Cayman Islands

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Cayman Islands

Cayman Islands (kāˈmən), British dependency (2015 est. pop. 60,000), 100 sq mi (259 sq km), comprising three low-lying islands in the West Indies. George Town, the capital and chief port, is on Grand Cayman; the other islands are Little Cayman and Cayman Brac. The British monarch is the head of state, and is represented by a governor. There is an 18-seat Legislative Assembly; the government is headed by the premier. The Cayman Islands are divided into eight administrative districts.

The largely Christian, English-speaking population is about 40% mixed European and African ancestry, 20% white, and 20% black. Finance and luxury tourism are the economic mainstays of the islands, which are an international center for offshore banks, insurance companies, and mutual funds. Almost all goods are imported, primarily from the United States.

The islands were sighted by Christopher Columbus in 1503, but were colonized by the British beginning in the 1800s. Administered from Jamaica after 1863, they became a separate British crown colony when Jamaica became independent in 1962. In 2004, Hurricane Ivan brought widespread destruction to the islands.

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Cayman Islands


a British possession in the West Indies, in the Caribbean Sea. The territory consists of the Grand Cayman, Little Cayman, and Cayman Brae islands. Area, 259 sq km. Population, 10, 600 (1970 census). The inhabitants are Creoles, Negroes, and mulattoes; more than 80 percent live on Grand Cayman. Administrative center, Georgetown.

The islands are governed by a representative of the British crown. The main industries are agriculture, catching caimans and turtles, salt mining, and tourism. The Caymans were discov-ered by Christopher Columbus in 1503.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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SFA spokesman Andy Mitchell said: "We have now been informed by FIFA that they have told the Cayman Island officials other guidelines apply."
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Cayman Airways Sets Service Between Dallas and the Cayman Islands. Cayman Airways announced non-stop service from Dallas/Fort Worth International Airport to Grand Cayman beginning this June.
Two Cayman Islands residents and a Turks & Caicos Islands (TCI) attorney were arrested for money laundering under an indictment unsealed in the US District Court for the Eastern District of Virginia, reports Caribbean News Now (March 21, 2014).
Companies Mentioned in this Report: Colina Insurance Ltd, Cayman First Insurance Company Ltd, BF&M General Insurance Group Ltd, Sagicor Life of the Cayman Islands Ltd
Georgetown, Cayman Islands, March 23, 2015 --( CayFilm Cayman International Film Festival (June 18-21, 2015) will present Teri Schwartz, Dean of the UCLA School of Theater, Film and Television (UCLA TFT), with the inaugural Award for Outstanding Achievement in Film Producing.
The Cayman Islands reportedly is considering changes to its AML/CFT regime, including incorporating a risk-based approach in money laundering regulations; implementing a supervisory framework for DNFBPs and non-profit organizations, imposing administrative penalties for financial and DNFBP supervisors; incorporating tax crimes as a money laundering offense under the Proceeds of Crime Law; and increasing human resources for the FRA and the Financial Crimes Unit of the Royal Cayman Islands Police Service.

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