Topic: Russia sanctions
Russia sanctions task force makes huge progress in Cayman
More than 40 boats, six helicopters and six aircrafts have been deregistered, thanks to Cayman's Russia sanctions task force.
Cayman holds US$8.4 billion under Russia sanctions
The Cayman Islands has identified US$8.4 billion in assets since 1 March under regulations sanctioning Russian companies and individuals over the country’s war in Ukraine.
You don’t know what you’ve got until it’s gone
Nicholas Rilley
The global economy has shifted from a multi-decade backdrop of oversupply to one of shortages as a result of the pandemic. Between 2000...
Unravelling superyacht ownership structures reveals legal issues
While preventing a ship from leaving port is easy, it is also where authorities enter a legal grey area.
Cayman freezes US$7.3 billion in Russian assets
The Cayman Islands has frozen assets worth US$7.3 billion under the Russia sanctions enforcement.
Sanctions screening poses compliance challenge
The response to Russia’s war in Ukraine is unique both in scope and in terms of the interconnectedness with Western economies of those targeted by sanctions.
Abramovich investments highlight Cayman’s unknown Russia exposure
According to media reports Abramovich has invested billions in US hedge funds and private equity funds through offshore companies.
Navalny supporters claim Cayman superyacht tied to Putin
A social media channel and website linked to Russian opposition figure and Kremlin-critic Alexey Navalny has claimed the Cayman-registered superyacht Scheherazade is linked to Vladimir Putin.
US offers reward for info identifying sanctioned Russian assets
The US government has introduced new financial rewards attached to a previously little-known whistleblower award programme targeting kleptocrats.
The Kleptocracy Asset Recovery Rewards Program established...
Jets, yachts and mansions: The hunt for Russia’s rogue billionaires leads through Cayman
Russia’s invasion of Ukraine has sparked a global economic war that drags offshore centres like Cayman, the British Virgin Islands and Bermuda into the heart of the conflict.
Aircraft registries count the cost of sanctions
Bermuda’s government last week announced it expects a multimillion-dollar loss in fees from enforcing Russia sanctions on planes registered in the island.
OfReg says local operators will not be able to shift fuel prices based on...
The Utility Regulation and Competition Office (OfReg) has warned that recent global events may have an economic impact on fuel prices in the Cayman Islands.
Russia sanctions: Cayman-flagged superyachts a prime target
Nothing says Russian billionaire like a Cayman-flagged superyacht. Some of these Russian-owned luxury ships will soon be permanently anchored or find themselves on the run from authorities in some Pacific archipelago.
