Cayman Islands: Money Laundering

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Article
New CIMA AML Rule And Sanctions Rule: What Regulated Entities Need To Consider
The Cayman Islands Monetary Authority has introduced new enforceable Rules on anti-money laundering and sanctions compliance, effective September 18, 2026. These Rules transform previous guidance into directly enforceable requirements, establishing clear obligations for regulated entities including mandatory annual training for governing bodies, independent audit requirements, and enhanced AMLCO independence standards.
Cayman Islands Commercial
CO
Carey Olsen
Article
CIMA Finalises New Enforceable Rules On AML/CFT/CPF Compliance And Financial Sanctions – Impact On The Insurance Sector
The Cayman Islands Monetary Authority has introduced two new legally enforceable Rules that fundamentally transform the compliance landscape for financial services providers, including insurers and reinsurers. These Rules elevate previously non-binding guidance into mandatory requirements ahead of the Caribbean Financial Action Task Force's 5th Round Mutual Evaluation in 2027, creating significant new obligations particularly around sanctions compliance that will affect even entities not conducting Relevant
Cayman Islands Commercial
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Conyers
Article
CIMA’S New AML Audit Rules Effective 18 September 2026 And What Investment Funds Need To Know
The Cayman Islands Monetary Authority has introduced sweeping changes to anti-money laundering audit requirements for investment funds, mandating independent audits of entire compliance programmes by September 2026. This marks a fundamental departure from previous practice where internal AML officers could conduct their own testing, raising critical questions about implementation timelines, qualified auditor availability, and compliance costs for funds operating in the jurisdiction.
Cayman Islands Wealth Mgt
DE
Dillon Eustace
Article
Conyers Coverage Issue 15 – Spring Edition 2026
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
Cayman Islands Insurance
C
Conyers
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