Approaches and developments -
The Cayman Islands has long been a leading offshore jurisdiction for investment funds, as well as a significant global financial centre overall. It is therefore not surprising that, reflecting...more
9/13/2023
/ AML/CFT ,
Cayman Islands ,
CIMA ,
Cross-Border Transactions ,
Customer Due Diligence (CDD) ,
Data Protection ,
Digital Assets ,
Economic Substance Doctrine ,
Enforcement ,
FATF ,
Financial Reporting ,
FinTech ,
Intellectual Property Protection ,
Investment Funds ,
Know Your Customers ,
Offshore Companies
The Economic Substance (Companies and Limited Partnerships) Act, as amended (the "ESA"), requires BVI legal entities which engage in relevant activities to maintain economic substance in the BVI. Our 'Overview of the British...more