CIMA's effective and proportionate use of its powers to enforce the requirements of the regulatory laws and other relevant legislation plays an important role in the pursuit of its regulatory objectives. CIMA endeavours to exercise its enforcement powers in a manner that is transparent, proportionate and consistent with its publicly stated policies and guidelines. Click here for more details.
CIMA Withdraws Fines Against Sterling Asset Management International
By a previous Notice dated 6 May 2022, the Cayman Islands Monetary Authority (the "Authority") imposed discretionary fines totalli...
Read MoreCayman Islands Monetary Authority Fines Artex Risk Solutions (Cayman) Limited CI$95,409.11
The Cayman Islands Monetary Authority (the “Authority”) has imposed discretionary administrative fines totalling CI$95,409.1...
Read MoreCayman Islands Monetary Authority Fines Kevin David Poole CI$14,700.00
The Cayman Islands Monetary Authority (the “Authority”) has imposed a discretionary administrative fine of CI$14,700.0...
Read MoreCayman Islands Monetary Authority Fines Global Core Insurance SPC CI$78,150.00
The Cayman Islands Monetary Authority (the “Authority”) has imposed discretionary administrative fines totaling CI$78,150...
Read MoreCayman Islands Monetary Authority Fines ICC Intercertus Capital (Cayman) Ltd CI$116,680
The Cayman Islands Monetary Authority (the "Authority") has imposed discretionary administrative fines totalling CI$116,680.00 on ...
Read MoreCayman Islands Monetary Authority Fines Providers Re SPC CI$16,950
The Cayman Islands Monetary Authority (“the Authority”) has imposed a discretionary fine of CI$16,950.00 on Providers Re SPC ...
Read MoreCayman Islands Monetary Authority Fines Lion Brokers Limited CI$261,990.72
The Cayman Islands Monetary Authority (the “Authority”) has imposed discretionary administrative fines totalling CI$261,990.72...
Read MoreCayman Islands Monetary Authority Fines Seven Mile Securities CI$250,000
The Cayman Islands Monetary Authority (the “Authority”) has imposed discretionary administrative fines totalling CI$250,000 on...
Read MoreCayman Islands Monetary Authority Fines Intertrust Corporate Services (Cayman) Limited CI$4,232,607
The Cayman Islands Monetary Authority (the "Authority") has imposed discretionary administrative fines totalling CI$4,232,607.50 o...
Read MoreCayman Islands Monetary Authority Imposes Administrative Fine of CI$72,800 on Star Insurance
The Cayman Islands Monetary Authority (the “Authority”) has imposed discretionary administrative fines totalling CI$72,800.00 ...
Read MoreCayman Islands Monetary Authority Fines Western International Trust Company Limited CI$482,717.50
The Cayman Islands Monetary Authority ("the Authority") has imposed a discretionary fine totalling CI$482,717.50 on Western Intern...
Read MoreCayman Islands Monetary Authority Fines Cainvest Bank and Trust Limited CI$100,000
The Cayman Islands Monetary Authority (“the Authority”) has imposed a discretionary fine totalling CI$100,000.00 on Cainvest B...
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