36 results found

Mr Michael Austin, Chairman of the Board of the Auditors Oversight Authority (AOA), is pleased to report AOA's application for membership in the International Forum of Independent Audit Regulators (IFIAR) has been approved and AOA is now a member of IFIAR.

On January 25th, 2019, the Cayman Islands Monetary Authority ("CIMA") published a Notice1 reminding entities which are registered with CIMA ...

Following consultation with industry, the Cayman Islands Monetary Authority (CIMA) has issued new regulatory procedures for Cayman Islands open-ended funds regulated under the Mutual Funds Act (Revised)...

Year-end preparations for financial firms are well underway, with the associated deadlines coming into view. Cayman Islands-based entities that are approaching or have reached the end...

The Bipartisan Budget Act of 2015 has introduced new partnership audit rules, which require entities that file a partnership tax return in the United States (Form 1065) to designate a Partnership Representative ...

The Bipartisan Budget Act of 2015 introduced new partnership audit rules, which require entities that file a partnership tax return in the United States (the "US") (Form 1065)...

Pursuant to the Cayman Islands Monetary Authority ("CIMA") notices issued on 14 December 2020 (found here) and 11 December 2020 (found here) respectively, CIMA has advised the following...

The Cayman Islands Monetary Authority (CIMA) has recently imposed administrative fines amounting to millions of Cayman dollars on those regulated entities who have failed to comply...

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.

In this episode, we discuss the latest on CIMA AML surveys, amendment laws and fines regime, DITC FI registration audit, AEOI reminders, SIBA RP inspections and the upcoming FAR deadline.

Following industry consultation in early 2016, the Cayman Islands Monetary Authority (CIMA) has published an updated policy on exemptions from the annual audit requirement for regulated Cayman Islands investment funds (the Policy).

The Auditors Oversight Law, 2011 (the "Law") was passed by the Legislative Assembly of the Cayman Islands in September 2011 and came into force on 1 May 2012, by Governor’s Order.

Cayman financial services providers, including entities carrying on securities investment business are required to comply with the Proceeds of Crime Law (2018 Revision), the Anti-Money Laundering Regulations (2018 Revision) ...

CIMA has historically allowed registered funds that have operated but are now being terminated to apply for a part-year audit waiver when the initial termination filings are made.

A Section 4(4) fund will not, however, be required to file an offering document (or any amendments) with CIMA.

This DMS Advisory reminds investment funds stakeholders of impending deadlines to be met...

Year-end deadlines and considerations for voluntary liquidation of a company based in the Cayman Islands.