October 23, 2019

The Cayman Islands Anti-Money Laundering Regulations 2017

Pin It

From KB Associates The Anti-Money Laundering Regulations, 2017 (the “Regulations”) of the Cayman Islands which came into force on 2nd October 2017 have expanded the scope of the Cayman Islands Anti-Money laundering (“AML”) regime. In mid-December 2017, the Cayman Island Monetary Authority (“CIMA”) issued updated Guidance Notes under the Regulations (the “Guidance Notes”). These Guidance […]

New Anti-money Laundering Regulations come into force

Pin It

By Patrick Colegrave Harneys From ILO Introduction The government has adopted updated Anti-money Laundering Regulations which came into force on October 2 2017. The regulations demonstrate the Cayman Islands’ ongoing commitment to comply with the highest international standards on combating money laundering and terrorist financing, and aim to ensure consistency with the Financial Action Task […]

Cayman Islands: The Anti-Money Laundering Regulations, 2017

Pin It

By Martin Livingston, Tim Dawson, Adam Huckle From Maples The Anti-Money Laundering Regulations, 2017 (“AML Regulations“) were gazetted on 20 September 2017 and come into force on 2 October 2017.  The Money Laundering Regulations (2015 Revision) have been repealed and the Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in […]

Cayman Islands Automatic Exchange of Information Update – April 2016

Pin It

By Tim Clipstone, Christopher Capewell, Tim Dawson, Tim Frawley, Patrick Head, Martin Livingston, Alasdair Robertson, Tahir Jawed, Andrew Quinn, Richard Grasby, Harjit Kaur, Michael Gagie From Maples Unless otherwise stated, capitalised terms used herein shall have the meaning given to them in prior updates.  Guidance Notes on the Common Reporting Standard Issued  The Cayman Islands Department […]

Revised FATCA Guidance Notes Issued

Pin It

Article by Christopher Capewell, Jon Fowler, Tim Frawley, Martin Livingston, Alasdair Robertson and Richard Grasby Maples and Calder The Cayman Islands Tax Information Authority (“Cayman TIA”) issued the second official version of the Cayman Islands FATCA Guidance Notes (the “Guidance Notes”) on 15 December 2014. A copy of the Industry Advisory and the Guidance Notes […]

iNews Briefs

Pin It

OffshoreAlert reports Cayman’s Bryce Merren should plead guilty and is requesting extension of time From OffshoreAlert: Cayman’s Bryce Merren ‘should plead guilty’, says counsel August 04, 2014 – Cayman Islands resident Bryce Merren, who has been criminally indicted on three counts of cocaine trafficking and money laundering, will be advised by his counsel to enter […]

FATCA UPDATE: Cayman Islands TIA issues guidance notes

Pin It

Guidance Notes on the International Tax Compliance Requirements of the Intergovernmental Agreements between the Cayman Islands and the United States of America and the United Kingdom, Version 1.0. On 22 July 2014, the Cayman Islands (‘Cayman’) Tax Information Authority (‘TIA’) issued the first version of its Guidance Notes to accompany the recent amendments made to […]

BVI Government signs Model 1B IGA in relation to FATCA

Pin It

By Ross Munro From Harneys The BVI Government has signed a Model 1B (non-reciprocal) Intergovernmental Agreement (IGA) in relation to the US Foreign Account Tax Compliance Act (FATCA), it was announced on 30 June 2014. The IGA can be accessed here. As expected the final IGA is in substantially the same form as the model […]