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Ireland

Ireland Transposes CRD VI and Article 21c – Third Country Branch Requirement

Ireland’s transposition of CRD VI brings a new Third-Country Branch Requirement into force, with real implications for non-EU lenders active in the Irish market. Third country firms should now assess whether their deposit-taking, lending or guarantee activities trigger a branch obligation, and consider available exemptions and structuring alternatives ahead of the January 2027 deadline. Read more →

Lorna Smith, Philip Keegan, Stephen Carty

29 Jul 2026

Ireland

Central Bank of Ireland Consultation Paper 170: Regulatory Impact Assessments and Approach to Consultations

The Central Bank of Ireland has published Consultation Paper 170 on Regulatory Impact Assessments and its Approach to Consultations, proposing a structured RIA framework and updated consultation principles. The paper introduces no new rules, but aims to enhance transparency and predictability in regulatory policy development. Submissions are invited by 30 September 2026. Read more →

Lorna Smith, Philip Keegan, Stephen Carty

29 Jul 2026

Cayman Islands

CIMA Finalises New Rules on AML/CFT/CPF Compliance and Financial Sanctions

On 20 July 2026, CIMA published two new Rules for regulated financial services providers in the Cayman Islands — the AML/CFT/CPF Rule and the Sanctions Rule — both effective 18 September 2026. The Rules give legal force to key elements of CIMA’s existing Guidance Notes, addressing CFATF mutual evaluation findings. FSPs should now conduct a gap analysis and update compliance programmes ahead of the effective date. Read more →

Jo Ottaway, Patrick Head

23 Jul 2026

British Virgin Islands

British Virgin Islands’ Progress Recognised at FATF Plenary in Paris

The Government of the British Virgin Islands (the “BVI”) has welcomed the outcome of the Financial Action Task Force (FATF) Plenary held from 17 to 19 June 2026, at which the FATF recognised the BVI’s continued progress in strengthening its AML/CFT/CPF regime. The BVI delegation, led by Attorney General, Honourable Dawn J. Smith, attended and reaffirmed the BVI’s commitment to timely implementation of its FATF Action Plan. Read more →

Ayana Hull, Christopher Capewell, Daniel Moore, Ellen O'Brien

17 Jul 2026

Cayman Islands
British Virgin Islands

OFAC and OFSI Release Comparative Sanctions Guidance

The US’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Financial Sanctions Implementation (OFSI) on 23 June released joint comparative guidance on their respective economic sanctions regimes. Read more →

Adam Huckle, Sam Short

26 Jun 2026

Cayman Islands

CIMA Publishes Thematic Review of Reinsurance Companies

CIMA has published findings from its 2026 thematic review of Class B(iii) and Class D reinsurers in the Cayman Islands, covering stress testing, cash flow testing, capital adequacy and corporate governance. Governance emerged as the primary area of concern, though good practices were also recognised. Reinsurers are encouraged to review their policies and strengthen them where required. Read more →

John Dykstra

23 Jun 2026

British Virgin Islands

ITA Provides Update on VIRRGIN System Issues and Continued Suspension of Late Penalties for Economic Substance Filings

The International Tax Authority (“ITA”) has released a further update to the industry following the transition of BVI economic substance filings to the Virtual Integrated Registry Regulatory General Information Network (“VIRRGIN”) platform. Read more →

Ayana Hull, Chris Newton, Ruairi Bourke

19 Jun 2026

Cayman Islands

CRS and Economic Substance Updates for the Cayman Islands

The DITC has issued key updates affecting CRS and Economic Substance reporting. Financial Institutions must file 2025 CRS returns and filing declarations by 31 July 2026, ahead of the DITC Portal’s closure for its transition to XML Schema v3.0. ES courtesy reminders will no longer be sent by email— relevant entities must track deadlines independently. Updated self-certification forms are now available. Two-factor authentication is on the horizon. Read more →

Christopher Capewell, Lisa Page

18 Jun 2026

Cayman Islands
British Virgin Islands

UK OFSI Imposes Largest Penalty to Date for Russia Sanctions Breaches

The UK’s Office of Financial Sanctions Implementation has fined Sabre Global Technologies Limited (“SGTL”) £1,000,920.59 for breaches of the Russia (Sanctions) (EU Exit) Regulations 2019, the largest monetary penalty under the Russia sanctions regime since the 2022 invasion of Ukraine. Read more →

Adam Huckle, Sam Short

17 Jun 2026

QUICK LINKS

Cayman Islands

Cayman Islands Monetary Authority (CIMA)

Department for International Tax Cooperation

British Virgin Islands

BVI Financial Services Commission (FSC)

Virgin Islands International Tax Authority

Ireland

Central Bank of Ireland (CBI)

Office of the Revenue Commissioners

Jersey

Jersey Financial Services Commission (JFSC)

Luxembourg

Commission de Surveillance du Secteur Financier (CSSF)

Luxembourg ACD (Administration des contributions directes)

EU

European Central Bank (ECB)

European Securities and Markets Authority (ESMA)

The Regulatory 15/15 Podcast

Regulatory Calendars

AML/CFT/CPF & Sanctions Training

AEOI and Economic Substance

Assistance with Regulatory Inspections

Regulatory & Compliance Solutions

Disclaimer

This blog is provided for general information only. While we endeavour to ensure that it is current as at its date of publication, it does not purport to be exhaustive, and it may not reflect all legal and regulatory developments at any time. It does not constitute or contain legal advice and does not create any contractual and/or attorney-client relationship. Any reliance on the blog is solely at your own risk and to the extent permitted under applicable law or regulation the Maples Group disclaims any liability for any loss that may arise from your use or reliance on it. If you require legal advice, please reach out to your usual Maples Group contact.