About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
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A guide to CIMA’s recent enforcement action
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.
26 Mar 2025
Cayman Islands updates key financial laws: LLCs, Banking, and AML Regulations
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.
06 Mar 2025
The importance of a crisis management framework: CIMA’s strategic commitment
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.
19 Feb 2025
Financial sanctions updates from Cayman Islands’ Monetary Authority
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.
17 Feb 2025
Updated CIMA and registry fees now in effect
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.
12 Feb 2025
Cayman Islands annual fee deadlines and penalties update for 2024–2025
On 15 January 2025, the Cayman Islands Monetary Authority (CIMA) reminds firms of key fee deadlines and penalties for 2024 and 2025.
06 Feb 2025
Cayman Islands Monetary Authority updates application process for VASP registration
On 12 December 2024, the Cayman Islands Monetary Authority announced updates to the registration process for Virtual Asset Service Providers via its REEFS portal. Starting 13 December 2024, the current application form (APP 101-84) is replaced by a new version, designed to enhance the efficiency and clarity of the registration process.
02 Jan 2025
Cayman Islands updates insurance regulations to strengthen governance and policyholder protections
On 14 October 2024, the Cayman Islands Monetary Authority updated its insurance regulatory measures under Section 34 of the Monetary Authority Act. These changes strengthen CIMA’s capacity to issue and revise critical rules, regulatory guidance and principles focussed on governance, risk management, and policyholder protection.
12 Dec 2024
Key updates on financial sanctions from CIMA
The Cayman Islands Monetary Authority recently published a number of updates on financial sanctions. These sanctions require financial institutions to assess their exposure to newly listed entities, freeze any applicable assets and report actions taken to the Financial Reporting Authority.
29 Nov 2024