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Oct 2, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Wayne Flanagan |Erik Bodden |Alex Davies |Alan Dickson | +14 more
Welcome to the third Regulatory & Risk Advisory Review instalment of 2024. In this edition we cover the latest Cayman Islands regulatory updates including the Beneficial Ownership Transparency Act and The Perpetuities (Amendment) Act, as well as updates from CIMA, the DITC, and the FATF. As always, we have included articles and news from the wider Conyers team that may be of interest.
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Aug 29, 2024 | 
jdsupra.com | Alan Dickson
The Beneficial Ownership Transparency Act, 2023 (the “BOT Act”) is now in force. The BOT Act was gazetted in December 2023 and was brought into force on 31 July 2024 by the BOT Act Commencement Order. The new Beneficial Ownership Transparency Regulations, 2024 (the “BOT Regulations”) were also published and commenced on 31 July, as was the Guidance on Complying with Beneficial Ownership Obligations in the Cayman Islands (the “BOT Guidance”).
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Aug 21, 2024 | 
mondaq.com | Alan Dickson |Matthew Stocker
The most recent legislative update to the Companies Act in the
Cayman Islands, includes amendments made by the Companies
(Amendment) Act, 2023 in force 31 July 2024.
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Jul 9, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Wayne Flanagan |Erik Bodden |Alex Davies |Alan Dickson | +15 more
Welcome to the second instalment of 2024 of the Regulatory & Risk Advisory Review. In this edition we cover several Cayman Islands regulatory updates including updates to the Beneficial Ownership Transparency Act, the Proceeds of Crime (Amendment) Act and the Virtual Asset Service Providers Act. We also have updates from CIMA and the FATF, as well as the latest articles and news from the wider Conyers team.
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May 21, 2024 | 
jdsupra.com | Alan Dickson |Róisín Liddy-Murphy
May 21, 2024 To embed, copy and paste the code into your website or blog: केमैन आइलैंड को EU की एंटी-मनी लौंडरिंग सूची से बाहर निकालने की पूरी तैयारी हो चुकी है। यह कार्रवाई वित्तीय एक्शन टास्क फोर्स (Financial Action Task Force, FATF) निगरानी समूह के 27 अक्तूबर 2023 के फैसले के बाद और फिर उसके बाद 5 दिसंबर 2023 को AML उद्देश्यों के लिए उच्च-जोखिम वाले तृतीय देशों की UK की सूची से हटाए जाने के बाद हुई है। 18 जनवरी 2024 को, EU ने अपने आधिकारिक जर्नल में AML उद्देश्यों के लिए उच्च-जोखिम वाले...
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Mar 25, 2024 | 
edinburghnews.scotsman.com | Alan Dickson
A Sponsored Sleep Out by the 28th Braid Scouts has raised an amazing £3,718 to aid homeless people in Edinburgh. Watch more of our videos on Shots! and live on Freeview channel 276Visit Shots! nowIt was a cold and windy night March but this did not deter the 28th Braid Scouts from their plans to sleep out in cardboard boxes in the garden of Mayfield Salisbury Church.
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Feb 9, 2024 | 
jdsupra.com | Alan Dickson
The Cayman Islands is now set to be removed from the EU anti-money laundering (AML) list. This action follows the decision of the Financial Action Task Force (FATF) monitoring group on 27 October 2023 and subsequent removal from the UK’s list of high-risk third countries for AML purposes on 5 December 2023. On 18 January 2024, the EU published a revised list of high-risk countries for AML purposes in its official journal. The Cayman Islands does not appear on that new list.
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Jan 23, 2024 | 
mondaq.com | Róisín Liddy-Murphy |Erik Bodden |Alex Davies |Alan Dickson
2023 was an active year for the Cayman Islands regulatory
industry. While we have endeavoured to keep you updated throughout
the year with our Regulatory & Risk Advisory Reviews, our team
has highlighted below the key changes and news that may affect
Cayman entities in the coming year, including the removal of the
Cayman Islands from the FATF Grey List. As always, if you have any
questions, please reach out to a member of the Regulatory &
Risk Advisory team or your usual Conyers contact.
1.
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Jan 18, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Erik Bodden |Alex Davies |Alan Dickson |Theo Lefkos | +11 more
1. UPCOMING FEE INCREASES EFFECTIVE 1 JANUARY 2024 The Ministry of Financial Services & Commerce has announced increases to company annual fees and various filing fees effective from 1 January 2024. The increased fees were gazetted on 30 November 2023 through various regulations applicable to exempted limited partnerships, limited liability partnerships, exempted companies, non-resident companies, foreign companies, limited liability companies and segregated portfolio company cells. 2.
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Nov 8, 2023 | 
jdsupra.com | Alan Dickson |Róisín Liddy-Murphy
The Financial Action Task Force (FATF) today removed the Cayman Islands from its list of countries under increased monitoring. This decision was announced on 27 October at the closing of the FATF’s plenary meetings in Paris, France. The FATF announcement confirmed that the Cayman Islands maintains a robust and effective anti-money laundering/counter terrorist financing (AML/CFT) monitoring regime.
