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A New Paradigm in Governance

Is your AML training up to date?

Is your AML training up to date?

Under the Cayman Islands AML regime, there is an ongoing requirement for all relevant parties (including directors) related to a Financial Service Provider (FSP) such as the Fund, should be trained on the requirements of the regime in terms of Anti-Money Laundering...

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Cayman edges closer to FATF technical compliance

Cayman edges closer to FATF technical compliance

The Cayman Islands has introduced measures to further improve its technical compliance with the 40 Financial Action Task Force (FATF) recommendations relating to anti-money laundering and countering the financing of terrorism (AML/CFT). Cayman remains under monitoring...

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Beneficial ownership guidelines published

Beneficial ownership guidelines published

In July, the Cayman Islands competent authority for beneficial ownership regulation published guidance notes on complying with beneficial ownership obligations in the Cayman Islands. The move links to the creation of The Register of Overseas Entities, first announced...

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Don’t miss the latest CRS deadline

Don’t miss the latest CRS deadline

The deadline for filing the compliance form for the Common Reporting Standard (CRS) is, for the year ending December 31, 2021, September 15, 2022 – and firms have been warned of new enforcement guidelines applicable to firms that miss the deadline. Earlier this year,...

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REGULATORY UPDATE Q2, 2022

REGULATORY UPDATE Q2, 2022

The deadlines for filings covering the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) is July 31 – and firms have been warned of new enforcement guidelines applicable to firms that miss the deadline. Last month, The Cayman Islands...

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Our AML and Compliance training offering

Our AML and Compliance training offering

There is an ongoing obligation under the Cayman Islands AML regime that all relevant parties (including directors) related to a Financial Service Provider (FSP) such as the Fund, should be trained on the requirements of the regime in terms of Anti-Money Laundering...

read more