Colm Dawson

Mar 20, 2024 | jdsupra.com | Daniel Booth |Colm Dawson |Louise Denman

On 15 March 2024, the Ministry of Financial Services and Commerce (the "Ministry") issued Technical Guidance for corporate services providers ("CSPs") to facilitate changes to internal processes in support of the transition to a new CSV file format used to report beneficial ownership information via the corporate administration platform ("CAP")... Please see full publication below for more information.

Mar 15, 2024 | jdsupra.com | Daniel Booth |Colm Dawson |Louise Denman

New specific licensing grounds available under Cayman Islands and BVI Russia sanctions will pave the way for Cayman Islands and BVI investment funds and other entities to divest their frozen assets in Russia as well as remove sanctioned interests from their ownership structures. The UK has introduced new divestment specific licensing grounds in its Russian sanctions regulations which came into effect on 15 December 2023.

Mar 14, 2024 | lexology.com | Lucy Frew |Andrew Howarth |Ian Mason |Colm Dawson |Benjamin Twidle |Louise Denman | +5 more

IntroductionThe Cayman Islands Monetary Authority ("CIMA") recently issued an updated Regulatory Policy on Consolidated Supervision (the "Policy"). The Policy expands on an earlier version published in 2009 and provides updated guidance on CIMA's approach to group supervision. What is consolidated supervision and who does it apply to?