Read our latest articles, thought leadership, press releases, updates and announcements.
The information within these articles contains opinions and / or pieces of thought leadership.
They do not purport to be comprehensive or to render legal advice.
31 Jul 2018
30 September 2018 is the date by which all existing "in-scope" Cayman Islands investment entities must have appointed AML Officers. As discussed in recent client updates, entities will be "in-scope" if they conduct "relevant financial business" in or from within the Cayman Islands. This will include all Cayman Islands investment entities, whether regulated or unregulated (including all hedge funds and private equity funds), structured finance vehicles and entities conducting securities investment business.
26 Jul 2018
The Cayman Islands Monetary Authority has published FAQs in respect of the application of certain AML compliance obligations of Cayman Islands funds.
20 Jul 2018
The Cayman Islands has recently changed a number of regulatory provisions as part of its ongoing commitment to international standards, most notably with respect to tax transparency. In this article, partner Harjit Kaur outlines the steps that need to be taken by the managers and boards of hedge funds to ensure that their funds remain compliant with the various regulatory requirements.
This article appeared in edition 115 of the AIMA Journal, published in July 2018.
19 Jul 2018
Maples and Calder's latest edition of our Funds Update - Ireland, a quarterly summary of Irish legal & regulatory, tax and listing developments in recent months.
11 Jul 2018
As clients of this firm will be aware from our previous communications and updates, all persons registered with the Cayman Islands Monetary Authority ("CIMA") as "Excluded Persons" under the Securities Investment Business Law (2015 Revision) ("SIBL") are regarded as carrying on "securities investment business", and therefore remain within the scope of the Cayman Islands Anti-Money Laundering Regulations (the "AML Regulations") and must continue to ensure that they comply with the requirements of the AML Regulations.
CIMA has recently contacted certain persons registered as Excluded Persons under SIBL requiring them to obtain and provide an audit report (the "Report") on the entity's AML procedures and compliance with the AML Regulations.