Cayman brings together public and private sector in fight against money laundering

The Cayman Islands decision to name a national coordinator for the Anti-Money Laundering Steering Group (AMLSG) has brought closer local public and private sector agencies combatting money laundering and terrorist financing. Elisabeth Lees was appointed earlier this year to co-ordinate the Cayman Islands response to recent recommendations by the Caribbean Financial Action Task Force (CFATF) to improve the local AML/CFT regime. The regional standard setting body placed Cayman under a one-year observation period to address the deficiencies identified in its evaluation report released in...