Cayman to Enforce Libya Sanctions

By: - March 18th, 2011

Cayman Islands Attorney General Samuel Bulgin

The Cayman Islands financial industry is preparing for restrictive measures to execute U.N. Security Council and European Union sanctions against a number of Libyan nationals and entities. Cayman’s Attorney General, Samuel Bulgin, who is chair of the Anti-Money Laundering Steering Group in the territory, is advising banks of the impending measures. There are now 26 individuals on a list of persons and entities targeted by the sanctions, including Muammar Gaddafi and some of his family members.

Cayman Islands

Trinidad, Ghana Partner on Natural Gas

Trinidad and Tobago’s state-run National Gas Company has been tapped by the Ghana National Petroleum Corporation to supply energy for power plants in Ghana. “NGC is breaking new ground as it is the first state company to be extending its services and expertise beyond our shores,” said Carolyn Seepersad-Bachan, Trinidad’s energy minister. According to Ghanaian […]

Cayman Islands

Turks Governor: "Tough Decisions" Ahead

Gordon Wetherell, Governor of Turks and Caicos, said there were “tough decisions” ahead for the territory, as the United Kingdom seeks to execute a financial support package for the archipelago, which saw its constitution suspended in 2009 after a series of corruption allegations. “We need to use the breathing space [the package] provides to bring […]

Cayman Islands

New Bahamas Airport Terminal Opens

By the Caribbean Journal Staff The first stage in a $409.5 million airport redevelopment at Nassau’s Lynden Pindling International Airport has opened, with a new U.S. Departures Terminal arriving on time and at a cost of $198.1 million. The new terminal broke ground 20 months ago. The new terminal includes a branded Heineken lounge, three […]

Bahamas, Chinese Firm Agree on Infrastructure Projects in Abaco, Exuma

 The Bahamas signed a memorandum of understanding with China Harbour Engineering Company Ltd. that will see the Chinese company perform infrastructure work on several islands, including Abaco and Exuma. The projects include a bridge between Little and Great Abaco, a port and highway in Exuma and the design and construction of the North Abaco Port […]

Lightbourne: U.S. Didn't Want to Listen

 Jamaican Justice Minister Dorothy Lightbourne took the stand in the high-profile Commission of Enquiry yesterday, and charged that the Christopher Coke affair could have been resolved far earlier if not for the approach of the United States. “I think that what happened in this case is that the United States is not used to being […]

Interview with Bahamas Tourism Minister Vincent Vanderpool-Wallace

 The Bahamas signed a memorandum of understanding with China Harbour Engineering Company Ltd. that will see the Chinese company perform infrastructure work on several islands, including Abaco and Exuma. The projects include a bridge between Little and Great Abaco, a port and highway in Exuma and the design and construction of the North Abaco Port […]

CARICOM Mourns Sir Allan Fitzgerald Louisy, Former St. Lucian Prime Minister

 By the Caribbean Journal Staff The condolences have poured in from across the region for the loss of Sir Allan Fitzgerald Louisy, who served as Prime Minister of St. Lucia from 1979-1981, along with a five-year stint as the leader of the opposition. Louisy was also a former Judge of the Eastern Caribbean Supreme Court. […]