June 30, 2022

Cayman Islands AML/CFT new regime

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From Hubbis The Cayman Islands AML/ CTF regime includes, amongst other things, the Proceeds of Crime Law (2018 Revision), the Anti-Money Laundering Regulations (2018 Revision) (“AML Regulations”), and the December 2017 Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands (the “Guidance Notes”). Mandatory Anti Money Laundering […]

Measures to ensure good governance for Cayman Island Funds

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NEW YORK, NY / ACCESSWIRE / April 15, 2019 / The Cayman Islands has established itself as the domicile of choice for offshore hedge funds. Around 85% of the world’s hedge funds are domiciled in the Cayman Islands, enabling the jurisdiction to outrank competing offshore centers (BVI, Bermuda and Jersey among them) as the top spot […]

The Cayman Islands Anti-Money Laundering Regulations 2017

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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 […]