Regulatory compliance whistleblowing

As the Cayman Islands’ regulatory environment continues to develop, are you up to date on the Cayman Islands Monetary Authority’s (CIMA) new releases and amendments? From their Statements of Guidance, including the April 2023 update for Investment Activities, to the AML Regulations themselves, the regulatory environment continues to evolve.

Recent data published by the Financial Conduct Authority identified that Compliance is the highest reported subject by whistleblowers to the regulator.

More than one in six whistle blower allegations received between October and December of 2022 (128 of 785) focussed on Compliance.

Ensure you have the objective assurance from an Internal Audit assessment that your business is both compliant with the regulations and is operating in an efficient and effective way. That you are driving the best commercial value for you, that helps you navigate a complex regulatory environment.

Grant Thornton Cayman Islands’ Business Risk Services team are experienced specialists, delivering a wide range of services from individual pre-inspection readiness assessments to multi-year internal audit plans. The team is equipped to support your requirements for CIMA compliance and to offer guidance and recommendations on process improvement.

Our Business Risk Services team is led by , Director and Chartered Internal Auditor, Scott Blench, CAMS certified AML Specialist, and Yousra Cherrouk, Digital Assurance and SOX Controls lead.

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Contact us

If you would like a detailed understanding of how these Cayman Islands regulatory compliance requirements impact you, please do not hesitate to contact the Grant Thornton Cayman Islands team or one of the contributors included who are more than happy to help you navigate their complexities and offer you a tailored delivery solution.