Myron Gushlak and Bluewater Partners Not Regulated by CIMA (2017-10-17)

Summary

This is a public investor-alert style notice issued by the Cayman Islands Monetary Authority (CIMA) on 17 October 2017. It responds to media coverage regarding Mr. Myron Gushlak and Bluewater Partners by clarifying their regulatory status with CIMA.

• Myron Gushlak: Reported in media coverage as convicted in New York on fraud and money laundering conspiracy charges, he is not licensed by CIMA to conduct any CIMA-regulated financial activity in or from the Cayman Islands.
• Bluewater Partners: Described in media reports as a Cayman Islands merchant bank with Mr. Gushlak as managing director, it is not a CIMA-licensed entity.

The notice does not impose any regulatory requirements on licensees or the public; it is purely informational, intended to warn the public and correct any impression that these persons or entities are subject to CIMA regulation or oversight. It does not name any regulated sector or impose filing, reporting, or compliance obligations.