CIMA, the Cayman Islands Monetary Authority, is a primary regulatory entity of Cayman Island financial services and its currency board. The CIMA is responsible for administering and regulating financial services. It guides the government of the Cayman Islands regarding financial regulation matters. CIMA has four areas of responsibility that are monetary, regulatory, advisory, and cooperative. These areas of responsibility manage the currency and evaluation of banknote’s reliability. The supervision and administration of the financial services industry and monitor the policies set against money laundering. Further, the cooperation with the overseas regulatory authorities for fostering supervisory standards globally. And also, it advises the government of the Cayman Islands regarding all the above-discussed activities. CIMA mission and vision The Cayman Island Monetary
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Author: Heinrich Le Roux