Cayman Regulatory Blog
Welcoming our Luxembourg Affiliate – Caystone Solutions Luxembourg
We are delilghted to announce that Caystone Solutions Luxembourg has joined the global m advisory familly of service providers. Caystone Luxembourg provides a broad range of services to establish and administer a wide range of corporate structures. Thorough this...
Residency in the Cayman Islands – what are the options
The Cayman Islands is one of the World's most attractive destinations for those seeking a seccond residency. It boasts some of the World's most desirable real estate, including miles of ocean front properties, and one of the World's highest quality of life, safety,...
Cayman further modernizes its Companies Act – 2024 Amendments
In March 2024, the Cayman Islands Government gazetted the Companies (Amendment) Act, 2024 (“2024 Amendment Act”), which, once brought into full effect, will further modernize the Companies Act by enabling companies to do the following: Reduce its share capital. The...
Cayman removed from EU “gray list”
On January 18, the European Union published Regulation 2024/163 in the Official Journal of the EU (Regulation). The Regulation removes the Cayman Islands from the list of high-risk jurisdictions (EU AML List). The Regulation was adopted on December 12, 2023, and came...
Cayman Islands Banking Supervision Alert – Consolidated Supervision Policy published by CIMA
Consolidated Supervision of Banks In November of 2023 CIMA (CIMA or Authority) published its Regulatory Policy on Consolidated Supervision (Policy) in relation to regulated entities, and in particular, banks that are part of a group encompassing entities regulated...
CIMA circular on key aspects to implementing and maintaining effective remediation of AML/CFT requirements
On 29 December 2023, CIMA published the supervisory circular describing how it monitors AML/CFT remediation by financial service providers (“FSPs”) and sets out the key elements of a successful remediation plan. FSPs may use this publication to strengthen their...
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