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Compass News
3 held for drugs on Cayman Brac
Three Cayman Brac residents have been detained by police after drug seizures on Wednesday.
Police found suspected crack cocaine and ganja inside a vehicle. Initially, two men in their sixties were detained, and a third man was subsequently arrested.
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Cayman Compass
Santander closes Cayman resident’s UK bank accounts
A dispute between a Cayman resident and Santander UK revealed the bank considers Cayman a financial crime risk.
Santander closed two UK bank accounts of Cayman resident and UK citizen Janice Brown on 15 April 2024. The bank later revealed that one factor in its decision was Brown’s Cayman connection.
In a 13 Feb. 2025 letter to Brown, Santander said: “The bank has legal and regulatory obligations to ensure it manages its financial crime risk, including its exposure to other jurisdictions. The bank has assessed the Cayman Islands as a jurisdiction where its exposure should be restricted.
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