Cayman Regulatory Update – Q2 2024

Our latest Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter – including the Cayman Islands’ removal from the European Union’s list of high risk third countries for AML/CFT purposes, details of enhancements to companies law and amendments to AML/CFT legislation, as well as updates regarding changes to the Russia sanctions regime and upcoming compliance deadlines.

See below for more details on the topics covered in this Update.

Key Cayman Updates in Q2 2024

EU AML delisting process completed

Merchant Shipping Act, 2024

Beneficial ownership technical guidance for industry

AML Guidance Notes updated

Mourant Regulatory Conference

Cayman’s history of cooperation

Companies Act amendments

Rule and Statement of Guidance: Nature, Accessibility and Retention of Records for Company Management Licensees

CRS Date of Birth information: Industry reminder

Rule and Regulatory Policy on Domestic Systemically Important Deposit Taking Institutions

Incoming changes to AMLRs

Rule and Statement of Guidance: Reinsurance Arrangements

Amendments to the Proceeds of Crime Act

CIMA Supervisory Circular – AML/CFT Remediation

Upcoming compliance deadlines

2024 Revision laws

CIMA Climate Survey Circular

Mourant Guides and Updates

Changes to Russia sanctions regime

For additional information or for any questions, please reach out to your usual Mourant contact or one of the key contacts provided on this page.