Mondaq All Regions - Cayman Islands: Government, Public Sector
Walkers
On 9 August 2019, the Cayman Islands Monetary Authority published a Notice to Industry to remind all persons currently registered as excluded persons under the Securities Investment Business Law...
Maples Group
In a climate of heightened risk, alongside severe penalties and enforcement actions, the appointment of the Anti-Money Laundering Compliance Officer, with the right level of expertise and institutional support, is of pivotal importance.
Cayman Islands Government
Government is presenting 11 bills, to further strengthen Cayman's anti-money laundering and counter financing of terrorism (AML/CFT) regime, to the Legislative Assembly on Wednesday, 24 July.
Ogier
Entities registered with the Cayman Islands Monetary Authority (CIMA) as excluded persons under the Securities Investment Business Law (2019 Revision) (SIB Law)
Bedell Cristin Cayman Partnership
The Bill proposal is to change the definition of ‘money laundering regulations' in section 2 of the MAL.
Cayman Islands Government
Failure to comply may result in administrative penalties being applied, Mr Rajkumarsingh said.
Ogier
Real estate agent and brokers, property developers and certain other Designated Non-Financial Businesses and Professions (DNFBPs)
Ogier
Generally there was a clear understanding of the reliance concept, it being the predominant compliance option taken by investment funds.
Walkers
This advisory provides a summary of the key points only and we would be happy to advise in further detail if required.
Maples Group
The Cayman Islands achieved ratings of either Compliant or Largely Compliant for 27 out of the 40 Recommendations, with no 'Non-Compliant' ratings.
Cayman Islands Government
As such, Cayman's legislation is based on the global standards, and we will continue to adhere to global standards with regard to economic substance requirements for relevant entities.
Walkers
Irish anti-money laundering and counter-terrorist financing ("AML/CFT")
Dillon Eustace
On January 25th, 2019, the Cayman Islands Monetary Authority ("CIMA") published a Notice1 reminding entities which are registered with CIMA ...
Walkers
Over the course of the last year, amendments to the Cayman Islands' Proceeds of Crime Law (2018 Revision) and Anti-Money Laundering Regulations (2018 Revision)
Conyers
Cayman financial services providers, including entities carrying on securities investment business are required to comply with the Proceeds of Crime Law (2018 Revision), the Anti-Money Laundering Regulations (2018 Revision) ...
Appleby
The Cayman Islands government has published draft legislation that will require certain Cayman Islands entities carrying on specified activities to have ‘adequate substance' in the Cayman Islands.
Conyers
The deadline for regulated funds to notify the Cayman Islands Monetary Authority of their appointment of an Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer and Deputy Money Laundering Reporting Officer ...
Dillon Eustace
Amendments have been published to the Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands, December 2017 version.
Maples Group
The Cayman Islands Monetary Authority ("CIMA") has released updated Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands (the "Guidance Notes").
Walkers
Following the result in the United Kingdom's EU referendum, a new Brexit vocabulary has been created to explain the many different and complicated arrangements that may result from Brexit
Most Popular Recent Articles
Cayman Islands Government
Government is presenting 11 bills, to further strengthen Cayman's anti-money laundering and counter financing of terrorism (AML/CFT) regime, to the Legislative Assembly on Wednesday, 24 July.
Ogier
Entities registered with the Cayman Islands Monetary Authority (CIMA) as excluded persons under the Securities Investment Business Law (2019 Revision) (SIB Law)
Campbells
In response to the FATF recommendations to combat money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction, there have been significant changes to the anti-money...
Maples Group
As clients of this firm will be aware from our previous communications and updates, all persons registered with the Cayman Islands Monetary Authority ("CIMA") as "Excluded Persons" ...
Walkers
The September 30, 2018, deadline for funds formed in the Cayman Islands to comply with the new requirement ...
Dillon Eustace
On January 25th, 2019, the Cayman Islands Monetary Authority ("CIMA") published a Notice1 reminding entities which are registered with CIMA ...
Ogier
Generally there was a clear understanding of the reliance concept, it being the predominant compliance option taken by investment funds.
Conyers
Cayman financial services providers, including entities carrying on securities investment business are required to comply with the Proceeds of Crime Law (2018 Revision), the Anti-Money Laundering Regulations (2018 Revision) ...
Appleby
Officers and details as to how investors may obtain further information in respect of these officers.
Cayman Islands Government
Failure to comply may result in administrative penalties being applied, Mr Rajkumarsingh said.
Dillon Eustace
On September 24, 2018, the Cayman Islands Monetary Authority (CIMA) published a notice confirming and extending the deadlines for the appointment and notification by funds of their Anti-Money Laundering Compliance Officer.
DMS Governance Ltd
The Cayman Islands Monetary Authority (the "Authority") outlines below, for your reference, its response to frequently asked questions relating to the AMLRs/GN in relation to funds:
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