Judgment
In the Matter of Sterling Asset Management International Limited v The Cayman Islands Monetary Authority - Ruling on Application for Leave to Appeal on the papers
FSD 0124/2022 (IKJ) · 2022-11-11
Application for leave to appeal administrative fines imposed by Cayman Islands Monetary Authority-test for leave and procedural requirements as application was for leave to seek judicial review-merits of various grounds of appeal-importance of reasons for decision-Monetary Authority (Administrative Fines) Regulations (2022 Revision), Regulations 15, 19,22 and 31-Anti-Money Laundering Regulations (2020 Revision), Regulations 5(a) (v), 5 (b), 12 (1)-(3)-Cayman islands Constitution, section 19. Administrative Law; Financial Services Regulation; Anti‑Money Laundering; Constitutional Law
Full metadata
| Cause Number | FSD 0124/2022 (IKJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Kawaley J |
| Parties | In the Matter of Sterling Asset Management International Limited v The Cayman Islands Monetary Authority - Ruling on Application for Leave to Appeal on the papers |
| Judgment Date | 2022-11-11 |
| Subject | Application for leave to appeal administrative fines imposed by Cayman Islands Monetary Authority-test for leave and procedural requirements as application was for leave to seek judicial review-merits of various grounds of appeal-importance of reasons for decision-Monetary Authority (Administrative Fines) Regulations (2022 Revision), Regulations 15, 19,22 and 31-Anti-Money Laundering Regulations (2020 Revision), Regulations 5(a) (v), 5 (b), 12 (1)-(3)-Cayman islands Constitution, section 19. Administrative Law; Financial Services Regulation; Anti‑Money Laundering; Constitutional Law |
| Filename (current) | 22-11-11-In-the-Matter-of-Sterling-Asset-Management-International-Limited-v-CIMA-Ruling.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Monetary Authority (Administrative Fines) Regulations (subordinate) | 19, 22 | 7 |
| Anti-Money Laundering Regulations (subordinate) | — | 3 |
| Grand Court Rules - Vol I - Orders (subordinate) | 3(1) | 2 |
| Monetary Authority Act | — | 1 |
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