Regulatory Blog

France, Germany and the UK (the E3) have triggered the "snapback" mechanism under UN Security Council Resolution 2231, escalating diplomatic pressure on Iran regarding its nuclear programme. This decision, announced on 28 August 2025, follows years of escalating Iranian non-compliance with the Joint Comprehensive Plan of Action.

To ensure compliance and transparency, the Cayman Islands Monetary Authority recently published several updates to its regulatory measures. These updates are critical for licensees, private funds and mutual funds operating within the jurisdiction.

Following the invasion of Ukraine by Russia, the UK Government, alongside the member states of the European Union, the United States of America and other global stakeholders issued significant new sanctions. View a table of all the sanctions here

The UK Overseas Territories and Crown Dependencies have updated their sanctions lists to align with the latest UK measures against Russia.

On 12 August 2025, the Luxembourg tax authorities published a circular offering guidance on the Collective Investment Vehicle exemption under the reverse hybrid rules introduced by ATAD2.

On 25 July 2025, Cyprus published a new sanctions law, the Criminalisation of Violation of Restrictive Measures Law of 2025. This law replaces the current criminal penalties for sanctions violations with a robust framework to determine the criminal offences and penalties for breaches of EU sanctions and restrictive measures, ensuring stricter compliance and accountability.

On 30 July 2025, the Bermuda Monetary Authority published a discussion paper on the responsible use of Artificial Intelligence in Bermuda's financial services sector.

Effective 27 June 2025, the Cayman Islands Monetary Authority updated its Regulatory Handbook and Enforcement Manual.

On 24 July 2024, the Jersey Financial Services Commission published significant enhancements to the Jersey Private Fund regime, set to take effect on 6 August 2025. These updates are designed to strengthen the framework and ensure it remains aligned with the evolving needs of international professional investors.

On 9 July 2025, the Cyprus Securities and Exchange Commission issued Circular C721 to clarify the application of Section 62(2) of the Prevention and Suppression of Money Laundering Activities Law.

On 31 July 2025, the Bermuda Financial Sanctions Implementation Unit introduced a new subscription service to keep supervised entities informed and compliant with evolving sanctions regulations.

The Central Bank of Cyprus introduced three significant directives, effective from 2025, aimed at strengthening the regulatory framework governing Electronic Money Institutions and Payment Service Providers. These directives are designed to ensure compliance with European Union standards, enhance governance, and safeguard financial stability. Below is a detailed overview of the directives: