Regulatory Blog

On 18 June 2025, MONEYVAL published its 4th Enhanced Follow-up Report, highlighting Cyprus' significant progress in combating money laundering and terrorist financing. The report acknowledges Cyprus' progress in addressing technical compliance deficiencies under the Financial Action Task Force standards.

On 20 June 2025, the Financial Action Task Force released a critical report highlighting vulnerabilities in the global financial system that enable the financing of weapons of mass destruction and sanctions evasion. Despite international efforts, only 16 per cent of countries demonstrate substantial effectiveness in implementing targeted financial sanctions under UN Security Council Resolutions.

On 11 July 2025, Bermuda’s National Anti-Money Laundering Committee advised that it is seeking feedback on proposed amendments to Bermuda’s Proceeds of Crime (AML/ATF Supervision & Enforcement) Act 1997, Proceeds of Crime Act 2008, and related regulations.

On 10 June 2025, the European Commission revised its list of high-risk jurisdictions under the EU anti-money laundering and counter-terrorism financing framework. EU-regulated entities must adopt enhanced due diligence measures when engaging with the listed countries to safeguard the financial system of the EU.

On 21 February 2025, the Financial Action Task Force released significant updates regarding jurisdictions under increased monitoring and high-risk jurisdictions subject to a call for action. These updates highlight global efforts to improve anti-money laundering, combating the financing of terrorism, and counter-proliferation financing measures.

On 13 March 2025, the Bermuda Ministry of Justice issued AML-ATF Advisory 1/2025, highlighting the need for heightened vigilance when dealing with jurisdictions deemed high-risk for money laundering and terrorist financing. This advisory underscores the regulatory responsibility of AML/ATF regulated financial institutions and other relevant persons under the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008 to strengthen compliance measures in relation to high-risk countries.

The Bermuda Monetary Authority has 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.

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.

On 15 January 2025, the Cayman Islands Monetary Authority (CIMA) reminds firms of key fee deadlines and penalties for 2024 and 2025.

The Bermuda Monetary Authority has 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.