Regulatory Blog

The Cayman Islands Monetary Authority (CIMA) recently issued a Warning Notice citing significant breaches of the Securities Investment Business Act (SIB Act) and other key regulations. This guide outlines the key breaches, proposed actions, and valuable lessons for financial entities to ensure compliance.

European Union has issued significant and far-reaching sanctions and restrictive measures on Russia and the Russian Economy. View a table of all the sanctions here

On 4 February 2025, the Cayman Islands published several revised financial and corporate laws to improve regulatory clarity, efficiency, and compliance. These updates impact businesses in company management, banking, and anti-money laundering frameworks.

On 24 February 2025, the UK announced its most significant sanctions package since the early days of Russia's full-scale invasion of Ukraine. Marking three years since the conflict began, these measures target over 100 entities and individuals aiding Russia's war efforts, reflecting the government's commitment to securing peace and stability in Europe.

On 11 February 2025, the UK government issued a press release announcing new sanctions against ZSERVERS, a Russian cybercrime entity facilitating global ransomware attacks. The sanctions also target six key members of ZSERVERS and its UK-based front company, XHOST Internet Solutions LP.

Following the invasion of Ukraine by Russia, the UK Government, alongside the member states of the European Union, the United States of America and other global stakeholders issued significant new sanctions. View a table of all the sanctions here

On 10 January 2025, the Cayman Islands Monetary Authority published a circular reaffirming its dedication to enhancing the stability and resilience of the Cayman Islands’ financial sector. In today’s interconnected financial world, establishing a robust crisis management framework is essential for regulated entities, especially those of systemic importance.

The Cayman Islands Monetary Authority recently issued important updates regarding financial sanctions. These measures mandate that financial institutions evaluate their exposure to newly listed entities, freeze any relevant assets, and report their actions to the Reporting Authority.

Effective 1 January 2025, the Cayman Islands Monetary Authority and General Registry have implemented updated government fees for various services. Approved by Cayman Islands Parliament on 9 December 2024 after consultation with industry stakeholders, these changes include updates to fees that had remained unchanged for over a decade.