Cayman Regulatory Update – Q2 2024
10 April 2024
Our latest Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter – including the Cayman Islands' removal from the European Union's list of high risk third countries for AML/CFT purposes, details of enhancements to companies law and amendments to AML/CFT legislation, as well as updates regarding changes to the Russia sanctions regime and upcoming compliance deadlines.
See below for more details on the topics covered in this Update.
Key Cayman Updates in Q2 2024
EU AML delisting process completed
Merchant Shipping Act, 2024
Beneficial ownership technical guidance for industry
AML Guidance Notes updated
Mourant Regulatory Conference
Cayman's history of cooperation
Companies Act amendments
Rule and Statement of Guidance: Nature, Accessibility and Retention of Records for Company Management Licensees
CRS Date of Birth information: Industry reminder
Rule and Regulatory Policy on Domestic Systemically Important Deposit Taking Institutions
Incoming changes to AMLRs
Rule and Statement of Guidance: Reinsurance Arrangements
Amendments to the Proceeds of Crime Act
CIMA Supervisory Circular - AML/CFT Remediation
Upcoming compliance deadlines
2024 Revision laws
CIMA Climate Survey Circular
Mourant Guides and Updates
Changes to Russia sanctions regime
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.
.jpg "Article image")
Contact
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.
