The Beneficial Ownership Transparency (Access Restriction) Regulations, 2024 (the “Access Restriction Regulations”) commenced on 28 February 2025 and will supplement the Beneficial Ownership regime in the Cayman Islands. The...more
The Beneficial Ownership Transparency (Legitimate Interest Access) Regulations, 2024 commenced on 28 February 2025. Under these Regulations, the Cayman Islands Registrar (the “Registrar”) may provide access to the information...more
The Beneficial Ownership Transparency Act, 2023 (the “BOT Act”), Beneficial Ownership Transparency Regulations, 2024 (the “BOT Regulations”) and the Guidance on Complying with Beneficial Ownership Obligations in the Cayman...more
2/7/2025
/ Beneficial Owner ,
Business Ownership ,
Cayman Islands ,
CIMA ,
Compliance ,
Corporate Governance ,
Corporate Transparency Act ,
Financial Services Industry ,
Insurance Acts ,
Insurance Industry ,
Portfolio Companies ,
Regulatory Requirements ,
Reporting Requirements
A warm welcome to this 12th edition of Conyers Coverage to kick off 2025. Now that the dust has settled, our team is reflecting on another exceptional year for the Cayman Islands (re)insurance industry in 2024. We lawyers may...more
2/4/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
Business Ownership ,
Capital Requirements ,
Cayman Islands ,
CIMA ,
Commercial Litigation ,
Compliance ,
Corporate Governance ,
FATF ,
Insurance Industry ,
Jurisdiction ,
NAIC ,
New Regulations ,
Private Equity ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance ,
Risk Management ,
Segregated Portfolio Companies
2024 was once again an active year for the Cayman Islands regulatory industry. In this edition of our Regulatory & Risk Advisory Outlook, our team has summarised the key changes and news during 2024 and taken a look at the...more
1/22/2025
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Companies Act ,
Corporate Governance ,
Dispute Resolution ,
Economic Sanctions ,
EU ,
FATF ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
General Licenses ,
Legislative Agendas ,
New Regulations ,
Popular ,
Proposed Amendments ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Assessment ,
Transparency Directive
Welcome to the third Regulatory & Risk Advisory Review instalment of 2024. In this edition we cover the latest Cayman Islands regulatory updates including the Beneficial Ownership Transparency Act and The Perpetuities...more
10/23/2024
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Corporate Transparency Act ,
Enforcement Actions ,
EU Horizontal Safeguard Regulation (HSR) ,
FATF ,
Filing Requirements ,
General Licenses ,
International Tax Authority ,
Legislative Agendas ,
Regulatory Requirements ,
Reporting Requirements ,
Rule Against Perpetuities ,
Sanctions
A warm welcome to the Summer edition of Conyers Coverage. The whirlwind that is the Cayman Islands (re)insurance industry continues to blow with gusto! To keep you updated on recent developments, we include various items from...more
8/29/2024
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Corporate Governance ,
Corporate Restructuring ,
Data Breach ,
Dispute Resolution ,
Economic Substance Doctrine ,
EU ,
Insurance Industry ,
NAIC ,
Personal Data ,
Popular ,
Regulatory Agenda ,
Regulatory Requirements ,
Reinsurance
Welcome to the second instalment of 2024 of the Regulatory & Risk Advisory Review. In this edition we cover several Cayman Islands regulatory updates including updates to the Beneficial Ownership Transparency Act, the...more
7/23/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Common Reporting Standard (CRS) ,
Corporate Governance ,
Corporate Transparency Act ,
Digital Assets ,
Dispute Resolution ,
FATCA ,
FATF ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Fund Managers ,
Insolvency ,
Investment Funds ,
Policies and Procedures ,
Popular ,
Private Equity ,
Proceeds of Crime Act 2002 (POCA) ,
Regulatory Agenda ,
Regulatory Requirements ,
Venture Capital
Welcome to the first instalment of 2024 of our Cayman Islands Regulatory & Risk Advisory Review. As we cover in this issue, there have been a number of updates in the first quarter of the year. Perhaps most notably is the...more
5/1/2024
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Companies Act ,
Corporate Governance ,
EU ,
EU Transparency Directive ,
FATF ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Regulatory Reform ,
General Licenses ,
Legislative Agendas ,
Popular ,
Regulatory Agenda ,
Sanctions ,
UK
2023 was an active year for the Cayman Islands regulatory industry. While we have endeavoured to keep you updated throughout the year with our Regulatory & Risk Advisory Reviews, our team has highlighted below the key changes...more
2/15/2024
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Companies Act ,
Corporate Governance ,
EU ,
EU Transparency Directive ,
FATF ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Regulatory Reform ,
General Licenses ,
Legislative Agendas ,
Regulatory Agenda ,
Sanctions ,
UK
Welcome to the third instalment of our Cayman Islands Regulatory & Risk Advisory Review. As we cover in this issue, there have been a number of exciting developments, including the welcome news of the Financial Action Task...more
11/22/2023
/ Beneficial Owner ,
Cayman Islands ,
CIMA ,
Corporate Governance ,
EU ,
FATF ,
Financial Regulatory Reform ,
Internal Controls ,
Investment Funds ,
Legislative Agendas ,
Regulatory Reform
Oct 2023 This decision was announced on 27 October at the closing of the FATF’s plenary meetings in Paris, France. The FATF announcement confirmed that the Cayman Islands maintains a robust and effective anti-money...more
11/8/2023
/ AML/CFT ,
Anti-Money Laundering ,
Anti-Terrorism Financing ,
Beneficial Owner ,
Cayman Islands ,
Corporate Governance ,
Enforcement Actions ,
EU ,
FATF ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements
A warm welcome to our latest edition of Conyers Coverage. It’s been a dizzying year to date for the Cayman Islands (re)insurance industry, so it’s time for some updates and insights.
The momentum is real and the pipeline...more
8/11/2023
/ Acquisitions ,
AML/CFT ,
Beneficial Owner ,
Cayman Islands ,
CIMA ,
Conflicts of Interest ,
Corporate Governance ,
Insurance Industry ,
Investment ,
Mergers ,
New Rules ,
Regulatory Agenda ,
Reinsurance ,
Required Documentation ,
Shareholders
We are pleased to welcome you to Conyers' Cayman Islands Regulatory & Risk Advisory Review, keeping you apprised of the latest regulatory news and developments.
The past few months have been a particularly active time for...more
8/4/2023
/ Anti-Money Laundering ,
Audits ,
Beneficial Owner ,
Cayman Islands ,
Corporate Governance ,
Deadlines ,
Economic Sanctions ,
FATF ,
General Licenses ,
Judicial Review ,
Legislative Agendas ,
Proposed Legislation ,
Regulatory Agenda ,
Russia ,
Stock Exchange