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.

And we can summarise in one word why being in this fight, for as long as Cayman has been, is the right thing to do for the global economy: Safety.

As an international financial centre, Cayman’s reputation – built on the platform of global regulatory standards – helps to attract good, sound business. This is priceless because it energises our economy and society. But that’s not the end of it.

Our reputation points to Cayman’s status as a reliable global partner that actively works with other jurisdictions, around the world, to help prevent financial crimes from gaining a foothold in any country. This gives law-abiding citizens everywhere greater safety from being victimised by financial crimes at home, at work, and at school.

And citizens, no matter where they live, agree that fighting financial crimes – money laundering, terrorist financing, and financing weapons of mass destruction (also known as proliferation financing) – is what we must do.

Cayman continues to commit our resources to this fight. You may be surprised, however, to know that one of our best resources is you. So please learn the signs of financial crimes, and report your suspicions to the Royal Cayman Islands Police Service.

Because this is not a fight for Government alone, or for business alone. In the Cayman Islands, fighting financial crime is everyone’s business. Thanks for watching, and for visiting this website.

The Premier, Hon. Alden McLaughlin, MBE JP MLA

 

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