Regulatory Blog

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.

On 18 June 2025, Cyprus published the “Prevention and Suppression of Money Laundering from Illegal Activities (Amendment) (No. 2) Law of 2025” (the Amending Law) in the Official Gazette of the Republic.

The BVI Financial Services Commission published the presentations from the 2025 Meet The Regulator Forum. The forum focused on Beneficial Ownership transparency, stakeholder consultations and policy updates.

France, Germany and the UK (the E3) have triggered the "snapback" mechanism under UN Security Council Resolution 2231, escalating diplomatic pressure on Iran regarding its nuclear programme. This decision, announced on 28 August 2025, follows years of escalating Iranian non-compliance with the Joint Comprehensive Plan of Action.

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.

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

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

On 12 August 2025, the Luxembourg tax authorities published a circular offering guidance on the Collective Investment Vehicle exemption under the reverse hybrid rules introduced by ATAD2.

On 25 July 2025, Cyprus published a new sanctions law, the Criminalisation of Violation of Restrictive Measures Law of 2025. This law replaces the current criminal penalties for sanctions violations with a robust framework to determine the criminal offences and penalties for breaches of EU sanctions and restrictive measures, ensuring stricter compliance and accountability.

On 30 July 2025, the Bermuda Monetary Authority published a discussion paper on the responsible use of Artificial Intelligence in Bermuda's financial services sector.

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