Regulatory Update: Q2 2020

Athena’s Quarterly Regulatory Update summaries the latest legal and regulatory developments in the Cayman Islands affecting the alternative investment industry.

As background to many of the legislative developments this past quarter, you will be reminded of Cayman’s ongoing efforts to bolster its regulatory framework and respond to various recommendations of the Caribbean Financial Action Task Force (CFATF) and the Financial Action Task Force (FATF) on anti-money laundering, countering the financing of terrorism and countering proliferation financing (AML/CFT/CPF), virtual assets, private funds and more.  In conjunction with these efforts, the Cayman Islands government remains in close contact with the EU Commission and is making progress towards proposals, which the government believes, will result in the removal of the Cayman Islands from the list of non-cooperative jurisdictions at the next available opportunity, which is expected to be as early as October.

Click below to read or download our Q2 Regulatory Update.