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The Cayman Islands Data Protection Law comes into effect on 30 September 2019. All in scope entities need to ensure they are ready for the commencement of the Cayman Islands new data protection regime. This legal guide provides an overview of how the new regime will operate and what in scope entities need to prepare for the new regime.

Congratulations to Henry Mander, Ian Mann, Henno Boshoff and Charles Moore on being named in Legal Week's Private Client Global Elite 2019.

In the seventh instalment of Harneys’ Substance on Substance series, Philip Graham and Joshua Mangeot give an update on timing of the ITA Code and consider some FAQs around the “holding business” and “finance and leasing business” definitions.

Money laundering is the process by which the proceeds of crime are channelled through the economy/financial system in a way which is intended to conceal the true origin and ownership of the proceeds of criminal activity. This Guide looks at the roles and responsibilities of the nominated officers of FSPs whose job it is to look out for and report suspicious activity and who oversee the compliance function and ensure that adequate systems and controls are in place to comply with the Regulations.

The Cayman Islands Data Protection Law comes into effect on 30 September 2019. Anyone who falls within the definition of a “data controller” must now comply with eight data protection principles in relation to any personal data processed by the data controller.

One of the reasons why the Cayman Islands is a leading offshore jurisdiction is the flexibility of its companies and partnership legislation. This includes the ability of Cayman entities to transfer out of the Cayman Islands and move to another jurisdiction, by following the relevant procedure.