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  4. Key updates on financial sanctions from CIMA

Key updates on financial sanctions from CIMA

29 Nov 2024
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The Cayman Islands Monetary Authority (CIMA) recently published a number of updates on financial sanctions. These sanctions require financial institutions to assess their exposure to newly listed entities, freeze any applicable assets and report actions taken to the Financial Reporting Authority.

Non-compliance may lead to severe penalties, underscoring the importance of adhering to these measures promptly. Financial entities should stay informed by regularly checking CIMA’s website for the latest updates.

For details on each notice, visit CIMA’s Sanctions Notices here.

Authors
Juan Pablo Urrutia
Partner | Funds & Regulatory | Cayman Islands
Mirza Manraj Harneys front portrait image on a grey background
Mirza Manraj
Counsel | Funds & Regulatory | Hong Kong