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Walkers
Department profile | Walkers
Financial Services: Regulatory

About

Provided by Walkers

We are internationally recognised as the largest and most established offshore Regulatory and Risk Advisory practice. We combine deep technical expertise with practical compliance training documentation, audits and other services. With dedicated financial regulatory lawyers in each of our 10 offices and decades of experience within regulators, global institutions, and leading law firms, we provide clients with a seamless, holistic approach to every regulatory challenge.

We are trusted by the world’s leading financial institutions, including banks, asset managers, broker-dealers, trading platforms, digital assets issuers and service providers, insurers; and payment service providers, for complex, high-value, multi-jurisdictional matters. From business setup and product launches to regulatory engagement, investigations, enforcement and remediation, we deliver tailored solutions that anticipate regulatory priorities and sensitivities. Our close work with policymakers and regulators, coupled with the insight of team members who have held senior positions within these bodies, ensures our clients benefit from unrivalled expertise and foresight in a rapidly evolving regulatory landscape.

Chambers Review

Provided by Chambers

Financial Services: Regulatory - Cayman Islands

1
Band 1

What the Team is Known For

Walkers has a long-established regulatory practice that is particularly highly regarded for its expertise in Cayman Islands Monetary Authority (CIMA) compliance. This work covers guidance on licensing and registration in addition to AML advice. The firm provides regulatory support to several leading private equity houses and trust companies, assisting with their preparation for strategic reviews and on-site CIMA inspections. The team is well versed in handling regulatory matters concerning data protection, virtual assets and cryptocurrency issues.

Work Highlights

  • Walkers acted for Apollo on an expansive AML risk assessment project covering its full portfolio of Cayman entities.

Strengths

Provided by Chambers

They are very knowledgeable about their clients' products and how Cayman law applies to them. They are also responsive to client needs and requests.

Financial Services: Regulatory respondent
Global

The personnel that we engage with are all specialists in the topic and they have excellent access to and understanding of the CIMA personnel and processes.

Financial Services: Regulatory respondent
Global

Walkers understand the fiduciary duty clients have to investors. They are efficient and delegate in a manner that ensures that the highest level of service is delivered at an appropriate cost.

Financial Services: Regulatory respondent
Global

Walkers have deep regulatory expertise and give commercial, practical advice.

Financial Services: Regulatory respondent
Global

Walkers boasts an impressive depth and breadth within its team. Each team member I've dealt with has demonstrated that they are highly skilled in their respective fields.

Financial Services: Regulatory respondent
Global

Notable Practitioners

Provided by Chambers

Lucy Frew
1
Lucy Frew
1
Band 1
Lucy Frew heads Walkers' global regulatory and risk advisory practice. She is highly sought after for her extensive experience assisting with regulatory impact assessments, as well as advising on compliance with AML regulations, sanctions, the OECD’s economic substance requirements and GDPR. Her clients include banks, insurers and asset managers, as well as fintech companies.

She is an impressive presence who can be counted on to provide insightful analysis and recommendations for any contemplated situation, no matter how broad or specific.

She is very well plugged in to the nature of how complex a lot of the things in the digital asset space are.

Lucy Frew is fantastic on FSR.

Lucy, in my mind, is the best regulatory lawyer on the island and she is consistently practical and responsive.

Lucy has great experience in the areas where she offers counsel. She is quick in responding, clear in her advice and efficient on the back and forth.

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Andrew Howarth
2
Andrew Howarth
2
Band 2

Andrew Howarth is highly regarded for his expertise in dealing with a range of Cayman regulatory matters, including CIMA compliance, AML, economic substance matters and data protection. He acts for global investment institutions and several clients in the sphere of digital assets.

His guidance permits clients to implement policies and operational controls to mitigate any risk, ensuring stakeholders have complete confidence that their reputations and assets are well protected.

He is personable, responsive and a pleasure to work with.

Andrew is a reliable resource who is able to deliver great guidance on complex regulatory issues.

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Juliana Tang
U
Juliana Tang
U
Up and Coming

Juliana Tang advises on an array of regulatory compliance mandates, including AML, economic substance and beneficial ownership matters. Her practice also involves giving regulatory advice in the trust space, as well as assisting with licence applications and CIMA inspections.

Juliana is extremely knowledgeable and easy to work with. She is highly skilled at running our relationship and being the primary point of contact.

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Ranked Lawyers at
Walkers

Provided by Chambers
Filter by
Band

Cayman Islands

Financial Services: Regulatory
Lucy Frew
1
Lucy Frew
1
Band 1
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Andrew Howarth
2
Andrew Howarth
2
Band 2
View Profile
Juliana Tang
U
Juliana Tang
U
Up and Coming
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Members

Provided by Walkers