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Significant achievements reached by Cayman Islands in CFATF assessment efforts
Cayman Islands marks series of achievements as Observation Period by the Financial Action Task Force (FATF) comes to an end. GRAND CAYMAN (GIS) – Progress to ensure the Cayman Islands anti-money laundering (AML), countering the financing of terrorism (CFT) and proliferation…
Attorney General leads Cayman’s CFATF plenary delegation
From CFATF 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…
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Cayman: Stronger stakeholder relationships a focus on CFATF progress
GRAND CAYMAN (GIS) – Working relationships between local public and private sector agencies combatting money laundering and terrorist financing are growing stronger, thanks to ongoing work by National Coordinator for the Anti-Money Laundering Steering Group (AMLSG) Elisabeth Lees. Appointed to co-ordinate…
Cayman: Statement on progress against CFATF recommendations by Premier
Statement on Progress against CFATF Recommendations By Premier Hon. Alden McLaughlin, MBE, JP, MLA 24 July, 2019 Mr. Speaker support for the Cayman Islands Financial Services Industry remains one of the key priorities for this Government. The conditions that attracted…
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CFATF anti-money laundering requirements to cost Cayman millions
From International Investment The Cayman Islands will have to spend millions of dollars in more law enforcement officers, government officials and training to meet the anti-money laundering requirements set forth by the Caribbean Financial Action Task Force (CFATF). The jurisdiction…
Cayman Islands committed to CFATF progress
Responding to the recently published Caribbean Financial Action Task Force (CFATF) Fourth Round Mutual Evaluation Report on the Cayman Islands, Premier Alden McLaughlin said: “The Cayman Islands remain fully committed to upholding the highest global standards on money laundering and…
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The Editor speaks: 274 Page Mutual Evaluation Report
If I was to tell you I have read the very recently published Mutual Evaluation Report on “Anti-money laundering and counter-terrorist financing measures” you would know I was lying. It is 274 pages to wade through. It went live yesterday…
No timeline in sight for Cayman Islands’ blockchain-specific regulations
By Christopher Copper From International Investment The government of the Cayman Islands has yet to formalise a timeframe for introducing much-needed legislation for the Caribbean jurisdiction’s increasingly successful blockchain sector, a conference heard yesterday. Cayman-registered blockchain companies are among the…
Head of regional anti-money laundering body to deliver keynote presentation at Cayman Islands financial services seminar
The head one of the world’s most important anti-money laundering organisations will be speaking at a financial services seminar in Cayman on August 29th; FTS’ AML/CFT best practices for Cryptocurrenices and ICOs seminar. Ms. Dawne Spicer, Executive Director of the…
Bahamas Insurance Chair fears regulatory ‘Overshoot’
By NEIL HARTNELL From Tribune 242 Bahamian insurers remain concerned that proposed anti-money laundering reforms risk “overshooting and putting us at a competitive disadvantage as a jurisdiction”. Emmanuel Komolafe, the Bahamas Insurance Association’s (BIA) chairman, told Tribune Business that plans…
