Monetary Authority Act News Today

Since the enactment of the Monetary Authority (Administrative Fines) (Amendment) Regulations (2022 Revision) (the “Fines Regulations”), the Cayman Islands has witnessed a continuous...

Since the introduction of the Insurance Act in 1979, the Cayman Islands has established itself as one of the largest, and most sophisticated, centres for international insurance...

Minister André Ebanks (CNS): Financial Services Minister André Ebanks, Attorney General Samuel Bulgin and other government officials were in Mexico last week continuing efforts to get the Cayman Islands off the Financial Action Task Force (FATF) grey list of jurisdictions when it comes to money laundering. Cayman is still on the 'watch' list, as concerns…

During the latest meeting of Parliament, which took place on 26-28 April, seven amendment Bills that strengthen the Cayman Islands Monetary Authoritys (CIMA) p

Seven amendment Bills, proposed to strengthen the Cayman Islands Monetary Authoritys (CIMA) powers to apply proportionate and dissuasive sanctions to all types

(CNS): Seven amendment bills to strengthen the powers of the Cayman Islands Monetary Authority (CIMA) and widen the anti-money laundering net have been published in the government gazette. The bills propose changing laws that were passed as far back as 2010 and as recently as 2021 to help the regulator apply "proportionate and dissuasive sanctions"…

Since the enactment of the Monetary Authority (Administrative Fines) (Amendment) Regulations (2022 Revision) (the “Fines Regulations”),1 the Cayman Islands has witnessed a continuous...

The Governor’s assent to a Bill that amends the 1969 Bermuda Monetary Authority Act brings in force changes to the authority’s oversight with respect to the conduct of the business of financial instit...

Cayman Islands Fintech Funds: Rise, Regulations and Preferred Structures