Cayman Islands: Money Laundering

This edition of Conyers Coverage examines critical regulatory developments affecting Cayman Islands insurers, including the Legal Services Act's implications for insurance managers and in-house counsel, CIMA inspection trends, and evolving AML and beneficial ownership requirements. The newsletter also explores the growing market for funding agreements and analyzes key conditions precedent in financing transactions involving Cayman reinsurers, while highlighting findings from the Society of Actuaries report

This Round Up provides a concise yet thorough summary of regulatory developments relevant to financial service providers (FSPs) and other stakeholders in the Cayman Islands

Registered Persons under the Securities Investment Business Act (Revised) (SIBA) attract regulatory requirements including annual reporting requirements with key filing deadlines falling in January and, typically, December each year.

This article explores the evolving connection between Anti-Money Laundering (AML) compliance and insolvency proceedings in the Cayman Islands.

Grand Cayman, 3 September 2025 - The Cayman Islands hosted a special interactive lecture by Professor Shazeeda Ali on "The Potential Use and Misuse of Legal Persons...

The Cayman Islands Government has taken a decisive step forward in the global fight against illicit finance with the establishment of the Office for Strategic Action on Illicit Finance (OSAIF), ...

The Beneficial Ownership Transparency Act 2023 (Act) was passed by the Cayman Islands Parliament on 23 November 2023 and was effective as at 31 July 2024.

The Cayman Islands is a popular domicile for globally managed private equity, hedge and hybrid funds due to its tax neutral status, its flexible structuring options and its established and experienced financial services...

Conducting an independent AML audit at a frequency based on the nature, scale and complexity of the entity is a requirement under the AML Regulations.