AGP Executive Report

Last update: 10 hours ago

Offshore AML probe: India’s Enforcement Directorate is seeking Cayman Islands data via a letter rogatory in its money-laundering case involving TMC and Carewell Aviation, after tracing Cayman-linked financing for an Agusta helicopter and related leasing. Global markets & Cayman link: A new US Treasury International Capital snapshot shows foreign investors hold a record $39.19T in US long-term securities, with Cayman among the biggest concentrations—while separate reporting says Chinese banks are shifting toward US Treasuries after higher dollar deposit rates. Insurance sector update: CIMA revoked Progressive Grocers Insurance SPC’s Class B(ii) licence effective 1 September for fee, solvency, and filing failures, with an appeal route to the Grand Court. Ratings stability: AM Best removed GUNA Re (Cayman) from “under review with negative implications” after an ITOCHU capital injection restored capital and affirmed A-/a- with a stable outlook. Housing accountability: The Auditor General says gaps in the government’s 10-year housing strategy include weak performance measurement and missing reporting back to Parliament, urging fast-tracking of the Residential Tenancies Act. Tourism momentum: Cayman recorded a record 333,747 stay-over guests Jan–July (+11% vs 2025), with hotel occupancy and rates rising in July even as cruise passenger numbers fell. Crypto compliance & fintech: BTCC highlighted its Sumsub-backed identity and AML automation, while Cayman-based Toobit was featured in CoinGecko’s 2026 security report. Business ecosystem: Eightpoint Technologies joined Enterprise Cayman and DMZ as a Programme Partner for the Launch Labs incubator.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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Aug. 24, 2026

Aero Services Credit Union picks Smart Solution’s Universa core banking platform

AGP

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Jun. 8, 2026

Entrepreneur Magazine hires CYPFER to bolster digital security

AGP

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Jun. 16, 2026

Biaurum Capital launches Cayman global macro fund on CV5 platform

AGP

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Jun. 11, 2026

Health City Cayman Islands launches Caribbean CME series on dementia and atrial fibrillation

AGP


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Attorney General Warns Of Decentralized Finance Cryptocurrency Exchanges

Attorney General Warns Of Decentralized Finance Cryptocurrency Exchanges


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Sep. 4, 2026

Phaos Technology Holdings (Cayman) Limited Announces Results of Extraordinary General Meeting

GlobeNewswire, Inc.

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Sep. 4, 2026

Eightpoint Technologies Joins Enterprise Cayman and DMZ as Programme Partner for Launch Labs Incubator

EIN Presswire

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Sep. 3, 2026

Attorney General Tong Warns Connecticut Consumers Against Unregulated Overseas Decentraliized Finance (Defi) Crypto Exchanges

The Office of Attorney General Connecticut

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Sep. 3, 2026

Aspida Appoints Brian Lewis as Chief Financial Officer of Aspida Re

GlobeNewswire, Inc.

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Sep. 1, 2026

Baosheng BVI and DirectBooking Technology Entered into AI Business Cooperation Framework Agreement

GlobeNewswire, Inc.

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Aug. 31, 2026

Oxbridge Re to Attend Rendez-Vous de Septembre in Monte-Carlo as Company Advances Reinsurance, Tokenization and AI Infrastructure Strategy

GlobeNewswire, Inc.

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