Cayman Islands updates key financial laws: LLCs, Banking, and AML Regulations
Limited Liability Companies Act (2025 Revision)
The revised LLC Act refines company formation, governance, restructuring, and compliance standards to align with global expectations. Full document here
Limited Liability Partnership Act (2025 Revision) and Fee Regulations
These updates clarify partner responsibilities, registration, and dissolution procedures while introducing revised fees for LLP registrations and filings. Full documents here | Fee Regulations here
Banks and Trust Companies Act (2025 Revision)
This act enhances licensing, governance, risk management and regulatory compliance for banks and trust companies. Full details here
Companies Act (2025 Revision) and Companies Management Act (2025 Revision)
The Companies Act improves company registration, governance, and transparency.
The Companies Management Act strengthens licensing and compliance requirements for corporate service providers. Full documents here and here
Mutual Funds Act (2025 Revision)
Enhancements include stricter licensing, governance, investor protection, and EU-aligned compliance for mutual funds. Full document here
Private Funds Act (2025 Revision) and Amendment Order
The revised Private Funds Act strengthens fund registration, supervision, valuation, and regulatory oversight. The Amendment Order (2024) enforces these updates from 1 January 2025. Full documents here and here
Anti-Money Laundering Regulations (2025 Revision)
Key updates include stricter customer due diligence (KYC), enhanced record-keeping, regulations for virtual asset service providers, and stronger enforcement measures. Full document here
Businesses should review these updates to ensure compliance with the latest regulatory changes.
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