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ARTICLE · 25 AUGUST 2015

Money-Services Businesses To Continue

Cayman Islands Government
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Fast Funds has advised CIMA that it will suspend its money transfer services, effective today.

Cayman IslandsFinance and Banking
Ministry Of Financial Services
Ministry Of Financial Services
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Jamaica National Money Transfer, MoneyGram, and QuikCash have established new arrangements that will allow them to continue providing remittance services for Cayman Islands customers; and Western Union remains in fruitful discussions with interested parties, with the view of re-establishing operations as soon as possible, said Ministry of Financial Services and Cayman Islands Monetary Authority (CIMA) officials.

Fast Funds has advised CIMA that it will suspend its money transfer services, effective today.

'I think the community is well aware by now that all interested parties, and particularly the money services businesses (MSBs), have been working diligently to resolve this issue', said Minister of Financial Services Wayne Panton.

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