09/22/2023
CIMA Confirms E-KYC and Remote CDD for Cayman
The acknowledgement was included in CIMA’s latest AML guidance
Regulation, Risk & Compliance
09/22/2023
Making a will in the Cayman Islands
This is particularly recommended for individuals who are not domiciled in the Cayman Islands
09/22/2023
Consensus sought for digital asset rules
“The market will be a resilient one,” Mr Fahmi said. “The convergence between traditional and digital assets will continue.”
09/22/2023
OfReg Seeks Bids For Advanced Licensing System To Streamline Functions
Advanced Licensing System Will Allow Users To Submit License Applications Through An Online Portal
09/21/2023
BMA registered two new insurers in August
In addition to the 39 insurers registered this year to date, the BMA has registered four intermediaries.
09/21/2023
Bahamas and Botswana Sign MOU on Mutual Development
“Through this agreement, we aim to foster deeper collaboration, leverage our unique strengths, and jointly address challenges to ensure mutual progress.”
09/21/2023
Cayman Islands’ Corporate Governance Rule and Internal Controls Guidance and Rule
Conyers will be able to advise further actions to be taken where gaps or deficiencies are identified.
09/21/2023
Bermuda re/insurance incorporations trailing behind 2022 figures
The BMA confirmed the licensing of two re/insurers in August, bringing the total number for the year to date to 43.
09/21/2023
CDB Mission visits Grenada to boost project implementation
Government of Grenada has welcomed a Mission from the Caribbean Development Bank (CDB) for a series of engagements to drive the implementation of CDB-funded projects.
09/20/2023
Private sector needs to lead new economic direction, Caruana tells businesses
Government must be bold in cutting down on inefficiency and support change, Finance Minister argues
09/20/2023
IGI redeems warrants for $16.4 million
The warrants were exercisable at a share price of $11.50. IGI shares currently trade on Nasdaq at a price of $11.40, having climbed from $8.05 in May.
09/20/2023
The Commercial Entities (Substance Requirements) Act, 2023
CESRA mandates that all Registered Agents must submit this report to the Ministry of Finance within nine (9) months of an entity’s fiscal year-end.
09/20/2023
Companies slow to capitalise on BMA’s sandbox
The BMA is looking to attend more conferences and forums.
09/18/2023
FSC leak
Hacked files dumped on dark web
09/18/2023
Foreign arrivals up 45 percent in Q2, Central Bank reports
“Disaggregated by major ports of entry, tourist arrivals to New Providence rose by 37.7 percent to 1.1 million visitors, vis-à-vis the 0.8 million passengers in the year prior,” the Central Bank reported.
09/18/2023
The rule in Hastings-Bass under Cayman Islands’ statute
The Court will intervene to protect the interests of the innocent beneficiaries of the trust by setting aside the exercise, whether or not the beneficiaries might also have causes of action against the trustees or their advisers.
09/18/2023
"New rights, enshrined in law"
[Trading Standards Service] have also updated their pages on gov.gg
09/18/2023
Mauritius revoked licences of firm linked to Adani investors, reports Indian Express
The Emerging India Fund Management is the controlling shareholder of two overseas investors of Adani that are under investigation in India.
09/15/2023
Updated Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation Financing in the Cayman Islands
The Updated Guidance Notes replace the previous version issued by CIMA on 5 June 2020, as supplemented in February 2021 and May 2021.
09/15/2023
Exemptions to the licensing requirements of the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022
The class exemptions are set out according to the type of licence that would otherwise be required.