Caribbean Regulatory Update – Q3 2024

The Q3 Regulatory Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 July to 30 September 2024. We discuss the following areas:

Cayman Islands

1. Beneficial Ownership Transparency Act, 2023
2. Perpetuities (Amendment) Act, 2024
3. Consultation on Proposed Regulatory Fee Adjustments

British Virgin Islands

1. Financial Services Legislative Updates
2. Amendments to the AML Regulations and the AML and CFT Code of Practice
3. Securities and Investment Business (Amendment of Schedule 1) Order, 2024
4. Beneficial Ownership Secure Search System (Amendment) Act, 2024

Click here to access the Update: Caribbean Regulatory Update Q3 2024

Campbells advises both local and international banks, insurers, company managers, trust companies, investment managers, administrators and directors on regulatory and compliance matters. For further information please get in touch with your usual Campbells contact or one of the contacts below.