Public Cautioned Against Crypto Scams and Financial Fraud (2025-02-13)

Summary

This is a public caution notice issued by the Cayman Islands Monetary Authority (CIMA) on 13 February 2025, warning members of the public about crypto scams and fraudulent financial activity. The notice is aimed at the general public rather than regulated entities, and does not create any compliance obligations for licensees or registrants.

• CIMA clarifies that it: does not assist with recovery of crypto scams or other asset recovery.
• Does not collect fees, taxes, or other payments from the public.
• Does not facilitate the collection or transfer of crypto assets.

• CIMA advises the public to: be cautious when dealing with individuals claiming to represent unfamiliar or untrustworthy financial institutions.
• Report suspected fraud to local law enforcement or regulatory authorities.
• Verify whether an entity is licensed or regulated by CIMA using its public search-entities tool.

This is purely informational guidance and consumer-protection messaging, not a rule, directive, or regulatory measure imposing new requirements.