Daily Compliance News: April 7, 2025, The Whistleblowers Awarded Edition
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
Anti-money laundering counter-terrorist financing and proliferation financing (AML/CFT/CFP) remains the main focus of inspections, and CIMA has demonstrated a clear readiness to take enforcement action where deficiencies are...more
Regulatory clarity in the digital assets and crypto space continues to be a moving target. Yet, the interest among policymakers and regulators worldwide has never been more pronounced....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
The global regulatory landscape for virtual asset service providers (VASPs) is changing faster than ever. With regulators sharpening their focus on anti-money laundering and counter-terrorist financing obligations, the...more
Chris Duncan and Alistair Russell have authored the Cayman Islands chapter of Global Legal Insight's sixth edition guide to blockchain and cryptocurrency regulation. The chapter covers the Cayman legal requirements relating...more
Approaches and developments - The Cayman Islands has long been a leading offshore jurisdiction for investment funds, as well as a significant global financial centre overall. It is therefore not surprising that, reflecting...more