The Cayman Islands Monetary Authority ("CIMA") has recently published its inaugural bi-annual Supervisory Issues & Information Circular.
The Circular sets out the more important regulatory and thematic issues identified by CIMA over the previous six months, and highlights others that are likely to become more prevalent in the future.
This inaugural Circular covers de-risking, the upcoming Caribbean Financial Action Task Force review, outsourcing, data security, risk registers, fraud prevention and AML convergence. It also stresses the minimum requirements CIMA expects to see in a well-functioning AML/CFT programme.
The Circular may be accessed through the link below or the 'Print Ready' link above: