Scam Warning - Cayman Islands Account Holders Update Email Not From CIMA (2017-10-17)

Summary

This is a public scam warning issued by the Cayman Islands Monetary Authority (CIMA) on 17 October 2017. It alerts licensees, registrants and the general public that a fraudulent email, with the subject line 'Cayman Islands Account Holders Update', has been circulating and falsely claims to be from CIMA. The email asks recipients to provide account and personal identity information under the pretext of updating CIMA's client records to obtain tax exemption certificates for non-resident account holders.

• CIMA's position: CIMA confirms it did not send this email and that it is a scam.
• Recommended action: Anyone who receives the email should not respond to it and should instead report it to the Financial Crime Unit of the Royal Cayman Islands Police Service.

This is a purely informational fraud-alert notice and does not create any new regulatory rule, filing requirement, or compliance obligation for regulated entities.

Key obligations

• Recipients of the fraudulent 'Cayman Islands Account Holders Update' email should not respond to it and should instead report it to the Financial Crime Unit of the Royal Cayman Islands Police Service at (345) 949-8797.

Applies to

licensees, registrants, the public