The VASP Act defines “Virtual Assets” as digital representations of value that can be digitally traded or transferred and can be used for payment or investment purposes. Digital representations of fiat currencies (which is...more
3/5/2025
/ Anti-Money Laundering ,
Blockchain ,
Cayman Islands ,
CIMA ,
Corporate Governance ,
Cryptocurrency ,
Digital Assets ,
FATF ,
FinTech ,
Licensing Rules ,
Popular ,
Regulatory Requirements ,
Risk Management ,
Sandbox ,
Stablecoins ,
Trading Platforms
The Beneficial Ownership Transparency Act, 2023 (the “BOT Act”) is now in force. The BOT Act was gazetted in December 2023 and was brought into force on 31 July 2024 by the BOT Act Commencement Order. The new Beneficial...more
8/29/2024
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Corporate Governance ,
EU Transparency Directive ,
Financial Regulatory Agencies ,
Financial Regulatory Reform ,
Legislative Agendas ,
Regulatory Agenda
The Cayman Islands Monetary Authority (CIMA) recently issued a new Statement of Guidance for Mutual Funds and Private Funds (Corporate Governance Guidance) which:
- updates the current guidance applicable to funds...more
8/8/2023
/ Anti-Money Laundering ,
Cayman Islands ,
CIMA ,
Conflicts of Interest ,
Corporate Governance ,
Fund Managers ,
Investment Funds ,
Mutual Funds ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Requirements ,
Required Documentation ,
Risk Management