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Nicholas Fox

Nicholas Fox

Cayman Islands
Partner

Sara Galletly

Sara Galletly

Cayman Islands
Partner

Janaki Tampi

Janaki Tampi

Cayman Islands
Senior Associate

Administrative fines: The process and possible responses

[Dynamic date]

08 October 2021

The Cayman Islands Monetary Authority has wide scope to impose administrative fines (as one of several enforcement options) for non-compliance with regulatory obligations by licensees and other regulated entities and individuals. In this Update, we examine the administrative fines process and the steps that can be taken in response to a breach notice.

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