CIMA strikes record number of entities off register in 2026
Regulator reports record removals as government shifts work-permit job adverts from print media to the WORC portal.
Regulatory and labour policy dominated the day's business news. The Cayman Islands Monetary Authority has removed a record number of entities from its register this year, according to the Cayman Compass, which reported the 2026 figure as an all-time high.
On immigration and employment, Cayman News Service reports that Caymanian Employment and Immigration Minister Michael Myles has reversed course on print advertising, with employers soon required to pay WORC to advertise jobs on its portal rather than buying adverts in local print media when applying for a work permit. The minister said the change would encourage jobseekers to use the portal. In education, CNS reports that Minister Rolston Anglin plans to revisit the one-to-one laptop policy in government schools after teachers raised concerns about misuse, particularly when devices are taken home.
On household finances, CNS reports that around CI$6.5 million was withdrawn from private pension funds between 1 January and 30 June last year across 129 property-related transactions, used to buy land or homes, build houses or pay down home loans. Separately, the Cayman Compass reports that long-time residents are increasingly retiring overseas, to destinations from Portugal to Panama, amid rising costs.
In the courts, a Grand Court jury acquitted surgeon Dr Paul Taiganides of manslaughter through culpable negligence over the treatment of gunshot victim Travis Ebanks, as reported by Cayman News Service and the Cayman Compass. Cayman Marl Road reports that the man convicted of abducting a toddler later found dead on Cayman Brac received two life sentences for abduction and armed robbery, and that Parliament passed a motion from Opposition MP Pearlina McGaw-Lumsden calling for a sex offender registry.
In the diary: the Cayman Pride Parade returns on Saturday 10 October, starting at 3.30pm at XQ's on West Bay Road with Eldridge Legal as marquee sponsor, while October is Older Persons Month, with free classes, talent shows and galas scheduled.