Cayman Islands
CIMA KY
CIMA Seeks Public Input for CI Banknote Redesign
In light of the passing of Her Late Majesty Queen Elizabeth II, the Cayman Islands currency, currently in circulation, will soon be phased out and replaced with a new design featuring an effigy of His Majesty King Charles III.
CIMA KY
Money Services Business – Requirement to be Licensed
The Cayman Islands Monetary Authority (the “Authority”) would like to remind all businesses/persons carrying out foreign currency exchange and money transmitting services of the requirements for a license pursuant to the Money Services Act (2020 Revision) (“the MSA”). The definition of “money services business” as stated in Section 2 of the Money Services Act (2020 Revision) (“the MSA”):
CIMA KY
Interim HOD to Lead Investments Supervision Division
The Cayman Islands Monetary Authority (“CIMA”) is undertaking a search for a new Head of its Investment Supervision Division. Until a candidate is found, Mrs. Gloria Glidden will serve as interim head of the division.
CIMA KY
CIMA Launches Online Investor Education Campaign
The Cayman Islands Monetary Authority (“CIMA”) has announced the launch of its online campaign titled “I Learned the Hard Way” which seeks to raise awareness about the importance of financial education as well as understanding the risks associated with investment opportunities.
CIMA KY
General Licence Under Russian Sanctions Issued
On 4 October 2022, His Excellency the Governor of the Cayman Islands issued the General Licence GL/2022/0001 pursuant to Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 as extended to the Cayman Islands (with modifications) by the Russia (Sanctions) (Overseas Territories) Order 2020.
CIMA KY
CIMA Celebrates World Investor Week to Promote Financial Resilience
The Cayman Islands Monetary Authority (“CIMA”) once again joins regulators from over 100 jurisdictions to celebrate World Investor Week (“WIW”) 2022.
CIMA KY
CIMA Reopens After All-Clear of Hurricane Ian
Following the recent all-clear issued by the Cayman Islands Government, the Cayman Islands
Monetary Authority will reopen tomorrow, Tuesday, 27 September 2022 at 9:30 am.
See PDF of Notice here: Source Link
CIMA KY
CIMA Office Closure Due to Expected Hurricane Conditions
See PDF of the Notice here: Source Link
CIMA KY
Notice – CIMA Office Closure
Following the announcement made by the Cayman Islands Government, the Cayman Islands Monetary Authority will observe the public holiday in honour of Her Late Majesty Queen Elizabeth II’s funeral and will be closed on Monday, 19 September 2022. We will resume normal business hours on Tuesday, 20 September 2022.
See PDF here: Source Link
CIMA KY
Statement on the Passing of Queen Elizabeth II
Grand Cayman, Cayman Islands (9 September 2022) The Cayman Islands Monetary Authority ("CIMA" or "the Authority") is deeply saddened by the passing of Her Majesty Queen Elizabeth II and wish to extend our deepest condolences to the Royal Family.
CIMA KY
New Deputy Head of the Anti-Money Laundering Division Appointed
Ms. Jennifer Smith was promoted to Deputy Head of the Anti-Money Laundering Division of the Cayman Islands Monetary Authority (“CIMA”) effective 7 July 2022, having served as the division’s Chief Analyst since October 2019.
Regulator Information
Regulator Name: Cayman Islands Monetary Authority
Abbreviation: CIMA
Jurisdiction: Cayman Islands
Website: https://www.cima.ky/
Email: [email protected]
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