The Cayman Islands Bankers Association (“CIBA”) has announced the appointment of Amanda Bodden as President and Laura Accurso as Vice President to head the CIBA Board of Directors (Executive Committee). Commenting on the appointments, Mr. Richard Lewis, Chief Operating...
The Cayman Islands judiciary advised this morning, July 19, 2024, that due to the current global Microsoft IT outage, the Court Registries, including the Criminal and Civil Registries and the Family Proceeding Unit, are unable to print documents at...
Worldwide IT Disruption Causes Airlines To Be Grounded, Stock Exchanges & Hospitals Impacted
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By Alric Lindsay According to sources, an update from CrowdStrike, “the world’s most advanced cloud-native platform,” has caused issues on Windows devices worldwide. The issues led to computers crashing, leading to the display of a “blue screen” on users’...
By Alric Lindsay In an odd turn of events, the Honourable Mr Justice Stanley John, who previously gave the order to halt all indecent and common assault proceedings against McKeeva Bush earlier this year, has now said that those...
A meeting of the Cabinet was convened on Tuesday, July 9, 2024, in the Cabinet Conference Room, Government Administration Building. Mr Stran Bodden acted as Deputy Governor. All other Ministers and Members of the Cabinet were present. At this...
The National Basketball Association (NBA) and investment company Dart today announced a multiyear expansion of their existing youth development collaboration in the Cayman Islands, which will tip off with the Camana Bay and Jr. NBA Basketball Camp from Monday,...
By Alric Lindsay According to the Cayman Islands Constitution, “The Legislature and the Cabinet shall uphold the rule of law and judicial independence, and shall ensure that adequate funds are provided to support the judicial administration in the Cayman...
By Alric Lindsay Following Caribbean Utilities Company’s recent announcement to increase rates by 3.2% in accordance with the rate cap and adjustment mechanism contained in its transmission and distribution licence granted by the Cayman Islands Government, a group of...
Today, July 17, 2024, the Securities and Exchange Commission announced an award of more than $37 million to a whistleblower who provided information not previously known to the SEC and which significantly contributed to a successful enforcement action. The...
IRS Enhances FATCA Registration Website By Requiring Users To Authenticate Their Identities
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Today, July 17, 2024, the Internal Revenue Service announced that it will enhance the identity authentication process that financial institutions can use to register under the Foreign Account Tax Compliance Act (FATCA). Taxpayers as of July 14 are required...