Cayman Islands insurance head reveals how he will meet international standards
From Captive Insurance Times Cayman Islands After being appointed as permanent head of insurance supervision in Cayman in July, Ruwan Jayasekera reveals how he will continue to strive to meet international best practices and standards while encouraging innovation and sophistication…
In the matter of Caledonian Bank Limited (In voluntary liquidation) (Unreported) (12 February 2015)
From Conyers Dill & Pearman APPLICATION FOR SUPERVISION ORDER – BANKS AND TRUST COMPANIES LAW (2013 REVISION), S.18 – BANKRUPTCY LAW (1997 REVISION), S.18 – WHETHER APPOINTMENT OF CONTROLLERS TAKES PRECEDENCE OVER APPOINTMENT OF VOLUNTARY LIQUIDATORS The US Securities and…
Significant new enforcement powers for the Cayman Islands Monetary Authority
By Lucy Frew and Michael Padarin From Walkers 27 October 2016 The Cayman Government is proposing legislative changes which would give the Cayman Islands Monetary Authority (CIMA) significant new powers to impose administrative fines on licensed and regulated individuals and entities. These…
Cayman Islands Monetary Authority launches public education campaign
GRAND CAYMAN: The Cayman Islands Monetary Authority (CIMA) has launched a 12-week radio campaign, in an effort to raise public awareness on its role and functions. The Authority plays a vital role in the Cayman Islands financial services industry. Therefore…
Cayman Islands Monetary Authority provides development opportunities for young Caymanians
Each year, the Cayman Islands Monetary Authority (CIMA) provides career-development opportunities to young Caymanians who are looking to gain valuable work experience. The Authority also awards scholarships to students who are seeking to further their education in the Finance and…
Kenneth Rijock’s Financial Crime Blog
Analysis and Commentary on Money Laundering and Financial Crime Kenneth Rijock Saturday, August 13, 2016 ELEVATE COUNTRY RISK ON THE CAYMAN ISLANDS FOR 2016 IMAGES: Cindy Scotland, CIMA MD, Det. Supt. Peter Landsdown, RCIPS One of the key indicators through…
Termination of Cayman Islands regulated mutual funds
By Caroline Heal and Prasana Walkers From Mondaq Early action to reduce costs and minimise 2017 fees If you are considering winding up a Cayman Islands regulated mutual fund (a “Fund”), it would be prudent to start the process now with a…
Cayman Islands Monetary Authority warns of counterfeit notes in circulation
The Cayman Islands Monetary Authority (CIMA) has been made aware by the Financial Crimes Unit (FCU) of the Royal Cayman Islands Police Service that they are in receipt of counterfeit KYD notes, which were collected during the period 12-26 July….
CAYMAN ISLANDS – Fundraising
By Nicholas Butcher and Iain McMurdo, Maples and Calder From The Private Equity Review, 5th Ed.: Cayman Islands I GENERAL OVERVIEW The Cayman Islands (Cayman) are home to a well-established and ever-growing domicile for private equity funds. This can be…
ADGM and Cayman Islands Monetary Authority sign MoU on Bilateral Cooperation
From CPI FINANCIAL The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Cayman Islands Monetary Authority (CIMA) signed a Memorandum of Understanding (MoU) putting in place a framework for mutual assistance and exchange of information…
