January 20, 2020 | Press Releases

Cayman’s Supervisors Receive Specialised AML/CFT Training

Recognising the importance of effective regulatory supervision for financial services and other designated businesses and professions, the Cayman Islands Government recently organised a training session on assessing and monitoring AML/CFT (anti-money laundering and countering the financing of terrorism) compliance.

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December 16, 2019 | Press Releases

Attorney General Leads Cayman’s CFATF Plenary Delegation

The Attorney General, the Hon. Samuel Bulgin, QC, led a 10-person delegation from the Cayman Islands to the Caribbean Financial Action Task Force (CFATF) plenary held the week 22 November in Antigua. During the plenary, Cayman presented our First Follow-Up Report (FFUR), which was submitted to the CFATF in September. The report outlined our progress to date in fulfilling the CFATF’s 63 recommended actions for our jurisdiction.

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November 21, 2019 | Press Releases

Virtual Asset Services Must Comply with Cayman Laws

The Cayman Islands is committed to implementing global AML/CFT standards set out by the FATF, including recommendations relating to the regulation and supervision of virtual assets and the provision of virtual asset services. Government is currently taking steps to prepare a legislative framework to enable compliance with these international measures relating to virtual asset service providers.

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November 14, 2019 | Press Releases

Cayman Fights Misuse of Our AML Regime

Government, regulators and the Cayman Islands private sector recently came together to better identify the risks of misusing legal persons and arrangements – such as companies, partnerships and trusts – as Cayman strengthens our fight against money laundering, terrorist financing and the financing of weapons of mass destruction.

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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.

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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).

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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.

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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.

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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.

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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.

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