Tag: Cayman Islands Monetary Authority

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, CIMA i [...]

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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 over [...]

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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 CIMA [...]

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Boards put block on CIG’s choices for CIMA directors

Boards put block on CIG’s choices for CIMA directors

| 10/08/2015 | 10 Comments
(CNS Business): Two people recently appointed by Cabinet to sit on the Cayman Islands Monetary Authority board have been prevented from taking up their seats as a result of objections from the private sector entities where they work, stopping them from accepting the voluntary posts. Of all governmen [...]

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Offshore lawyer to head regulatory board

Offshore lawyer to head regulatory board

| 29/07/2015 | 2 Comments
(CNS Business): The former managing partner at Walkers, Grant Stein  is the new chair of the Cayman Islands Monetary Authority. Stein replaces George McCarthy, the former chief secretary, at the regulator, which oversees the islands’ offshore sector. Financial Services Minister Wayne Panton confi [...]

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CIMA fills deputy spots in key divisions

CIMA fills deputy spots in key divisions

| 07/07/2015 | 0 Comments
(CNS Business): Cayman’s offshore regulator has filled two of its vacant senior posts with the appointment of deputies heads of departments. The Cayman Islands Monetary Authority (CIMA) said Razaak ‘Raz’ Busari had been appointed as deputy Head of Insurance Supervision Division last month whil [...]

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