganda. South Sudan’s civil war is well into its fourth year, with tens of thousands of people killed. The fighting, often along ethnic lines, defies peace deals and unilat- eral cease-fires. N. KOREA FIRES SHORT-RANGE MISSILES IN LATEST TEST SEOUL, South Korea (AP) – North Korea fired several rockets into the sea Sat- urday in the continuation of its rapid nuclear and mis- sile expansion, prompting South Korea to press ahead with military drills involving U.S. troops that have an- gered Pyongyang. The U.S. Pacific Command revised its initial assessment that the first and third short- range missiles failed during flight to say they flew about 155 miles. It said that the second missile appears to have blown up immediately and that none posed threat to the U.S. territory of Guam, which the North had previ- ously warned it would fire missiles toward. South Korea’s presidential office and military said North Korea fired “several” projec- tiles in what was presumed as a test of its 300-mm rocket artillery system. Kim Dong-yub, a former South Korean military offi- cial who is now an analyst at Seoul’s Institute for Far Eastern Studies, said that South Korean assessment does not neces- sarily contradict the U.S. eval- uation that the launches in- volved ballistic missiles. The islands’ most-trusted news source 8 MONDAY AUGUST 28, 2017 • CAYMAN COMPASS Condolences can be registered at: www.churchillsfuneralhome.com We have been asked to announce the passing of Mrs. Julene Doris Banks of West Bay, Grand Cayman who passed away on Sunday, 20 August 2017. A Memorial Service will be held on Monday, 28 August 2017 at 3:00pm at Wesleyan Holiness Church, North West Point Road, West Bay. In lieu of owers please make donations to the Cayman Islands Early Childhood Association. Please wear bright colors to the funeral and no black. New drug found to lower heart risks For the first time, a drug has helped prevent heart attacks by curbing inflammation, a new and very different approach than lowering cholesterol, the focus for many years. U.S. doctors say the results on the drug, canakinumab, open a new frontier. Catastrophic floods hit Houston HOUSTON (AP) – Rising floodwaters from the rem- nants of Hurricane Harvey chased thousands of people to rooftops or higher ground Sunday in Houston, over- whelming rescuers who fielded countless desperate calls for help. A fleet of helicopters, air- boats and high-water vehi- cles confronted flooding so widespread that authorities had trouble pinpointing the worst areas. Rescuers got too many calls to respond to each one and had to priori- tize life-and-death situations. The water rose high enough to begin filling second floors – a highly un- usual sight for a city built on nearly flat terrain. Au- thorities urged people to get on top of their homes to avoid becoming trapped in attics and to wave sheets or towels to draw attention to their location. Harris County Sheriff Ed Gonzalez used Twitter to field calls for assistance. Among those seeking help was a woman who posted: “I have 2 children with me and the water is swallowing us up.” People used inflatable beach toys, rubber rafts and even air mattresses to get through the rising wa- ters to safety. Others simply waded while carrying plastic trash bags stuffed with their belongings. Houston Mayor Sylvester Turner said authorities had received more than 2,000 calls for help and would be opening the city’s main con- vention center as a shelter. He urged drivers to stay off flooded roads to avoid adding to the number of stranded people. “I don’t need to tell anyone this is a very, very serious and unprecedented storm,” Turner told a news confer- ence. “We have several hun- dred structural flooding re- ports. We expect that number to rise pretty dramatically.” The mayor defended his decision not to ask residents to evacuate before the heavy rain from Harvey swamped roads and neighborhoods across the nation’s fourth- largest city. He said there was no way to know which neighborhoods would be most vulnerable. “If you think the situa- tion right now is bad and you give an order to evacuate, you are creating a nightmare,” he said, citing the risks of sending the city’s 2.3 million inhabitants onto the high- ways at the same time. Rainfall of more than 4 inches per hour resulted in water levels higher than in any recent floods and higher than during Tropical Storm Allison in June 2001, said Jeff Linder of flood control district in Harris County, which includes Houston. Rescue came by land, water and air. On Interstate 45 south of downtown, television video showed people climbing over concrete dividers to get to a high-wheel dump truck that appeared to be wheels- deep in water on a service road. They clambered up the side of the truck to get into the dump box. In Friendswood near Houston, authorities asked people with flat-bottomed airboats or fuel for them to help rescue people, KPRC- TV in Houston reported Sunday morning. The Coast Guard, which received more than 300 re- quests for help, deployed five helicopters and asked for additional aircraft from New Orleans. Staff at a Houston televi- sion station broadcasting live coverage of the floods had to evacuate after water from the nearby Buffalo Bayou started to gush into the building. The anchors and news operations at KHOU-TV moved first to a second floor before finally abandoning the station. The director of the Fed- eral Emergency Management Agency, Brock Long, said the government expected to con- duct a “mass care mission” and predicted that the af- termath of the storm would require FEMA’s involve- ment for years. “This disaster’s going to be a landmark event.” President Donald Trump tweeted Sunday morning: “I will be going to Texas as soon as that trip can be made without causing dis- ruption. The focus must be life and safety.” The rescues unfolded a day after the hurricane set- tled over the Texas coast- line. It was blamed for killing at least two people and in- juring up to 14. Anxiety ran high throughout the region be- tween Corpus Christi and Houston because some of the areas with the greatest hur- ricane damage were inac- cessible to rescuers. And the forecast for days of steady rain threatened to inundate the region’s flat landscape with as much as 40 inches. In the island community of Port Aransas, population 3,800, officials were unable to fully survey the town be- cause of “massive” damage. Police and heavy equipment had only made it into the northernmost street. “I can tell you I have a very bad feeling and that’s about it,” said Mayor Charles Bujan, who had called for a mandatory evacuation but did not know how many heeded the order. Some of the worst damage appeared to be in Rockport, a coastal city of about 10,000 that was directly in the storm’s path. The mayor said his community took a blow that left “widespread dev- astation,” including homes, businesses and schools that were heavily damaged. Some structures were destroyed. Rockport’s roads were a mess of toppled power poles and other debris. Harvey’s re- lentless wind tore the metal sides off the high school gym and twisted the steel door frame of its auditorium. “We’re still in the very infancy stage of getting this recovery started,” said Aransas County spokesman Larry Sinclair. One person was killed in Aransas County when in a fire at home during the storm, county Judge C.H. “Burt” Mills Jr. said. Another person – a woman who tried to get out of her vehicle in high water – died in flooding in Harris County, where Houston is located, though authorities had not confirmed a cause of death. Meanwhile, the storm was barely moving. Rainfall totals varied across the region, with Galveston receiving around 8 inches, Houston 11 and Aransas 10. Tiny Austwell got 15 inches. The fiercest hurricane to hit the U.S. in more than a de- cade came ashore late Friday about 30 miles northeast of Corpus Christi as a mam- moth Category 4 storm with 130 mph winds. Harvey weakened Sat- urday to a tropical storm. By Sunday morning the system was centered about 65 miles southeast of San Antonio, with maximum sustained winds of about 45 mph, ac- cording to the National Hur- ricane Center, which de- scribed the flooding as “catastrophic.” Authorities urged people to get on top of their homes to avoid becoming trapped in attics and to wave sheets or towels to draw attention to their location. Two kayakers try to beat the current pushing them down an overflowing Brays Bayou in Houston, Texas. - PHOTOS: AP Men check on a boat storage facility in Rockport, Texas, that was damaged by the hurricane.9 WORLD&REGIONAL CAYMAN COMPASS • MONDAY AUGUST 28, 2017 FAST TRACK YOUR CAREER!! Train locally to compete globally! Intermediate Cer�ficate in Financial & Management Accoun�ng Diploma in Accoun�ng & Business Advanced Diploma in Accoun�ng & Business ACCA Qualifica�on Computer-based exams available to registered IMPT students only Get a Solid Foundation in Accounting! 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Get AAT Qualified AAT Foundation Certificate in Accounting AAT Advanced Diploma in Accounting AAT Professional Diploma in Accounting Computer-based assessments available to registered IMPT students only New Student Induction – Aug. 31st Classes begin week of Sept. 4th Ask about our payment plans for self-sponsored students Upcoming Modules: (only 3 modules to be completed over a 12 to 18-month period) Accoun�ng Fundamentals IFA Core Modules Accounting Certi�ications – from ACCA (The Association of Chartered Certi�ied Accountants – over 100 years strong ) OFFICE TEL FAX E-MAIL WEBSITE Unit 201 Alissta Towers 943-IMPT (4678) 943-4679 Info_impt@candw.ky www.impttraining.com ICSA® Certi�icate in International Finance & Administration Orientation Aug. 29 th Ask about our payment plans for self-sponsored students Starting week of Sep.4 tt Ask about our payment plans for self-sponsored students AAT QUALIFICATIONS (From the Association of Accounting Technicians) FAST TRACK YOUR CAREER!! 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Get AAT Qualified AAT Foundation Certificate in Accounting AAT Advanced Diploma in Accounting AAT Professional Diploma in Accounting Computer-based assessments available to registered IMPT students only New Student Induction – Aug. 31st Classes begin week of Sept. 4th Ask about our payment plans for self-sponsored students Upcoming Modules: (only 3 modules to be completed over a 12 to 18-month period) Accoun�ng Fundamentals IFA Core Modules Accounting Certi�ications – from ACCA (The Association of Chartered Certi�ied Accountants – over 100 years strong ) OFFICE TEL FAX E-MAIL WEBSITE Unit 201 Alissta Towers 943-IMPT (4678) 943-4679 Info_impt@candw.ky www.impttraining.com ICSA® Certi�icate in International Finance & Administration Orientation Aug. 29 th Ask about our payment plans for self-sponsored students Starting week of Sep.4 tt Ask about our payment plans for self-sponsored students AAT QUALIFICATIONS (From the Association of Accounting Technicians) FAST TRACK YOUR CAREER!! Train locally to compete globally! Intermediate Cer�ficate in Financial & Management Accoun�ng Diploma in Accoun�ng & Business Advanced Diploma in Accoun�ng & Business ACCA Qualifica�on Computer-based exams available to registered IMPT students only Get a Solid Foundation in Accounting! Get AAT Qualified AAT Foundation Certificate in Accounting AAT Advanced Diploma in Accounting AAT Professional Diploma in Accounting Computer-based assessments available to registered IMPT students only New Student Induction – Aug. 31st Classes begin week of Sept. 4th Ask about our payment plans for self-sponsored students Upcoming Modules: (only 3 modules to be completed over a 12 to 18-month period) Accoun�ng Fundamentals IFA Core Modules Accounting Certi�ications – from ACCA (The Association of Chartered Certi�ied Accountants – over 100 years strong ) OFFICE TEL FAX E-MAIL WEBSITE Unit 201 Alissta Towers 943-IMPT (4678) 943-4679 Info_impt@candw.ky www.impttraining.com ICSA® Certi�icate in International Finance & Administration Orientation Aug. 29 th Ask about our payment plans for self-sponsored students Starting week of Sep.4 tt Ask about our payment plans for self-sponsored students AAT QUALIFICATIONS (From the Association of Accounting Technicians) (From the Association of Accounting Technicians) Amsterdam’s secret Brexit sauce is a friendly regulator Frankfurt has the banks, and Paris has the culture, but for trading firms looking for a post-Brexit European home, Amsterdam may have the best attraction of all: a friendly regulator. The Dutch Authority for the Financial Markets already presides over the most impor- tant cluster of European pro- prietary trading firms – the high-speed giants of finan- cial markets – outside the U.K. The Dutch regulator allows such firms to trade directly with big pension funds and insurance companies without treating them as clients, a distinction that reduces their legal and regulatory burden. Now, with fewer than two years until the U.K. leaves the European Union, local trading firms are helping to show- case Amsterdam’s attractions. Chicago-based algo traders Radix Trading and Hard Eight Trading have joined U.S. trading giants Tower Re- search Capital and Quantlab in locating European opera- tions in Amsterdam. Tradeweb and MarketAxess Holdings – operators of financial mar- kets popular with proprie- tary traders – are also put- ting jobs there. Three local firms, Optiver, IMC and Flow Traders, are already among the world’s biggest traders of options, cash equities and exchange- traded funds. That’s given the AFM regulatory experience of high-frequency trading, one of the least known yet fastest- moving areas of finance. “To the great credit of our regulator, they have kept pace very well with innova- tion in financial markets,” Die- derik Dorst, global head of legal and compliance at Flow Traders, said in an interview. “They are highly pragmatic and knowledgeable and that’s a selling point for Amsterdam. The strongest case for Am- sterdam is its trading heritage over the last few centuries.” It’s a trading culture that stretches back centuries. That includes being the home of the world’s first formal stock exchange. Although the British East India Company was the world’s first joint- stock company, the Dutch East India Company was the first listed company. The firm paid its shareholders an an- nual dividend of 18 percent for almost 200 years. The Dutch regulator had held talks with 100 other fi- nancial firms including prop traders, trading platforms and asset managers since Britain voted to leave the EU, according to board member Gerben Everts. It’s willing to “scale up” by adding more people if the influx of firms continues, he said. “The AFM has a frequent dialogue with the trading community in Amsterdam and as such, the AFM has had the chance the follow and keep up with the ongoing technological developments,” the regulator said in a state- ment. “We keep investing in experienced staff and un- derstanding of the market trends and contribute to ap- propriate new regulation.” There have already been some successes: Amsterdam has attracted Japanese banks Mitsubishi UFJ Financial Group and Mizuho Finan- cial Group, which are both bolstering their units in the Dutch city. Mitsubishi is also considering the city as the EU site for its securities op- erations. RBS also plans to move some positions to the Dutch financial capital. Amsterdam may be less attractive to bankers than to high-speed traders. After bailing out their largest banks in the global finan- cial crisis, Dutch authorities capped bonuses at 20 percent of salaries, well below the 200 percent EU-wide limit. Propri- etary traders are exempt from the bonus caps on the theory that they would never require a taxpayer bailout. “In a world where bo- nuses are a substantial part of income, the flexibility on offer fails to address the con- cerns of foreign banks and may form an obstacle to them choosing the Nether- lands,” said Arnold Keizer, an incentives lawyer at Allen & Overy in Amsterdam. RBS has said it will move 150 jobs to Amsterdam and still has a license in the Netherlands that it ac- quired as part of the ill-fated 2008 purchase of ABN Amro. Chief Executive Officer Ross McEwan argued on the lend- er’s last earnings update that the CEO of its markets divi- sion, Chris Marks, “is con- fident that he can find the right people in Amsterdam,” despite the challenges posed by the limits on bonuses. Tradeweb and Market- Axess, the two trading venues that picked Amsterdam, iden- tified the AFM as their main reason for moving. “We looked at multiple places: we looked at locations across Europe,” said Enrico Bruni, Tradeweb’s head of Eu- rope and Asia, in an interview. “We respect the regulatory en- vironment, the experience of the regulator.” MarketAxess said the AFM’s “sophisticated” approach made Amsterdam more appealing than rivals such as Dublin or Frankfurt. © 2017, Bloomberg BIRTHPLACE OF FREE SPEECH MOVEMENT BRACES FOR POSSIBLE FIGHT SAN FRANCISCO (AP) – The California city that birthed the American free speech movement is preparing for potential clashes even though the person behind a right- wing rally scheduled for Sunday has pleaded with supporters to stay away, saying that she fears violence. The “No to Marxism in America” rally in downtown Berkeley comes a day after a controversial freedom rally planned by a right-wing group fizzled amid throngs of counter-protesters in San Francisco. San Francisco Mayor Ed Lee declared vic- tory over a group he branded as inviting hate. Both Amber Cummings and Patriot Prayer leader Joey Gibson have repeat- edly denounced racism. Cum- mings canceled her Sunday event and Gibson called off his Saturday rally late Friday, saying that demonization by mayors in both cities and left-wing extremists made it impossible to speak out. Cummings said she would be the sole attendee. In a message to the media Sat- urday she said she might be forced to cancel if she is not provided police protection. It was uncertain whether supporters – or opponents– would show up. The left-wing group By Any Means Neces- sary, which has been involved in violent confrontations, had vowed to shut down the rally at Civic Center Park. Berkeley Mayor Jesse Arreguin has urged counter-protesters to stay away. Berkeley police were plan- ning for a number of contin- gencies, police spokeswoman Jenn Coats said in an email Saturday. The city has banned a long list of items from the park, including baseball bats, dogs and skateboards. People at the park are also not al- lowed to cover their faces with scarves or bandanas. Cummings is a trans- gender woman and supporter of President Donald Trump who has said on social media and in media interviews that Marxism is the real evil and that members of the anti-fas- cist movement are terrorists. “I’m not safe to walk down the road with an Amer- ican flag in this county,” she said to reporters in Berkeley last week, her face covered with a bandana to make a point about masked anti- fascist members.Next >