Issue No. 571 Wednesday, 14 January 2004
Status Unlawful?
 The Cayman Islands Cabinet may have acted unlawfully last year in granting Caymanian Status to at least some of 2,850 people, according to a legal opinion by one of Britain's leading barristers, David Pannick, QC.
Mr Pannick, who is the author of several legal texts and who writes a fortnightly legal column in The Times of London newspaper, wrote the opinion on the request of the 80-member Caymanian Bar Association...
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Anti-money Laundering Conference in Cayman
 The intensive two-week Caribbean Anti-Money Laundering Course got under way at the Grand Pavilion on West Bay Road last Monday. Now in its fifth year, this is the first time the course has been held in the Cayman Islands, as previously it had been held in Trinidad. Sixteen participants are taking part this
year. The Director of the Cayman Reporting Authority David Thursfield gave the opening address...
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High Christmas season hopes met for retailers
 Cautious optimism turned to good results as retailers around the Island reported a slightly better than average Christmas season.
"We saw a 31-and-a-quarter percent increase over December," reported Shervin Wood, Manager of Deals. "It's been a pretty good year. The economy has been good."
Troy Leacock, Managing Director of Home and Office City had reported a "bullish marketing campaign" based on trends. He, too, was pleased with the final
outcome... read
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Digicel Cayman Limited supports Cayman's Business Outlook Conference
 As part of its support for the inaugural Cayman Business Outlook Conference to be held on Wednesday, 14 January, Chief Executive Officer of Digicel Cayman Ltd, J D Buckley, has presented its sponsorship cheque to the
organisers... read more...
Collapse of Parmalat empire puts global spotlight on the Cayman Islands
 The collapse of the Italian dairy conglomerate Parmalat and the search for billions of dollars missing from its Cayman Islands accounts illustrate the limited scope of international efforts to shine light into the murky world of money laundering and tax havens.
According to the Rome newspaper Corriere della Sera, millions of dollars belonging to Parmalat were transferred from a bank account in the Cayman Islands to an account in Luxembourg held by the company's founder, Calisto
Tanzi... read more...
Person of the Day - Lascelles Williams
 The Grand Cayman Holy Temple Church recruited Lascelles Williams two years ago. Having been a minister for five years in Jamaica, he now preaches for the church every weekend.
During the week, he is Production Manager at the Wholesome Bakery, and is responsible for the bread and pastry section.
A professional pastry chef, Lascelles has won gold and silver medals in the culinary arts... read
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