US bans anonymous shell companies

The US has taken steps with the Corporate Transparency Act to eliminate the potential use of anonymous shell companies for money laundering and tax evasion.

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With Cayman’s border reopening projected for March, property owners and businesses impacted by beach loss along Seven Mile Beach are racing against the clock to ready themselves to receive clients.

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Cayman’s courts continue to be plagued by a backlog of cases and a lack of courtrooms, which is now jeopardising the rights of many defendants to have their cases heard in a prompt and timely manner, Chief Justice Anthony Smellie said at Wednesday’s official opening of Grand Court.

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