The Cayman Islands Monetary Authority (CIMA) has responded with “disappointment and extreme concern” to Maples Group’s announcement of a judicial review into the authority’s interpretation and application of certain provisions within the Anti-Money Laundering Regulations (AMLRs).

“Such action was not only inappropriate, professionally irresponsible and crafty, but also entirely against the spirit of existing Court Orders that currently pertain to these proceedings,” CIMA said in a public statement.

CIMA wanted to make it “abundantly clear” that it plans to “robustly defend these proceedings, and will s...