The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Not a money-launderer in sight


John Grisham got it wrong of course. Grand Cayman is not a place where private aircraft land at night and men in dark glasses deliver bulging suitcases of banknotes to dummy banks sporting no more than brass nameplates.

No, this is an island of sun, sea and fun. Though the traffic jam from Seven-Mile Beach to George Town on a good day is a maximum of seven miles long. Those bankers, housewives, accountants, lawyers, hoteliers and diving instructors in their high-performance 4x4s can only rev their engines, turn up Superjam on Radio Cayman and empathize with their counterparts in the Brooklyn Tunnel or on the Hammersmith Flyover. No-one has yet found a way to reduce this senseless waste of executive time. It can take an hour to travel three miles to luncheon at the Grand Old House - nearly as bad as Istanbul or Bangkok. Bus lanes, road-pricing, allowing odd- and even-numbered cars out on alternate days, probably nothing would deter the persistent Caymanian from getting into that queue. Motorbikes are heavily taxed and pedal cyclists risk being injured by drivers whose average competence is truly appalling. Even using taxis is more than usually dangerous: most of them are US-made minibuses with sliding doors on the wrong side for left-driving Cayman, so passengers step out into the stream of traffic.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree