The objective of our Supervisory Information Circulars is to raise industry awareness of common regulatory and thematic issues identified through both our off-site and on-site supervisory practices and highlight important regulatory developments for the financial services sector.
Cmrai Regulatory Update: June 2023 to December 2023
This regulatory update provides a comprehensive review of the key legislative and regulatory developments at the Cayman Monetary Regulatory Authority International (the “Authority” or “Cmrai”) for the period between June 2023
Read More2023 Complaints Handling Survey Review
The Cayman Monetary Regulatory Authority International ("The Authority") conducted a comprehensive Complaints Handling Survey in 2023, targeting seven deposit-taking institutions to evaluate
Read More View PDFAML/CFT Remediation
This supervisory circular outlines how the Cayman Monetary Regulatory Authority International (“Cmrai” or the “Authority”) oversees AML/CFT
Read MoreNon-Face-to-Face Customer Due Diligence Measures
The Cayman Monetary Regulatory Authority International (“the Authority”) has recently (August 2023) updated its Guidance Notes on the Prevention and Detection of Money Laundering
Read More2022 Review of TCSPs AMLR Compliance – Sanctions Screening
Trust and Corporate Service Providers (TCSPs) play a crucial role in the global financial services industry. As gatekeepers, TCSPs are in a prime position to help prevent the misuse of legal entities and arrangements by ensuring their clients are not subject to or attempting
Read MoreSupervisory Information Circular – Stress Testing for Insurers
Stress testing is an essential risk management tool used to assess how changes in various risk factors may impact an insurer's
Read MoreClarifications on Market Discipline Disclosure Requirements (Pillar 3) Rules and Guidelines
The Cayman Monetary Regulatory Authority International (the “Authority”) is issuing interim clarifications regarding the Market Discipline Disclosure Requirements (Pillar 3) Rules and Guidelines, effective from 1 September 2021 (the “Pillar 3 Measure”).
Read MoreGuidelines on Dividend Payments and Distributions
Under section 6(2)(b) of the Monetary Authority Act (2020 Revision), one of the primary duties of the Cayman Monetary Regulatory Authority International (the “Authority”) is to ensure the stability
Read MoreKey Findings from On-site Inspections of Registered Persons
This circular outlines the findings from the Cayman Monetary Regulatory Authority International (“Cmrai” or “the Authority”) based on on-site inspections conducted on Registered Persons
Read MoreClimate Change, ESG, and Sustainability
As the frequency and severity of extreme weather events increase due to climate change, the Cayman Monetary Regulatory Authority International (the “Authority”), like many global regulators,
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