The Personal Information Protection Act ("PIPA") comes into full force on 1 January 2025. All organisations in Bermuda are expected to be in compliance with it by that date – time is running out!
The Privacy Commissioner...more
8/6/2024
/ AML/CFT ,
Bermuda ,
Compliance ,
Data Collection ,
Data Retention ,
Due Diligence ,
EU ,
General Data Protection Regulation (GDPR) ,
Liquidation ,
Personal Information ,
Personal Information Protection Act ,
Policies and Procedures ,
Privacy Notice Rule ,
Regulatory Requirements ,
Third-Party Service Provider ,
Training ,
UK
On 30 August 2023, following industry consultation, the Cayman Islands Monetary Authority ("CIMA") issued a new Rule and Statement of Guidance on Nature, Accessibility and Retention of Records for Licensees Conducting the...more
Following industry consultation, on 30 August 2023 the Cayman Islands Monetary Authority ("CIMA") issued updated Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation...more
9/15/2023
/ AML/CFT ,
Anti-Fraud Provisions ,
Anti-Money Laundering ,
Cayman Islands ,
CIMA ,
Cybersecurity ,
Due Diligence ,
Financial Services Industry ,
Guidance Update ,
Money Laundering ,
Policies and Procedures ,
Recordkeeping Requirements ,
Risk Assessment ,
Selfies ,
Videoconference