The Cayman Islands Monetary Authority has withdrawn fines it levied against Sterling Asset Management in 2022.
A Consent Order dated 21 April reveals that CIMA retracted the fine notice from 6 May, 2022 in its entirety, which means that no discretionary fines have been imposed against the firm.
The Grand Court, in Nov. 2022, granted Sterling Asset Management leave to appeal the $299,050 fine.
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