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Cayman Islands Supreme Court Re-instate $45M funds to offshore inheritance beneficiaries
On 18th November The Cayman Islands Supreme Court has directed 2 offshore banking instituitions to reverse their decisions to confiscate held funds to the central bank. In light of these rulings, the affected offshore accounts are entitled to the recovery of the previously confiscated assets from their offshore inheritance accounts respectively, pursuant to the court's mandate. The National Service Credit Bank Union (NSCBU) and SCOTIA BANK has been duly instructed to promptly release the funds to the legally advocated offshore accounts of $16,000,000 that belongs to Ferenc Gyorgy Bardos, a Hungarian oil mogul and $29,000,000 in favor of Donald Lee Chang, an Indonesian gold merchant respectively.
Liquor Licence Holders to Receive New Year’s Extension
Liquor licence holders will be granted an extension beyond regular closing times on New Year’s Eve.
Financial Services Minister Invited to EU Tax Symposium
Grit and Commitment Gets the Cayman Islands Off the FATF List
Minister Engages EU Stakeholders on Financial Services and Maritime Matters
Cabinet Approves Establishment of Asia Office in Singapore
FATF Completes Onsite Visit of the Cayman Islands
Beneficial Ownership Transparency Bill to Advance Cayman’s AML/CFT Regime
Cayman Satisfies FATF Action Plan; Onsite Visit Authorised
Summer Deadline Approaches for Expiring Liquor Licence Holders
Financial Services Ministry Delegation Meets EU Stakeholders
Government Delegations to Attend the FATF Plenary, EU Meetings
Ministry Showcases Cayman Strengths to Leading Asian Stakeholders
Red Ensign Group Conference Looks at Maritime Challenges
Cayman Presents AML Progress to FATF in Mexico
CIIPO Concludes Month-Long Celebration of Intellectual Property
Amendment Bills to Strengthen CIMA’s AML Enforcement, Information Sharing Passed in Parliament
