Cayman strengthens anti-money laundering rules to meet CFATF requirements

Pedro Gonçalves
Cayman strengthens anti-money laundering rules to meet CFATF requirements

A raft of financial services legislation passed in July has faced its first round of scrutiny, as the Cayman Islands government followed-up with the Caribbean Financial Action Task Force. The task force looked at the technical compliance and effectiveness of Cayman's legislative framework in countering terrorist financing and preventing money laundering. Cayman's AML/CFT regime, along with the efforts to counter proliferation financing (CPF), is currently being assessed by the Caribbean...

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