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.

Authors

Róisín Liddy-Murphy

Partner, Head of Regulatory & Risk Advisory (Cayman)

British Virgin Islands, Cayman Islands

Tonicia Williams

Senior Associate

Cayman Islands

Erik Bodden

Partner, Co-Head of Cayman Islands Litigation & Restructuring

Cayman Islands

Alan Dickson

Partner, Head of Cayman Islands Office

Cayman Islands

Theo Lefkos

Partner, Head of Private Equity – Cayman

Cayman Islands

Robert Lindley

Partner, Head of Cayman & BVI Private Client & Trust

British Virgin Islands, Cayman Islands

Kiah Estwick

Senior Associate

Cayman Islands

Nicholas Ward

Senior Associate

Cayman Islands

Jarladth Travers

Head of Conyers FIG (Cayman) Limited

Cayman Islands

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