Cayman Islands: Export Controls & Trade & Investment Sanctions

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

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On 24 October 2016, the Trusts (Amendment) Law, 2016 and the Property (Miscellaneous Provisions) (Amendment) Law, 2016 came into force in the Cayman Islands.