The Cayman Islands Government has contracted Jan Tibbling, the former chief public prosecutor at the Swedish Economic Crime Authority (SECA), to help the National Coordination Team steer its way through the Caribbean Financial Action Task Force (CFATF) follow-up.
Tibbling arrived in Cayman late August, and will assist the government through May 2020, said Elisabeth Lees, national coordinator for Cayman's Anti-Money Laundering Steering Group.
At the Swedish Economic Crime Authority (SECA), the equivalent of Cayman's Office of the Director of Public Prosecutions, Tibbling's team deals with financial crime cases including money laundering, tax crimes, and embezzlement. The anti-money laundering expert has represented Sweden at several Financial Action Task Force plenaries and he was the law enforcement FATF assessor for Austria.
I am pleased to join the National Coordination Team, and to work with Cayman’s broader CFATF response team"
"I am pleased to join the National Coordination Team, and to work with Cayman's broader CFATF response team across the public and private sectors that is fulfilling the Islands' global anti-money laundering, countering the financing of terrorism, and proliferation financing commitments," Tibbling said in a press release.
Having represented Sweden at several Financial Action Task Force (FATF) plenaries and sat as the law enforcement FATF assessor for Austria, he is well placed to advise Cayman in relation to its preparations, officials said in a press release. Lees added that SECA had been recognised by FATF as a specialised investigation and prosecution agency representing "the gold standard of expertise and investigation in economic crimes, using innovative techniques".
Over the last six months government has created the Financial Crimes Focus Group to ensure that intelligence, law enforcement and prosecutorial agencies work effectively to combat financial crimes. This includes developing multi-agency policy and guidance for detecting, investigating, and prosecuting financial crimes.
A ministerial subcommittee has been established demonstrating the political commitment to the CFATF process and oversees progress, officials from the financial services ministry stated.
The report is due to be delivered to the CFATF on 24 September.