The Cmrai's effective and balanced use of its authority to enforce regulatory laws and other applicable legislation is crucial in achieving its regulatory goals. The Cmrai aims to apply its enforcement powers in a way that is transparent, proportionate, and aligned with its publicly stated policies and guidelines. For further information, click here.
Cmrai Rescinds Fines Against Sterling Asset Management International
In a prior notice dated 6 May 2022, the Cayman Monetary Regulatory Authority International ("the Authority") levied discretionary fines amounting to CI$299,050.00 on Sterling Asset Management International Limited
Read MoreCayman Monetary Regulatory Authority International Fines Artex Risk Solutions (Cayman) Limited CI$95,409.11
The Cayman Monetary Regulatory Authority International ("the Authority") has levied discretionary administrative fines totalling CI$95,409.11 on Artex Risk Solutions (Cayman) Limited ("the Company")
Read MoreCayman Monetary Regulatory Authority International Issues CI$14,700.00 Fine to Kevin David Poole
The Cayman Monetary Regulatory Authority International ("the Authority") has issued a discretionary administrative fine of CI$14,700.00 to Kevin David Poole ("Mr. Poole") under sections 42A and 42B
Read MoreCayman Monetary Regulatory Authority International Issues CI$78,150.00 Fine to Global Core Insurance SPC
The Cayman Monetary Regulatory Authority International ("the Authority") has issued discretionary administrative fines amounting to CI$78,150.00 to Global Core Insurance SPC
Read MoreCayman Monetary Regulatory Authority International Issues CI$116,680 Fine to ICC Intercertus Capital (Cayman) Ltd
The Cayman Monetary Regulatory Authority International (the "Authority") has imposed discretionary administrative fines amounting to CI$116,680.00 on ICC Intercertus Capital (Cayman) Ltd ("the Company")
Read MoreCayman Monetary Regulatory Authority International Issues CI$16,950 Fine to Providers Re SPC
The Cayman Monetary Regulatory Authority International (“the Authority”) has imposed a discretionary fine of CI$16,950.00 on Providers Re SPC
Read MoreCayman Monetary Regulatory Authority International Imposes CI$261,990.72 Fine on Lion Brokers Limited
The Cayman Monetary Regulatory Authority International (“the Authority”) has imposed administrative fines amounting to CI$261,990.72 on Lion Brokers Limited (“the Company”) under sections 42A
Read MoreCayman Monetary Regulatory Authority International Issues CI$250,000 Fine to Seven Mile Securities
The Cayman Monetary Regulatory Authority International (the “Authority”) has levied discretionary administrative fines amounting to CI$250,000 on Seven Mile Securities
Read MoreCayman Monetary Regulatory Authority International Issues CI$4,232,607 Fine to Intertrust Corporate Services (Cayman) Limited
The Cayman Monetary Regulatory Authority International (the "Authority") has levied discretionary administrative fines totalling CI$4,232,607.50 against Intertrust Corporate Services (Cayman) Limited (the "Company")
Read MoreCayman Monetary Regulatory Authority International Issues CI$72,800 Fine to Star Insurance
The Cayman Monetary Regulatory Authority International (“the Authority”) has imposed a total discretionary administrative fine of CI$72,800.00 on Star Insurance Company (Cayman) Ltd.
Read MoreCayman Monetary Regulatory Authority International Imposes CI$482,717.50 Fine on Western International Trust Company Limited
The Cayman Monetary Regulatory Authority International (“the Authority”) has issued a discretionary fine amounting to CI$482,717.50 on Western International Trust Company Limited
Read MoreCayman Monetary Regulatory Authority International Imposes CI$100,000 Fine on Cainvest Bank and Trust Limited
Cayman Monetary Regulatory Authority International (“the Authority”) has levied a discretionary fine of CI$100,000 on Cainvest Bank and Trust Limited (“the Company”) under sections 42A and 42B of the Monetary Authority Law (2020 Revision) for violations of the Anti-Money Laundering Regulations (as amended).
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