Cayman Islands

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.

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”):

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.

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.

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.

The Cayman Islands Monetary Authority (“CIMA”) once again joins regulators from over 100 jurisdictions to celebrate World Investor Week (“WIW”) 2022.

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

See PDF of the Notice here: Source Link

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

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.

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.

See PDF of the Notice here: Source Link