Cayman tells crypto services to comply with AML rules

Pedro Gonçalves
clock • 1 min read

The Cayman Islands has warned crypto services that they most follow strict anti-money laundering rules as the jurisdiction gets ready to implement the global AML standards for crypto assets set out by the Financial Action Task Force.  The Ministry of Financial Services has issued a statement highlighting that the government is currently preparing a legislative framework to enable compliance of virtual asset service providers with these international measures. "Persons engaged in virtual asset services in or from within the Islands are therefore reminded that they are subject to, and a...

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