Tag: Maples Corporate Services

Maples wins legal battle over CIMA’s AML rules

Maples wins legal battle over CIMA’s AML rules

| 19/04/2023 | 134 Comments

(CNS): In a complex legal ruling, a Grand Court judge has found largely in favour of financial services group, Maples, after it challenged the regulator, CIMA, over new rules surrounding the recording of clients’ details under regulations rolled out in 2020 as part of the enhanced local anti-money laundering regime. The ruling comes against the […]

Continue Reading

Maples files JR over CIMA’s new rules

Maples files JR over CIMA’s new rules

| 13/05/2021 | 96 Comments

(CNS): One of Cayman’s largest financial services and legal firms has filed an application for judicial review challenging how the Cayman Islands Monetary Authority (CIMA) is interpreting and applying certain provisions of the new Anti-Money Laundering Regulations that were implemented last year. The Maples Group said it is turning to the courts to determine how […]

Continue Reading