Registrar of Companies Enforces Cayman’s Beneficial Ownership Regime

Registrar of Companies Enforces Cayman’s Beneficial Ownership Regime

As of 1 February 2021, the RoC had levied 19 administrative fines – at a rate of $5,000 per fine – against companies for noncompliance with beneficial ownership (BO) requirements. Head of Compliance Paul Inniss noted that warning letters were sent to the companies...
Older Persons Eligible for Discounts Requesting Birth Certificates

Older Persons Eligible for Discounts Requesting Birth Certificates

Cabinet approved the discount, which also applies to applicants requesting the certificate on behalf of senior citizens. A fee reduction of 50% is in effect for the issuance of birth certificates for persons aged sixty-five and older. The new fee is $5 – which is a...
Virtual Asset Enforcement Provisions Commenced

Virtual Asset Enforcement Provisions Commenced

The commencement order was published on 28 October 2020.   These enforcement provisions allow the Cayman Islands Monetary Authority (CIMA) to take action where a person breaches certain provisions of the VASP Act.   For more information, email CIMA at...