Cayman Islands. Grand Cayman, Cayman Islands (Friday, 18 September 2020) The Cayman Islands Monetary Authority (“CIMA” or “the Authority”) has launched a new mailbox system to allow industry users to better communicate issues relating to its online filing portal known as Regulatory Enhanced Electronic Forms Submission (“REEFS”). Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands, August 2015 View (Notice of the issuance of this amended guidance was placed in Gazette No. Copyright © 2021 Cayman Islands Monetary Authority . In 1983, the 1974 law was repealed and replaced by the Currency Law Revised, which itself was replaced in 1997 by section 22 of the Monetary Authority Law. 589 people like this. For the latest information on how to travel safely and responsibly to the Cayman Islands, please click She added, “Given the expected increase in filing for private funds, I trust that this new arrangement will enhance the online submission of information by licensees and registrants, as well as improve internal operations for both CIMA and its industry users going forward.”. Page Transparency See More. For a better experience on Cayman Islands Monetary Authority. Price Range Not Applicable. The new framework provides greater certainty, ensures compliance with internationally recognised standards and provides an exchange of information with the Cayman Islands Monetary Authority (CIMA) which will enable the regulator to stay abreast of industry practice and support development. The external links included on this site are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by CIMA of any of the products, services or opinions of the entity. Leisure travel is not allowed in this phase which focuses on repatriation flights and returning residents/homeowners. The Cayman Islands Monetary Authority or (CIMA) Banking . Notably, the VASP Amendment Act brings the Virtual … 1 check-in. By Notice of 20 July 2018 the Cayman Islands Monetary Authority (“CIMA”) has responded to a number of frequently asked questions by confirming that all funds (regulated and unregulated) that conduct relevant financial business in or from within the Cayman Islands must appoint suitably qualified managerial level natural persons as Anti-Money Laundering Compliance Officer (“AMLCO”), Money … Grand Cayman is the largest of the three Cayman Islands, which also includes Little Cayman and Cayman Brac approximately 90 miles (150km) away. The Cayman Islands dollar has been pegged to the United States dollar at 1 Cayman Islands dollar = 1.2 U.S. dollars since 1 April 1974, when the Currency Law of 1974 was enacted. Subscribe to our newsletter to receive latest news and updates. South of Cuba, where the Caribbean and North American tectonic plates meet, lies Grand Cayman a divers paradise surrounded by deep walls, crystal clear water, and miles of coral reef. 15/2015 on the 31st of August 2015 as required by section 34(5) of the Monetary Authority … Cayman Islands Monetary Authority Regulatory Handbook March 2019 6 of 39 C3b – Sample Extract Board Submission CONFIDENTIAL BOARD EXTRACT FROM MINUTES OF THE CAYMAN ISLANDS MONETARY AUTHORITY EXECUTIVE COMMITTEE OF THE BOARD MEETING TO: Managing Director, Cayman Islands Monetary Authority About See All +1 345-949-7089. www.cima.ky. Q. The Cayman Islands Monetary Authority (CIMA) recently issued clarification of its Guidance Notes in respect of the Anti-Money Laundering Regulations to make it clear that all funds (whether regulated by CIMA or not) conducting “relevant financial business” in or from within the Cayman Islands are required to appoint individuals to act as Anti-Money Laundering Compliance Officer (AMLCO), Money … Effective immediately, reports should be made as follows: Includes general information, history, links to directories, government agencies, and services. Mainstream Fund Services (Cayman) Ltd focuses on corporate and … Continued The Cayman Island Monetary Authority (CIMA) is a full member of the IOSCO, the principal global standard setting body for the regulation of securities markets. Mainstream Fund Services in the Cayman Islands The Cayman Islands are a leading international financial centre and the offshore domicile of choice for hedge funds.