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Monday - Friday, 8:30 a.m - 5:00 p.mThe Cayman Islands Monetary Authority has four principal functions:
Monetary - The issue and redemption of Cayman Islands currency and the management of currency reserves.
Regulatory - The regulation and supervision of financial services, the monitoring of compliance with money laundering regulations, the issuance of a regulatory handbook on policies and procedures and the issuance of rules and statements of principle and guidance.
Cooperative - The provision of assistance to overseas regulatory authorities, including the execution of memoranda of understanding to assist with consolidated supervision.
Advisory - The provision of advice to the Government on monetary, regulatory and cooperative matters.
Among the Monetary Authority's obligations in carrying out its functions are the requirements to:
The Authority's principal functions, and its obligations, are listed in Section 6 of the Monetary Authority Act.