53 results found

Collas Crill Corporate Services Limited (CCCS) provides 'in person' bespoke Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) training to in-scope persons.

The Anti-Money Laundering (Amendment) Regulations, 2024 were published by the Cayman Islands government on 19 April 2024 and are now in force. The amended regulations improve the Cayman Islands...

The Cayman Islands will be removed from the EU's list of jurisdictions with deficiencies in their AML/CFT regimes, effective 7 February 2024.

The Registrar for NPOs (non-profit organisations) has concluded that charitable organisations in the Cayman Islands pose a low risk for the financing of global terrorist activities.

As of today, 7 February, the EU has officially removed the Cayman Islands from its list of high-risk third countries with anti-money laundering, countering the financing of terrorism and counter...

Following the removal of the Cayman Islands from the Financial Action Task Force's list of "jurisdictions under increased monitoring" in October 2023...

The Cayman Islands has further improved its technical compliance with the 40 Financial Action Task Force (FATF) Recommendations relating to anti-money laundering and countering the financing of terrorism (AML/CFT).

The Office for Strategic Action on Illicit Finance (OSAIF) successfully hosted a three-day workshop bringing together public and private sector stakeholders to review current risks...

A revised version of the Cayman Islands Anti-Money Laundering Regulations was published in January 2023, which consolidates three sets of prior amendments to the AMLR that were made further to their publication throughout 2020 ...

The Cayman Islands Monetary Authority has introduced sweeping changes to anti-money laundering audit requirements for investment funds, mandating independent audits of entire compliance programmes by September 2026. This marks a fundamental departure from previous practice where internal AML officers could conduct their own testing, raising critical questions about implementation timelines, qualified auditor availability, and compliance costs for funds operating in the jurisdiction.

The updated strategy, which already has been implemented, builds upon Cayman's previous 2017 strategy.

Real estate agent and brokers, property developers and certain other Designated Non-Financial Businesses and Professions (DNFBPs)

Comments are welcomed on Government's proposals to reshape the Cayman Islands' beneficial ownership legislation, including by creating a single act to make the legislation more effective in fighting...

On 18 January 2024, the European Commission published the Delegated Regulation (EU) 2024163 (the "Regulation") in the Official Journal of the EU, pursuant to which the Cayman Islands...

The Cayman Islands, a renowned financial hub, is on the cusp of exiting the global 'grey list' of countries scrutinised for their efforts in combating money laundering and terror financing.

Recognising the shared intent to support a responsible, transparent global financial system, the Cayman Islands has updated our 2019 commitment to the UK by introducing plans...

The European Union (EU) is likely to place the Cayman Islands on its AML ‘blacklist', which will have consequences for EU CLO managers that utilise Cayman securitisation vehicles...