Home Topics CIMA
Cayman Islands Monetary Authority has licensed 20 new insurers or reinsurers in the first six months of 2021.
Written by Marla Dukharan; Research fund by CFA Institute With a population that reached roughly 60,000 pre-pandemic, about half of whom are non-resident/expatriate, the Cayman...
Two entities of the Maples Group are seeking a judicial review of how the Cayman Islands Monetary Authority interprets and applies certain provisions of the Anti-Money Laundering Regulations in practice.
In an effort to take the Cayman Islands off the EU tax blacklist, government introduced last-minute, ungazetted changes to the Private Funds Law, on Wednesday.
The Cayman Islands Monetary Authority has revoked the banking licence of Hinduja Bank.
The new requirement to register closed-ended, or private, funds with the Cayman Islands Monetary Authority has to date prompted 254 funds into action so far. Government enacted the Private Funds Law in January which gave closed-ended funds until 7 Aug. 2020 to register with CIMA and comply with Cayman’s investment funds regime.
Nineteen young Caymanians have completed their internships at Mourant Ozannes.
Last week a dozen people gathered for a weeklong computer security boot camp, sitting at desks in a conference room at eShore, overlooking Heroes...
Audrey Roe has been appointed head of the Compliance Division of the Cayman Islands Monetary Authority.
The Cayman Islands Monetary Authority has canceled Ryan Bateman’s director registration, the regulator announced this week.
The ins and outs of the local business community.
Canover Norbert Watson and Robert Neil Aspinall have each been identified by the Cayman Islands Monetary Authority as “not a fit and proper person” to hold certain positions in the Cayman Islands financial services industry.
The Cayman Islands Monetary Authority plans to begin reviewing the cybersecurity plans for banks, financial services companies and its other licensees, according to a notice issued recently by the regulator.
Cayman’s financial regulatory agency has appointed retired insurance company executive Garth MacDonald to its board of directors.
Members of the Legislative Assembly have voted in favor of a private members’ motion to consider giving incentives to reinsurance and hedge fund management businesses and their senior executives.
Dozens of representatives from Cayman’s captive insurance industry, including the Insurance Managers Association of Cayman, government officials, the Cayman Islands Monetary Authority, and Cayman Finance represented the jurisdiction at the annual Risk and Insurance Management Society conference in San Diego, California.
References to the Cayman Islands in the “Panama Papers” were conspicuous by their absence but pressure on all offshore financial centers is likely to increase after the anonymous leak of more than 11 million documents belonging to a Panamanian law firm continued its fallout on Monday.
In 2015, the amount of money being sent overseas as remittances dropped by US$10 million over the year before. Many expats, especially low-wage workers, were shocked when they no longer had easy access to send cash home. However, the situation has improved, with Western Union and the other cash transfer companies back open and accepting local currency.
The number of banks in the Cayman Islands dropped by 7 percent in 2015, compared to 2014.