Update on Cayman Islands AML/CFT - December 2018

On 3 November 2018, the Cayman Islands Monetary Authority (“CIMA”) issued an anticipated amendment (“Amendment”) to its Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing originally issued on 13 December 2017 (“Guidance Notes”).

The Amendment updates only certain sections of the Guidance Notes, which remain largely unchanged. The Amendment will generally not impact arrangements made by our clients to comply with the Cayman Islands Anti-Money Laundering Regulations (2018 Revision) (“AML Regulations”). This advisory provides a summary of the key points only and we would be happy to advise
in further detail if required.

 

Click to view advisory


CAYMAN ISLANDS
Lucy FrewPartnerT +1 345 814 4676lucy.frew@walkersglobal.com
Tony De QuintalSenior CounselT +1 345 914 6388tony.dequintal@walkersglobal.com
Colm DawsonAssociateT +1 345 914 6384colm.dawson@walkersglobal.com
Andrew HowarthAssociateT +1 345 814 4561andrew.howarth@walkersglobal.com

HONG KONG
Alice MolanCounselT +852 2596 3425alice.molan@walkersglobal.com