Managers of Wealth Offshore

AI ruling from Bermuda Supreme Court

The defendant party provided expert evidence that it was able to comply with its e-disclosure obligations at a relatively compressed time frame

US extends visa bond requirement to some Caribbean countries

The original list of 13 countries announced in August 2025 has since been expanded by 25 more, bringing the total to 38.

Merkanti Bank to surrender licence amid plans to ‘streamline’ operations

All its customer deposits are set to be repaid in full, with the move to an unregulated entity taking place over the “coming months”.

Cayman funds urged to close beneficial ownership gaps

“The regulations are clear that whoever acts as contact person must have the operational ability to access beneficial ownership information.”

More board shake-ups as BOJ sets new rules

The BOJ published a consultation paper in December 2024

Publications Clarifying Schedule 2: The JFSC's proposals for revision of guidance for Article 36 of the Proceeds of Crime Law

The Draft Guidelines make it clear that reconsidering and reassessing whether activities are caught is an obligation and one which must be ongoing, especially where there are trigger events.

Amendments to Bermuda’s Beneficial Ownership Act

The Registrar is continuing to develop Regulations and Guidance Notes to provide practical direction on compliance obligations under the Act.

Upcoming changes to CRS regulations

The Regulations also introduce enhanced due diligence and data quality requirements

Fund Finance x Crypto: Luxembourg

The Luxembourg framework has since then been supplemented by the MICA Regulation8

The Companies (Prohibition of Bearer Shares and Nominee Directors) Amendment Act 2025

The Companies Act has been amended to explicitly prohibit the appointment of any person, in any circumstances

Internal inquiry recommends HSA board pay back some funds

Audit report released under FOI Law

ONE | GT partnership creates employment pathways for Caymanians

In a press release, the ministry said that after the Tourism and Hospitality Career Open House in September 2025, eight formal offers were made outright to Caymanians by ONE | GT.

Late cash surge lifts December currency growth to central bank’s target

This final outturn was largely in line with the BOJ’s projection, made on December 11, for 7 per cent growth.

No need to fear for future of NCB, says financial analyst

Under the agreement, AIC is required to make payments totalling just over US$94 million by December 31

Cayman implements financial services fee rises from 1 January

For mutual funds and private funds, the changes introduce consolidated annual fees, CIMA said.

Non-Caymanian civil servant term limit regulations near completion

The deputy governor, who is retiring this July, noted the legislation was delivered within months of the new government being elected.

Banks push back on holiday ‘hacking’ claims, cite seasonal seasonal card processing anomalies

Bowe said the social media commentary overlooks the extensive safeguards built into the banking system, particularly the audit trails attached to electronic fund movements.

Money in circulation rises 17 percent

MMA said it launched an Open Market Operation (OMO) in August last year to manage liquidity levels, injecting MVR 2.1 billion into the economy.

2025 Year in Review: Financial services firms weigh up Cayman’s fee increases

The combination of higher fees and increased financial services activity helped to swell government revenues.

Bank offers funding to boost Caribbean creative economy

The grants are open to governments and universities as well as non-governmental, community-based and business support organisations.

Regulation, Risk & Compliance