CIMA financial sanctions notices

As part of its continued effort to supervise and regulate financial services in accordance with relevant international standards the Cayman Islands Monetary Authority (CIMA) is now notifying licensees and registrants of new financial sanctions released by the UK Office of Financial Sanctions Implementation, HM Treasury (referred to asOFSI).

The notification is being made in the form of an email from CIMA to each person listed with CIMA as being the primary point of contact for a licensee or a registrant.

Cayman Islands financial service providers should be considering OFSI sanctions and Cayman Islands investment funds should ensure their offering documents reflect this requirement.

Please contact us if you would like further advice on this matter.