Most security companies in Cayman not licensed
The majority of the security firms have still not been licensed in accordance with the Private Security Services Law (2007) requiring that all privately-owned security companies and their employees are to be registered and to be regulated by the Royal Cayman Islands Police Service.
According to Cayman police, most security firms have at least begun the process of getting operating licences under the Private Security Services Law. This legislation became effective on September 1. Security firms and their employees operating in the Cayman Islands before September 1 have to become licensed under the new law until February 27.
A police spokesperson said that 15 security companies have completed licensing application forms and paid the necessary fees to achieve compliance. Another 15 firms have collected application forms but they have not been licensed yet.