By Alric Lindsay Tamara Shelly-Ann Pearson appeared before Magistrate McFarlane today, June 24, 2026, to face a charge of failing to comply with a planning enforcement notice. The fine was initially calculated at $188,000, however, Magistrate McFarlane reduced it...
Regulatory
The FATF Strengthens Its Standards To Help Ensure Access To Financial Services For Humanitarian Assistance
3 minutes read
FATF Press Release, June 23, 2026 The Financial Action Task Force (FATF) has updated its Recommendation 6 on targeted financial sanctions related to terrorism and terrorist financing to better support humanitarian activities. Recommendation 6 of the FATF Standards requires...
Persons who do not have Cayman legal practise certificates and who are working for overseas affiliates of Cayman law firms must seek admission as Cayman attorneys before the transitional window closes at the end of June 2026 — or...
By Alric Lindsay A delegation from the United Kingdom, including Sarah Champion MP, The Rt Hon. the Lord Brady of Altrincham, The Rt Hon. the Baroness Laing of Elderslie DBE, Edward Morello MP and Dr Al Pinkerton MP wrapped...
FATF Press Release In its sixth targeted update on the global implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures to virtual assets (VA) and virtual asset service providers (VASPs), published today, the Financial Action Task Force (FATF) highlights...
By Alric Lindsay Laura Alleyne, a senior compliance officer with the Ministry of Financial Services, revealed at the R3 Cayman Foundation symposium today, May 14, 2025, that Cayman non-profit organisations raised $111 million in 2024. In addition to highlighting...
By Alric Lindsay Yesterday, January 15, 2025, the fourth annual World Anti-Doping Agency (WADA) forum for sports ministers in the Caribbean region kicked off at the Hotel Indigo on Grand Cayman. It is the first time the Cayman Islands...
OfReg Announces Appointment of Two Key Leadership Positions, Including McCleary Frederick As Executive Director Of Energy
4 minutes read
OfReg Press Release The Utility Regulation and Competition Office (OfReg), the Cayman Islands’ utilities regulator, is pleased to announce the appointments of Mr. McCleary Frederick as Executive Director of Energy and Dr. Vladimir Bulatovic as Director of Economics and...
By Alric Lindsay According to an order dated December 20, 2024, the Securities & Exchange Commission (“Commission”) issued cease-and-desist proceedings against Tai Mo Shan Limited, a Cayman company, concerning alleged United States Securities Act violations. These alleged violations relate...
Cayman Foundation Named In USA Lawsuit Following Failure Of $491 Million $HAWK Token Launch Described As A “Rug Pull” Or “Pump & Dump”
9 minutes read
By Alric Lindsay According to a lawsuit filed on December 19, 2024, with the United States District Court For The Eastern District Of New York filed, several parties sued Alex Larson Schultz, Overhere Limited, Clinton So, and Tuah The...