AGP Executive Report
Last update: 10 hours agoFinancial Services: Cayman has entered the assessment phase of its fifth-round CFATF review, with an on-site visit due late next year. The review will test not just the rules, but how effectively the jurisdiction supervises, investigates and prosecutes financial crime. Public Finances: The government now expects a CI$26.6 million year-end surplus, CI$16.6 million above its original forecast, despite approving nearly CI$45 million in extra spending. The 2026 budget has risen by almost CI$180 million. Property and Investment: Real estate sales through September are nearing $1 billion, with condo prices still climbing and inventory tight. Dart’s new Camana Bay project, The Brya, will add 166 rental homes, offices and retail space by 2028. Parliament also unanimously backed work towards a Cayman sovereign wealth fund, while Cayman’s investment in the UK economy has more than doubled to £99 billion.
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