March 3, 2021

Cayman FIFA exec removed in corruption probe

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From Loop Jamaica FIFA has removed a member of its financial monitoring panel who has been implicated in corruption. Canover Watson was questioned last month by police anti-corruption and financial crime units in his native Cayman Islands. He denies wrongdoing. FIFA said on Tuesday that audit committee chairman Domenico Scala “decided to temporarily relieve until […]

FIFA audit panel asks [Cayman Islands] member to explain his arrest

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By Graham Dunbar From Miami Herald ZURICH — FIFA’s financial monitoring panel has asked one of its members to explain his arrest in a corruption case. Canover Watson was detained in his native Cayman Islands on Aug. 28 by police anti-corruption and financial crime units. Local media reported that Watson was quizzed about alleged money […]

The Editor Speaks: Another embarrassment to our financial reputation

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With all the recent revelations of money laundering from prominent members of our society, their denials and then guilty pleas, the ‘astonishment and horror’ of Cayman being placed on the UK financial regulator’s (UK Financial Conduct Authority) list of high-risk jurisdictions for money laundering, the last thing we wanted was another similar revelation. Unfortunately we […]