Apr 2024
Welcome to the first instalment of 2024 of our Cayman Islands Regulatory & Risk Advisory Review. As we cover in this issue, there have been a number of updates in the first quarter of the year. Perhaps most notably is the removal of the Cayman Islands from the EU Anti-Money Laundering List, following on from Cayman’s removal from the FATF Grey List and the UK AML List in Q4 2023.
There have also been a number of legislative, FATF and CIMA updates, along with new General Licences and Sanctions pertaining to the ongoing conflict perpetrated by Russia in Ukraine. As always, we have included recent articles and alerts from our wider Conyers team which provide further insight into industry trends and market news.
If you have any questions, please reach out to a member of the Regulatory & Risk Advisory team or your usual Conyers contact.