Tag: Cayman Islands Monetary Authority

CIMA signs deal with American insurers group

CIMA signs deal with American insurers group

| 13/08/2018 | 1 Comment
(CNS): The Cayman Islands Monetary Authority has signed a memorandum of understanding with the National Association of Insurance Commissioners (NAIC) to help insurance supervisors in the United States and Cayman Islands coordinate on regulatory issues with the goal of efficient, fair, safe and stabl [...]

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Top court confirms extent of CIMA’s powers

Top court confirms extent of CIMA’s powers

| 08/08/2018 | 4 Comments
(CNS): The Cayman Islands  Monetary Authority has said that a Privy Council decision last month has confirmed the regulator’s powers to compel non-licensee Cayman Islands registered firms to give up information on behalf of other overseas regulators under the authority’s 2018 Law. Accor [...]

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Panton expecting busy time at helm of CIMA

Panton expecting busy time at helm of CIMA

| 26/07/2018 | 42 Comments
(CNS): Wayne Panton, the former financial services minister who was recently appointed as chair of the Cayman Islands Monetary Authority Board, is expecting a busy time ahead, given the numerous international and local issues impacting the country’s financial services sector. The appointment o [...]

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CIMA appoints three new chiefs

CIMA appoints three new chiefs

| 12/06/2018 | 2 Comments
(CNS): The Cayman Islands Monetary Authority has promoted three members of its team into senior posts covering statistics and inspections. Kenton Tibbetts, Jackie Powell Marsden and Yoshneck Mutomba, who have all worked at the authority for several years, have been appointed to head up various speci [...]

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Cayman’s offshore rivals target crypto market

Cayman’s offshore rivals target crypto market

| 15/05/2018 | 52 Comments
(CNS): As the global cryptocurrency sector heats up, job creating international investment is seeking out suitable jurisdictions and Cayman Islands’ offshore rivals are looking to steal a march on this growth by introducing crypto-friendly laws and legislation, with Bermuda in pole position. B [...]

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CIG preparing governance framework for cryptocurrencies

CIG preparing governance framework for cryptocurrencies

| 30/04/2018 | 34 Comments
(CNS): The Cayman Islands Government is working on a framework of governance for cryptocurrencies and digital coin projects taking place in the jurisdiction while it considers how to implement a legislative framework for the sector, which has grown to over $400 billion in a few short years. Respondi [...]

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US dollar shortage driving up cash costs

US dollar shortage driving up cash costs

| 22/09/2015 | 121 Comments
(CNS): Financial Services Minister Wayne Panton has said that he and the Cayman Islands Monetary Authority (CIMA) are heavily engaged in talks with banks, regulators in the US and other stakeholders over the US currency problem emerging in Cayman as a direct result of the money transfer businesses [...]

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Bank calls in auditors over FIFA scandal

Bank calls in auditors over FIFA scandal

| 08/06/2015 | 23 Comments
(CNS): Fidelity Bank has called in auditors in the wake of allegations made by the US authorities that it may have played a part in the possible laundering of the alleged bribes and kickbacks at the centre of the FIFA scandal. Officials from Fidelity said they had “engaged Deloitte Cayman to condu [...]

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CIMA boss isolated from FIFA-related probe

CIMA boss isolated from FIFA-related probe

| 05/06/2015 | 68 Comments
(CNS): Updated: Government officials have clarified that the local regulator has set up an internal unit that will report to the non-executive board, and not the CIMA managing director, to investigate the allegations made about a local bank and other offshore entities registered here in the ongoing [...]

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CIFA executive to meet as scandal rolls on

CIFA executive to meet as scandal rolls on

| 01/06/2015 | 40 Comments
(CNS): The first vice president of the Cayman Islands Football Association (CIFA), Bruce Blake, has confirmed that the executive committee of the local football body will be meeting Monday night and plans to issue a press release Tuesday in relation to the FIFA investigation and CIFA President Je [...]

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