Daily Compliance News: April 7, 2025, The Whistleblowers Awarded Edition
January 2026 opens with continued momentum across the Cayman Islands’ regulatory landscape. Following a year of material developments—including the commencement of virtual asset licensing,...more
Regulators in key offshore centres are actively engaging Web3 structures. The Cayman Islands Monetary Authority (CIMA) has begun issuing supervisory letters to Cayman foundation companies....more
In a year rich with meaningful content from the Cayman Islands office, the pieces that captured our readers’ attention most came from our Regulatory & Risk Advisory, Private Client & Trust, Corporate, and Litigation &...more
Effective 1 January 2026, the Cayman Islands will implement extensive revisions to the Cayman Islands Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations (the “CRS Regulations”),...more
The Crypto-Asset Reporting Framework (“CARF”) is an international tax transparency standard developed by the Organisation for Economic Co-operation and Development (“OECD”). Introduced as an extension of the existing Common...more
The Cayman Islands government has made significant changes to the Common Reporting Standard (“CRS”) regime, as set out in the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment)...more
The Cayman Islands continues to be one of the leading offshore jurisdictions for digital assets, with several market leaders and tier 1 projects being established in the Cayman Islands....more
The Cayman Islands has committed to implementing the OECD's Crypto Asset Reporting Framework (CARF). CARF is being implemented in the Cayman Islands by the Tax Information Authority (International Tax Compliance)...more
CRS amendments effective 1 January 2026 which, among other things, require FIs to meet new registration, PPOC residency and reporting deadlines for CRS returns and compliance forms. Cayman entities with activities...more
Welcome to our current edition of our Regulatory & Risk Advisory Review. This issue dives into regulatory shifts and emerging trends shaping the compliance landscape. Whether you are navigating new rules or anticipating what...more
With the growth of fund finance we have all observed cross-over between areas such as securitization, structured finance, and the insurance sector, blurring the lines between historically separate areas. The next frontier is...more
The Cayman Islands introduced the Virtual Asset (Service Providers) Act (the VASP Act) with effect in 2020, so that any person carrying on a "virtual asset service" in the course of a business using a Cayman Islands entity or...more
Welcome to the latest edition of our Regulatory & Risk Advisory Review. In this issue, we explore key regulatory updates and emerging trends to help you stay informed and ahead in today’s dynamic compliance environment. The...more
The GENIUS Act marks a major milestone in US digital asset regulation, particularly for stablecoins. Jurisdictions like Bermuda, the British Virgin Islands (BVI) and the Cayman Islands are well-placed to meet increasing...more
Our global investment funds teams work closely with the leading managers, instructing counsel and service providers around the world, giving us a unique perspective and insight into the trends and forces shaping financial...more
On January 19, the SEC charged a Cayman Islands digital asset firm for allegedly failing to register the offer and sale of its retail crypto-asset lending product. According to the SEC’s cease-and-desist order ...more
As part of our series looking at the potential impact of recent cases on the future decisions of the Cayman Islands, BVI and Bermuda Courts relating to crypto assets, we consider the English decision of LMN v Bitflyer...more
Courts in offshore jurisdictions have started to adopt the decisions of the English Courts when granting relief with respect to the dissipation and recovery of crypto-assets. One example is the recent decision in ChainSwap v...more
A recent report published by AIMA, the 4th AIMA Annual Global Crypto Hedge Fund Report 2022, highlighted the continued growth in the AUM being allocated to this asset class during 2021....more