AGP Executive Report
Last update: 9 hours agoCayman Finance & Governance: The Cayman Islands’ role in a major Lebanon-linked embezzlement probe is back in focus after appellate prosecutor Judge Samranda Nassar questioned former Banque du Liban governor Riad Salameh at his residence, with the investigation pointing to four offshore companies set up in Cayman. Crypto & Markets: Franklin Templeton filed with the SEC for two ETFs that would reinvest US stock dividends into Bitcoin exposure, using a “DRIP” structure that starts with a 5% Bitcoin allocation and can involve Cayman-linked entities. Local Economy & Infrastructure: The Water Authority-Cayman has completed pilot well drilling for new reverse osmosis plants on Cayman Brac (Bluff) and Little Cayman, with lab results due later this year. Public Policy: Opposition Leader Joey Hew says the government’s parliamentary agenda lacks substantive business, arguing the NCFC is still struggling to reach consensus on key issues. Business & Real Estate: Maples Group signed a long-term deal to establish its new Cayman headquarters at 90 Nexus Way, Camana Bay, consolidating teams in one major commercial move. Digital Payments: CIBC Caribbean says its Visa and Mastercard cards can now be added to Google Wallet in the Cayman Islands and other markets, with Google Pay rolling out from June 9. Public Safety: A former RCIPS staffer, Courtney Bush Myles Jr, was sentenced to 11 years and eight months for a firearms and ammunition smuggling conspiracy and misconduct in public office.
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