Contact

Hector Robinson KC

Hector Robinson KC

Partner | Cayman Islands

James Broad

James Broad

Partner | Hong Kong

Sara Galletly

Sara Galletly

Partner | Cayman Islands

Cayman Regulatory Update – Q1 2024

05 January 2024

This Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter – including the joint declaration for closer collaboration between the UK and the British Overseas Territories, updates in relation to public beneficial ownership registers and increases to General Registry fees for Cayman Islands entities.

See below for more details on the topics covered in this Update.

Key Cayman Updates in Q1 2024

Cayman Islands removed from the FATF grey list and UK AML list

Regulated investment funds – changes to available investment strategy selections 

EU AML delisting process commenced

General Licence 2023/0003 – Legal Services issued 

Joint declaration – Closer collaboration between the UK and the British Overseas Territories

General Licence 2022/0001 – Relevant Investment Fund or Fund Manager

Cayman proactively advances its beneficial ownership framework

FRA fraud alerts

Beneficial Ownership Transparency Act gazetted  

UK National Crime Agency Red Alerts  

Registry fee increases  

Cayman Islands to implement CARF  

VASP 2024 annual renewal fees  

Mourant Guides and Updates 

Supervisory Information Circular – Non-Face-to-Face CDD measures 

 

For additional information or for any questions, please reach out to your usual Mourant contact or one of the key contacts provided on this page.



Article image

Contact

Hector Robinson KC

Hector Robinson KC

Partner | Cayman Islands

James Broad

James Broad

Partner | Hong Kong

Sara Galletly

Sara Galletly

Partner | Cayman Islands

About Mourant

Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.

Scroll To Top