Mondaq Offshore - Cayman Islands: Government, Public Sector
Solomon Harris
The Bill proposal is to change the definition of ‘money laundering regulations' in section 2 of the MAL.
Cayman Islands Government
Failure to comply may result in administrative penalties being applied, Mr Rajkumarsingh said.
Ogier
Real estate agent and brokers, property developers and certain other Designated Non-Financial Businesses and Professions (DNFBPs)
Ogier
Generally there was a clear understanding of the reliance concept, it being the predominant compliance option taken by investment funds.
Walkers
This advisory provides a summary of the key points only and we would be happy to advise in further detail if required.
Maples Group
The Cayman Islands achieved ratings of either Compliant or Largely Compliant for 27 out of the 40 Recommendations, with no 'Non-Compliant' ratings.
Cayman Islands Government
As such, Cayman's legislation is based on the global standards, and we will continue to adhere to global standards with regard to economic substance requirements for relevant entities.
Walkers
Irish anti-money laundering and counter-terrorist financing ("AML/CFT")
Dillon Eustace
On January 25th, 2019, the Cayman Islands Monetary Authority ("CIMA") published a Notice1 reminding entities which are registered with CIMA ...
Walkers
Over the course of the last year, amendments to the Cayman Islands' Proceeds of Crime Law (2018 Revision) and Anti-Money Laundering Regulations (2018 Revision)
Conyers
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) ...
Appleby
The Cayman Islands government has published draft legislation that will require certain Cayman Islands entities carrying on specified activities to have ‘adequate substance' in the Cayman Islands.
Conyers
The deadline for regulated funds to notify the Cayman Islands Monetary Authority of their appointment of an Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer and Deputy Money Laundering Reporting Officer ...
Dillon Eustace
Amendments have been published to the Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands, December 2017 version.
Maples Group
The Cayman Islands Monetary Authority ("CIMA") has released updated Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands (the "Guidance Notes").
Ogier
The on-going industry consultation with the Cayman Islands Monetary Authority (CIMA) has resulted in further clarification in respect of the Anti-Money Laundering Regulations (2018 Revision) (AML Regulations) and the Guidance Notes issued in December 2017.
Dillon Eustace
On September 24, 2018, the Cayman Islands Monetary Authority (CIMA) published a notice confirming and extending the deadlines for the appointment and notification by funds of their Anti-Money Laundering Compliance Officer.
Intertrust
Colin MacKay, regional commercial director in Caribbean and Latin America, assesses what Cayman's AML regulations mean for businesses on the island.
Dillon Eustace
On September 24, 2018, the Cayman Islands Monetary Authority (CIMA) published a notice confirming and extending the deadlines for the appointment and notification by funds ...
Walkers
Following the result in the United Kingdom's EU referendum, a new Brexit vocabulary has been created to explain the many different and complicated arrangements that may result from Brexit
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Cayman Islands Government
Failure to comply may result in administrative penalties being applied, Mr Rajkumarsingh said.
Campbells
In response to the FATF recommendations to combat money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction, there have been significant changes to the anti-money...
Walkers
The September 30, 2018, deadline for funds formed in the Cayman Islands to comply with the new requirement ...
Dillon Eustace
On January 25th, 2019, the Cayman Islands Monetary Authority ("CIMA") published a Notice1 reminding entities which are registered with CIMA ...
Ogier
Real estate agent and brokers, property developers and certain other Designated Non-Financial Businesses and Professions (DNFBPs)
Maples Group
As clients of this firm will be aware from our previous communications and updates, all persons registered with the Cayman Islands Monetary Authority ("CIMA") as "Excluded Persons" ...
Ogier
Generally there was a clear understanding of the reliance concept, it being the predominant compliance option taken by investment funds.
Walkers
This advisory provides a summary of the key points only and we would be happy to advise in further detail if required.
Appleby
Officers and details as to how investors may obtain further information in respect of these officers.
Maples Group
The Cayman Islands achieved ratings of either Compliant or Largely Compliant for 27 out of the 40 Recommendations, with no 'Non-Compliant' ratings.
Dillon Eustace
On September 24, 2018, the Cayman Islands Monetary Authority (CIMA) published a notice confirming and extending the deadlines for the appointment and notification by funds of their Anti-Money Laundering Compliance Officer.
Conyers
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) ...
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