February 20, 2020 3:35 pm
Cayman’s Business Community Hears about AML Risk Assessments
The business community in the Cayman Islands recently learned more about local risk factors for anti-money laundering, countering of terrorist financing and the countering of proliferation financing (AML/CTF/CPF), with the intention that they use the risk assessments to further strengthen and refine their AML/CTF policies and controls.
February 14, 2020 10:27 am
Statement from the Premier
“The Cayman Islands can summarise in one word why financial crime must be fought in our three islands: Reputation.
February 5, 2020 3:33 pm
Online AML Learning Platform Now Available for Industry Members
The Cayman Islands Government, with support from Cayman Finance, has developed online learning modules relating to anti-money laundering, countering terrorist financing, and countering proliferation financing (AML/CTF/CPF).
January 20, 2020 3:32 pm
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.
December 16, 2019 3:31 pm
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.
November 21, 2019 3:30 pm
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.
November 14, 2019 3:28 pm
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.
November 5, 2019 3:27 pm
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 3:26 pm
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 3:25 pm
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.