CIMA Appoints New Head of Securities Supervision Division
CIMA is pleased to announce the appointment of Ms. Jessica Ebanks to the position of Head of the Securities Supervision Division, effective 1 November 2024.
Read MoreCayman Islands Sea Life Coin Programme
The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€), in collaboration with Scottsdale Mint, is proud to unveil the 2024 Cayman Islands Sea Life Gold and Silver Collector’s Coin Series.
Read MoreNew Investments Head Appointed
Grand Cayman, Cayman Islands (1 December 2023) The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is pleased to announce the recent appointment of Mr. Pranav Variava as Head of the Investments Supervision Division, effective 1 December 2023.
Read MoreCIMA Unveils Queen Elizabeth II $70 Commemorative Banknote
In collaboration with De La Rue, the Cayman Islands Monetary Authority (“CIMAâ€) is pleased to announce the unveiling of our commemorative $70 banknote to honour the one-year anniversary of the passing of Her Majesty Queen Elizabeth II and in recognition of her remarkable Platinum Jubilee.
Read MoreCIMA Announces Key Leadership Appointments
The Cayman Islands Monetary Authority (“CIMAâ€) is pleased to confirm the appointments of Mr. Razaak Busari, Mrs. Ife Adanna Romeo-Bernard and Mrs. Michelle Majid.
Read MoreNew Insurance Head Appointed
Following an intense recruitment competition for a new Head of its Insurance Supervision Division, the Cayman Islands Monetary Authority (“CIMAâ€) is pleased to confirm the appointment of Ms. Kara Ebanks.
Read MoreResponse to Court Decision on Maples Group’s Judicial Revi...
The Cayman Islands Monetary Authority (“CIMAâ€) acknowledges the recent Court ruling following Maples Group’s judicial review of CIMA’s interpretation and application of provisions within the Anti-Money Laundering Regulations.
Read MoreTop Appointments at CIMA
The Cayman Islands Monetary Authority (“CIMAâ€) is pleased to announce the recent appointments of Mr. Paul McAllister, Mrs. Stephanie Azan, Mr. Pranav Variava and Mr. Christopher Bouck.
Read MoreCIMA's 5K Walk/Run, Another Success
The Cayman Islands Monetary Authority (“CIMAâ€) is thrilled to announce that its most recent 5K Charity Walk/Run successfully raised $12,410.97, with all proceeds to benefit the literacy and numeracy programmes at Theoline McCoy Primary School (formerly Bodden Town Primary School), East End Prima...
Read MoreCIMA Launches First Financial Stability Report
The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is pleased to announce the launch of its first-ever annual Financial Stability Report, which provides an assessment of our local financial system, including salient trends and vulnerabilities over the reporting period.
Read MoreCIMA Seeks Public Input for CI Banknote Redesign
In light of the passing of Her Late Majesty Queen Elizabeth II, the Cayman Islands currency, currently in circulation, will soon be phased out and replaced with a new design featuring an effigy of His Majesty King Charles III.
Read MoreCIMA Launches Online Investor Education Campaign
The Cayman Islands Monetary Authority (“CIMAâ€) has announced the launch of its online campaign titled “I Learned the Hard Way†which seeks to raise awareness about the importance of financial education as well as understanding the risks associated with investment opportunities.
Read MoreCIMA Celebrates World Investor Week to Promote Financial Res...
The Cayman Islands Monetary Authority (“CIMAâ€) once again joins regulators from over 100 jurisdictions to celebrate World Investor Week (“WIWâ€) 2022.
Read MoreStatement on the Passing of Queen Elizabeth II
Grand Cayman, Cayman Islands (9 September 2022) The Cayman Islands Monetary Authority ("CIMA" or "the Authority") is deeply saddened by the passing of Her Majesty Queen Elizabeth II and wish to extend our deepest condolences to the Royal Family.
Read MoreNew Deputy Head of the Anti-Money Laundering Division Appoin...
Ms. Jennifer Smith was promoted to Deputy Head of the Anti-Money Laundering Division of the Cayman Islands Monetary Authority (“CIMAâ€) effective 7 July 2022, having served as the division’s Chief Analyst since October 2019.
Read MoreCIMA Launches 25th Anniversary Commemorative Coin
The Cayman Islands Monetary Authority is delighted to launch a new commemorative coin in celebration of its 25th anniversary.
Read MoreCIMA Unveils Commemorative Coin for Queen’s Platinum Jubil...
In collaboration with the Scottsdale Mint, the Cayman Islands Monetary Authority (“CIMAâ€) is pleased to announce the unveiling of our commemorative coin in celebration of the Queen’s Platinum Jubilee.
Read MoreThree New Promotions At CIMA
The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is delighted to announce the recent promotions of Mrs. Stephanie Azan, Mr. Paul Onsakia, and Mrs. Stephanie Adolphus.
Read MoreCIMA Celebrates World Sea Turtle Day
In honour of World Sea Turtle Day, and as part of its 25th Anniversary celebrations, the Cayman Islands Monetary Authority (“CIMAâ€) proudly sponsored the release of a green sea turtle named “Schoonerâ€.
Read MoreMore Top Promotions at CIMA
The Cayman Islands Monetary Authority (“CIMAâ€) is pleased to announce the recent promotions of Mrs. Angelina Partridge, Ms. Helen Spiegel, and Ms. Tina Harris.
Read MoreCIMA Appoints New Deputy Head of the Anti-Money Laundering D...
Mrs. Megan Powell was promoted to Deputy Head of the Anti-Money Laundering Division on 1 April 2022, having served as the division’s Chief Analyst since November 2019.
Read MoreNew Deputy Head of Investments Supervision Division Appointe...
The Cayman Islands Monetary Authority (“CIMAâ€) is pleased to announce the promotion of Mrs. Gaone Dube from Chief Analyst to Deputy Head Investments Supervision Division, effective 1 January 2022.
Read MoreCIMA’s Charity Walk/Run Raises Over $24,000
The Cayman Islands Monetary Authority’s (“CIMA†or “the Authorityâ€) 2021 annual 5K Charity Walk/Run proved to be another success, with the event raising $24,390.
Read MoreCIMA Celebrates 25 Years
This year marks the 25th anniversary of the Cayman Islands Monetary Authority (“CIMAâ€). On 1 January 1997, CIMA was established under the Monetary Authority Act to enhance Cayman’s ability to maintain a well-regulated financial services regime and currency reserve management system.
Read MoreCIMA Activates Protocols for Confirmed COVID-19 Case
The Cayman Islands Monetary Authority (“CIMAâ€) has activated its response protocols, following a confirmed COVID-19 case for one if its employees.
Read MoreCIMA Hosts First Legal Studies 101 Seminar for Local Student...
The Cayman Islands Monetary Authority (“CIMAâ€) held its first Legal Studies 101 Networking Seminar on 9 August 2021 at the Westin Resort Governor’s Ballroom. Over 30 participants learned about common introductory topics in legal studies, practical examples of how they are applied in today’s ...
Read MoreNew Deputy Head of the Fiduciary Services Division Appointed
The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is pleased to announce the appointment of Mrs. Reisan Moiten as Deputy Head of the Fiduciary Services Division, effective 1 July 2021.
Read MoreBinance Not Authorised by CIMA to Operate Crypto-Currency Ex...
The Cayman Islands Monetary Authority (the “Authorityâ€) wishes to inform the public that Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised by the Authority to operate a crypto-currency exchange from or within the Cayman Island...
Read MoreNew Chief Risk Officer and Deputy Head Appointed
Grand Cayman, Cayman Islands (15 June 2021) The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is pleased to announce the appointment of Ms. Janique Samson as Chief Risk Officer in the Managing Director’s Office and Mr. Niall McAuliffe as Deputy Head of the Onsite Inspection...
Read MoreCIMA Launches Online Children’s Art Competition
Following a successful in-house competition, the Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is proud to announce the launch of its first-ever island-wide children art competition themed “A Reflection: Lessons from COVIDâ€.
Read MoreCIMA Defends Decision to Impose AML Obligations on Maples Gr...
The Cayman Islands Monetary Authority (the “Authorityâ€) has noted with disappointment and extreme concern the fact that the Maples Group has thought it fit to issue the recent press release regarding their judicial review of the Authority’s interpretation and application of certain provisions ...
Read MoreTop Promotions at CIMA
The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is pleased to announce the recent senior management promotions of Ms. Suzanne Sadlier, Mrs. Angelina Partridge, Mr. Yoshneck Mutomba, Mrs. Prabha Namburi, and Ms. Kara Ebanks, effective 1 March 2021.
Read MoreBeware of Forged Notes in Circulation
The Cayman Islands Monetary Authority (CIMA) has been made aware by the Financial Crime Investigation Unit (FCIU) of the Royal Cayman Islands Police Service that they are in receipt of forged KYD notes, which were collected during the period 19-25 March.
Read MoreNew Head of Securities Supervision Division Appointed
With more than 20 years of experience in financial regulation and multi-jurisdictional regulatory compliance, Mr. Heeraman Jowaheer joined the Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) on 7 December 2020 as Head of the Securities Supervision Division.
Read MoreCIMA Celebrates World Children’s Day With In-House Art Com...
On the occasion of World Children’s Day (20 November), the Cayman Islands Monetary Authority (“CIMAâ€) launched its first-ever in-house Children’s Day Art Competition on 20 October 2020 under the theme ‘Life in the Cayman Islands’.
Read MoreCIMA Celebrates World Investor Week to Promote Financial Res...
(Grand Cayman – Friday, 20 November 2020) The Cayman Islands Monetary Authority (“CIMAâ€) proudly joins regulators from over 100 jurisdictions to celebrate World Investor Week (“WIWâ€) 2020. Led by the International Organization of Securities Commissions (“IOSCOâ€), the campaign seeks to ...
Read MoreCI$100,000 Administrative Fine Imposed on Cainvest Bank and ...
Grand Cayman, Cayman Islands (Thursday, 12 November) The Cayman Islands Monetary Authority (“the Authorityâ€) recently imposed a discretionary administrative fine of CI$100,000.00 on Cainvest Bank and Trust Limited (“the companyâ€) pursuant to sections 42A and 42B of the Monetary Authority Law...
Read MoreNew Deputy Heads of Policy & Development Division Appointed
Ms. Alisa Glace and Mr. Aaron Unterman were recently appointed as Deputy Heads of the Policy & Development Division at the Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€).
Read MoreCIMA Launches REEFS Help Mailbox
Grand Cayman, Cayman Islands (Friday, 18 September 2020) The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) has launched a new mailbox system to allow industry users to better communicate issues relating to its online filing portal known as Regulatory Enhanced Electronic Forms...
Read MoreTop Ratings for TCSP Regulation in the Cayman Islands
Grand Cayman, Cayman Islands (Tuesday, 1 September) The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) was recently evaluated by The Group of International Finance Centre Supervisors (“GIFCSâ€) against the Standard on the Regulation of Trust and Company Service Providers (â...
Read MorePrivate Funds Transitional Registration Period Closed
Grand Cayman, Cayman Islands (Tuesday, 18 August) Following the passage of the registration deadline (7 August 2020) for private funds, the Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) wishes to advise that the transitional period for such funds has closed.
Read MoreUse of CI Currency in Merchandise & Promotional Material Req...
The public is reminded that using the image of any Cayman Islands currency (“CI currencyâ€), without the written consent of the Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€), on merchandise, advertisements or any form of promotional publication is strictly prohibited.
Read MoreDeputy Head of Internal Audit Unit Appointed
The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is pleased to announce the appointment of Mr. Kioko Muasya as Deputy Head of Internal Audit, effective 15 June 2020.
Read MoreNew Top Promotions Confirmed at CIMA
Grand Cayman, Cayman Islands (Tuesday, 30 June 2020) The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is delighted to announce the recent top promotions of Ms. Dominique Lloyd, Mr. George Kamau and Mr. David Bennett.
Read MoreCIMA Appoints Head of New Anti-Money Laundering Division
Grand Cayman, Cayman Islands (Monday, 6 June 2020) Sarah Wheeler was appointed as Head of CIMA’s (“the Authorityâ€) newly established Anti-Money Laundering Division (“AML Divisionâ€).
Read MoreInsurance Preparedness for Hurricane Season
Grand Cayman, Cayman Islands (Wednesday, 17 June 2020) In light of hurricane season, the Cayman Islands Monetary Authority (“CIMAâ€) advises property owners in the Cayman Islands to be adequately insured against damage caused by natural disasters.
Read MoreCIMA Hosts Plenary Meeting for Global Financial Supervisors
Grand Cayman (20 November 2019) The Cayman Islands Monetary Authority (“the Authority†or “CIMAâ€) recently hosted the plenary meeting for the Group of International Finance Centre Supervisors (GIFCS) from 5 - 6 November at the Grand Cayman Marriott Beach Resort. The group holds two plenary m...
Read MoreCIMA’s Charity Walk/Run Raises Over CI$22K for Primary Sch...
Grand Cayman (19 November 2019) The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is pleased to announce that its third annual 5K & 10K Charity Walk/Run raised a total of CI$22,896 which surpasses the previous year’s proceeds.
Read MoreCIMA Appoints New Head of Policy & Development
Grand Cayman (Wednesday, 6 November 2019) The Cayman Islands Monetary Authority (“CIMA†or “the Authorityâ€) is pleased to announce that Mr. Rayford Britton has been appointed as Head of the Policy & Development Division.
Read MoreCIMA Hosts AML Outreach Session for Banks & Trust and Corpor...
Grand Cayman, Cayman Islands (18 September 2019) The Cayman Islands Monetary Authority (“the Authorityâ€) hosted an anti-money laundering ("AML") outreach session for bank licensees and representatives of regulated trust and corporate service providers ("TCSPs") at the Westin Grand Cayman Governo...
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