Following the end of a long-running process, the Cayman Islands has now officially been removed by the EU Commission from its list of ‘high-risk’ countries for AML/CFT purposes.
...more
The Cayman Islands recently received an early Holiday gift when the EU Commission published a regulation in mid-December paving the way to remove Cayman from its list of ‘high-risk’ countries for AML/CFT purposes. The...more
1/8/2024
/ AML/CFT ,
Anti-Corruption ,
Anti-Money Laundering ,
Cayman Islands ,
Corruption ,
EU ,
FATF ,
Financial Crimes ,
Financial Institutions ,
Financial Transactions ,
Investment Funds ,
Money Laundering ,
Regulatory Oversight ,
Terrorism Funding ,
Terrorist Financing Regulations
The Financial Action Task Force last Friday announced that it was removing the Cayman Islands from its ‘Grey List’ for increased monitoring in AML matters.
This listing has had no direct impact on the fund finance world...more
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
We are pleased to bring you the summer 2022 edition of Conyers Coverage, the Cayman Islands insurance newsletter.
The Cayman Islands insurance and reinsurance industry has had a strong start to the year and Conyers is...more
7/22/2022
/ AML/CFT ,
Anti-Money Laundering ,
Cayman Islands ,
Companies Act ,
Compliance ,
EU ,
Funding ,
Insolvency ,
Insurance Industry ,
Investment ,
Limited Liability Company (LLC) ,
New Rules ,
Pari Passu ,
Private Equity Funds ,
Regulatory Requirements ,
Reinsurance ,
Restructuring
As avid LinkedIn users will no doubt be aware, the EU’s focus on lists of various types continues and the Cayman Islands looks set to be added to the EU’s list of “high risk countries” for anti-money laundering at the end of...more