Tag: Cayman Islands Monetary Authority

CIMA names two new deputy heads

CIMA names two new deputy heads

| 10/07/2017 | 9 Comments

(CNS Business): The Cayman Islands Monetary Authority (CIMA) has promoted two staff members to top positions within the organisation, as of 1 June 2017. Suzanne Sadlier was named deputy head of the Insurance Supervision Division and Judiann Myles was appointed deputy head of the Compliance Divi [...]

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CIMA begins to create online payment system

CIMA begins to create online payment system

| 12/04/2017 | 0 Comments

(CNS Business): As government inches its ways towards providing more online or e-services, the Cayman Islands Monetary Authority (CIMA) has announced the launch of what will, in a few months, be a fee payment section of the Regulatory Enhanced Electronic Forms Submission (REEFS) system for author [...]

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CIMA celebrates 20 years of service

CIMA celebrates 20 years of service

| 03/03/2017 | 0 Comments

(CNS Business): As part of its 20th anniversary celebrations, the Cayman Islands Monetary Authority (CIMA) will host a Family Fun Day for all staff and their families, as well as a charity 5K Walk/10K Run, set for Sunday, 21 May 2017. In January 1997, CIMA began operations as an amalgamation of t [...]

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Glidden confirmed as CIMA’s banking boss

Glidden confirmed as CIMA’s banking boss

| 19/01/2017 | 0 Comments

(CNS Business): The acting head of the Banking Supervision Division at the Cayman Islands Monetary Authority has been confirmed in the post. On 1 January Gloria Glidden was given the official title for a job she has be doing since last year. Officials said she would continue to provide supervisi [...]

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CIMA releases 2015 Investments Statistical Digest

CIMA releases 2015 Investments Statistical Digest

| 09/01/2017 | 0 Comments

(CNS Business): The Cayman Islands Monetary Authority (CIMA) has released the 9th edition of the Investments Statistical Digest, which outlines the information that is required to be filed by all regulated funds via the Funds Annual Return (FAR), through CIMA’s electronic reporting systems, up [...]

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Cayman holds bank de-risking discussions in DC

Cayman holds bank de-risking discussions in DC

| 09/01/2017 | 1 Comment

(CNS Business): Ministry of Financial Services and Cayman Islands Monetary Authority (CIMA) officials recently held a second round of meetings in Washington DC with key US Congressional staff, regulators and stakeholders about bank de-risking from the Caribbean perspective. The Cayman officials t [...]

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Ex CIMA compliance boss moves to FRA

Ex CIMA compliance boss moves to FRA

| 16/08/2016 | 4 Comments

(CNS Business): Robert James Berry, the former head of compliance at the Cayman Islands Monetary Authority, has been appointed as the director of the Financial Reporting Authority (FRA). Berry, an anti-money laundering expert who worked in private banking before he joined CIMA, has move to the g [...]

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Deputy takes over as compliance boss at CIMA

Deputy takes over as compliance boss at CIMA

| 02/08/2016 | 4 Comments

(CNS Business): After ten years as deputy, Audrey Roe has been promoted to head of the Compliance Division at the Cayman Islands Monetary Authority. Now leading one of CIMA’s most important divisions, she has also assumed the role of money laundering reporting officer for the authority. Wi [...]

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CIMA finally fills top insurance post

CIMA finally fills top insurance post

| 21/07/2016 | 1 Comment

(CNS Business): After several years without a leader at the helm of the Cayman Islands Monetary Authority’s insurance division, the regulator has finally filled the post. Following an open competitive recruitment process Ruwan Jayasekera has been confirmed as the new head of the department. Gi [...]

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CIMA reveals deal with Gibraltar in wake of Brexit

CIMA reveals deal with Gibraltar in wake of Brexit

| 05/07/2016 | 2 Comments

(CNS): The Cayman Islands Monetary Authority (CIMA) has signed a memorandum of understanding with the Gibraltar Financial Services Commission in the wake of  the UK’s recent referendum on leaving the European Union, the results of which impacted both territories. CIMA officials said the deal [...]

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CIMA battles to find insurance chief

CIMA battles to find insurance chief

| 25/04/2016 | 1 Comment

(CNS Business): The Cayman Islands Monetary Authority has struggled to find someone for the post of Head of the Insurance Division, officials said, citing fierce competition in the insurance sector as a contributing factor. At present, the post has been temporarily filled by Ruwan Jayasekera, who [...]

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CIMA battles forgers with seminar on fake cash

CIMA battles forgers with seminar on fake cash

| 29/10/2015 | 0 Comments

(CNS Business): The US Secret Service and representatives from money printers, De La Rue, will be partnering with CIMA and the RCIPS Financial Crimes Unit (FCU) next week at a fraud detection and prevention seminar to help businesses in the fight against forged currency. “At CIMA, we are highly [...]

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Financial industry facing up to outsourcing rules

Financial industry facing up to outsourcing rules

| 21/10/2015 | 1 Comment

(CNS Business): Keeping up its focus on improving the way business is conducted in Cayman, the Cayman Islands monetary Authority (CIMA) has laid down guidelines for the financial services industry on how firms may outsource key activities and regulatory functions. By introducing these rules, CIM [...]

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Cash transfer firms stay open using US currency

Cash transfer firms stay open using US currency

| 25/08/2015 | 1 Comment

(CNS): Three of Cayman’s money transfer businesses have entered into new arrangements that will deal with US currency transactions only, which will enable them to continue providing cash remittance services after a number of local banks pulled out of partnerships with them. Increased concerns o [...]

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Fraud expert joins KRyS Global

Fraud expert joins KRyS Global

| 13/08/2015 | 0 Comments

(CNS Business): Cayman-based fraud investigation and asset recovery firm, KRyS Global, which was recently retained by the Cayman Islands Monetary Authority to help conduct forensic audits on the authority, has now hired Kevin Haywood Crouch as Global Head of Forensics and Consulting. Last week [...]

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