Cayman Officially Delisted from EU AML List

Cayman Officially Delisted from EU AML List

The EU Commission removed the Cayman Islands from its AML list following the publication of its Delegated Act. Cayman’s delisting from the EU AML list was in line with previous EU protocol.
Amendments Proposed to Strengthen CIMA’s AML Enforcement, Information Sharing

Amendments Proposed to Strengthen CIMA’s AML Enforcement, Information Sharing

The Bills are: Monetary Authority (Amendment) Bill, 2023; Companies Management (Amendment) Bill, 2023; Directors Registration and Licensing (Amendment) Bill, 2023; Insurance (Amendment) Bill, 2023; Money Services (Amendment) Bill, 2023; Securities Investment Business...
Minister Ebanks Leads Cayman’s AML Delegation to Nicaragua

Minister Ebanks Leads Cayman’s AML Delegation to Nicaragua

The Cayman delegation will engage with the Americas Joint Group (Joint Group), a sub-working group of the FATF’s International Co-operation Review Group (ICRG), during a face-to-face meeting on Thursday, 8 September, in Nicaragua.   The face-to-face meeting...
Cayman’s FATF Progress Also Addresses Expected EU Listing

Cayman’s FATF Progress Also Addresses Expected EU Listing

By progressing to completion the Financial Action Task Force plan, thereby addressing remaining AML issues with our regime, the Cayman Islands intends to be removed from the list of jurisdictions the FATF is monitoring for AML effectiveness; and from an expected...
Financial Services Ministry Presents Three Bills in Parliament

Financial Services Ministry Presents Three Bills in Parliament

The Virtual Asset (Service Providers) (Amendment) Bill, 2020, Companies (Amendment) (No. 3) Bill, 2020, and the Property (Miscellaneous Provisions) (Amendment) Bill, 2020 were presented by the Minister of Financial Services, the Hon. Tara Rivers.   The Virtual...