The passage of recent legislative amendments in the Cayman Islands is the latest in a series of legal and regulatory measures enacted by the government, in close consultation with the funds and finance industry, to ensure that Cayman remains at the forefront of compliance with international standards to prevent and detect money laundering and terrorist financing. The reforms are driven, in large part, by the increasing global demand for transparency within the financial sector. In a guest article, Justin Savage, partner at Ogier, reviews the genesis of the legislative reforms and analyzes the key aspects of which fund managers must be aware, including changes to the information required to be recorded and to filing requirements. See our two-part series “How Fund Managers Can Navigate the U.S. and Cayman Islands AML Requirements”: Part One (Jul. 25, 2019); and Part Two (Aug. 1, 2019). For additional commentary from former Ogier attorneys, see “How Safe Is It to Ignore Foreign Tax Claims or Judgments Against Cayman Islands Hedge Funds in the Context of a Winding Up of the Fund?” (Feb. 2, 2012); and “Investing in Cayman Islands Hedge Funds Through a Nominee or Custodian: An Unforeseen Peril” (Jan. 26, 2012).