November 5, 2019 | Press Releases
Cayman Uses Real Cases of Criminality, to Thwart Criminality
Real-life criminal attempts – including from the Cayman Islands – involving real estate, drug trafficking, jewellery, non-profit organisations, corporate services, tax evasion, and trade – are being used to sharpen Cayman’s use of law enforcement and regulatory intelligence, to better prevent our Islands’ business regime from being misused.
October 29, 2019 | Press Releases
Crown Counsel Enhance Their Awareness of FATF Standards
UK legal expert John Ringguth, who has extensive experience dealing with Financial Action Task Force (FATF) standards, addressed Crown Counsel in the Cayman Islands on their role in relation to anti-money laundering and counter financing of terrorism (AML/CFT).
October 23, 2019 | Press Releases
Single Family Offices Asked to Participate in AML Consultation
Single family offices in the Cayman Islands are asked to give input – either via their trust and corporate services providers (TCSPs), or directly through the Ministry of Financial Services – into the Ministry’s consultation on additional anti-money laundering regulations.
October 4, 2019 | Press Releases
Private, Public Sectors Join to Fight Financial Crime
Professional money laundering, how to spot terrorism financing, and financial crime involving complex corporate structures was discussed during the Financial Crime Investigation Unit’s (FCIU) recent Stakeholders Forum.
October 2, 2019 | Press Releases
Kiosks Offer Company Information
General Registry has made the names of directors and their alternates of any company incorporated in the Cayman Islands available for inspection as of 1 October.
September 23, 2019 | Press Releases
CFATF Work Promoted at Proliferation Financing Seminar
During a recent private-sector event, Government updated the Cayman Islands financial services industry on the Islands’ counter-proliferation financing (CPF) framework, as part of the work being done to further strengthen Cayman’s anti-money laundering and counter financing of terrorism (AML/CFT) regime.
September 10, 2019 | Press Releases
Cayman Readies for Anti-Money Laundering Update
As the Cayman Islands prepares to update the Caribbean Financial Action Task Force (CFATF) on our improved framework for deterring and detecting money laundering, terrorist financing, and proliferation financing, Government has further strengthened the team of persons who are supporting our efforts.
September 9, 2019 | Press Releases
Registrar Speaks to NPOs on AML/CFT Risks
The Registrar for NPOs (non-profit organisations) addressed dozens of charitable organisations on their money laundering, terrorist financing, targeted financial sanctions and proliferation financing risks at an information session on Thursday, 5 September at the Government Administration Building.
August 23, 2019 | Press Releases
Trust Regulations Take Effect
Two pieces of legislation to clarify Cayman’s regime for trusts are now in force, as the Private Trust Companies (Amendment) (No. 2) Regulations, 2019 and Trusts (Transparency) Regulations, 2019 were gazetted on Friday, 16 August.
July 18, 2019 | Press Releases
Minister Rivers Discusses Tax and Regulation with US Lawmakers
Financial Services Minister Tara Rivers visited the US Capitol in Washington, DC last week, where she described the Cayman Islands’ financial services industry and emphasised Cayman’s leadership role in combatting money laundering and ensuring tax transparency in meetings with Justin Muzinich, the Deputy Secretary of the United States Treasury, US Senators, Members of Congress, senior Congressional staff, and other federal agency officials.