Regulatory Blog

Following the triggering of the snapback mechanism in August 2025 by the UK, Germany and France under the 2015 Joint Comprehensive Plan of Action, the UN Security Council has now reimposed sanctions on Iran. The EU and the UK have also reimposed their own autonomous measures, which are super-equivalent to the sanctions imposed by the UNSC.

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.

The English High Court recently delivered a significant judgment in Thomas, Carter, Nilson v. PJSC National Bank Trust [2025] EWHC 75 (Ch), addressing whether UK sanctions laws would be breached by distributing bankruptcy funds to PJSC National Bank Trust, a Russian bank. This case provides critical guidance for trustees in bankruptcy navigating the complexities of sanctions compliance.

The English High Court's judgment in LLC EuroChem North-West-2 and Eurochem Group AG v Societe Generale S.A. and others [2025] EWHC 1938 (Comm) provides crucial guidance on the interpretation of "ownership" and "control" under EU sanctions regulations, particularly in complex corporate structures involving discretionary trusts.

The Cayman Islands Monetary Authority published a new Application Checklist for individuals and entities applying for licenses under Sections 5(1), 6(1), 6(4), and 6(10) of the Securities Investment Business Act. Applicants must complete the updated form, submit all required supporting documents and pay the prescribed application fee.

The Cayman Islands Monetary Authority has introduced a limited-time Non-Compliant Directors' Amnesty Scheme, running from 16 September to 15 October 2025. This initiative allows eligible registered directors with over two years of unpaid fees (as of 31 August 2025) to settle outstanding annual fees and penalties at a discounted rate.

The Cayman Islands Department for International Tax Cooperation published an industry advisory, to inform that as of 29 August 2025, the Cayman Islands' Country-by-Country Reporting framework is accessible via the DITC Portal. Multinational Enterprise Groups with Cayman Islands Constituent Entities must re-register on the portal by 30 November 2025, to comply with CbCR regulations.

To ensure compliance and transparency, the Cayman Islands Monetary Authority recently published several updates to its regulatory measures. These updates are critical for licensees, private funds and mutual funds operating within the jurisdiction.

The UK Overseas Territories and Crown Dependencies have updated their sanctions lists to align with the latest UK measures against Russia.

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.

Effective 27 June 2025, the Cayman Islands Monetary Authority updated its Regulatory Handbook and Enforcement Manual.

The Cayman Islands Monetary Authority reinforced its commitment to the jurisdiction’s financial integrity through the recent issuance of several decision notices. These notices are the result of breaches of regulatory laws and requirements by various entities and individuals.