CIMA appoints new head of Compliance Division

Audrey Roe, new head of the Compliance Division at CIMA
Audrey Roe, new head of the Compliance Division at CIMA

Audrey Roe has been appointed head of the Compliance Division of the Cayman Islands Monetary Authority.

As part of the promotion, Ms. Roe will also take on the role of money laundering reporting officer for the authority.

Ms. Roe has worked for CIMA as deputy head of the Compliance Division, responsible for the authority’s enforcement actions, since 2006.

CIMA Managing Director Cindy Scotland said in a press release, “We are pleased that Audrey has accepted the challenge of heading the Compliance Division. We are confident that her 10 years as deputy head have provided her with the tools required to be successful in her new role.”

In addition to enforcement actions, Ms. Roe will be in charge of due diligence for people applying to be the “approved persons” on regulated businesses, helping overseas authorities on regulatory requests and “working closely with the Financial Reporting Authority concerning any suspicion of money laundering identified in the course of the Authority’s supervisory functions,” CIMA said.

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1 COMMENT

  1. Now that there is a new compliance head, maybe somebody will do something. The USA & Canada are ganging up on Cayman National for tax fraud. What if they shut it down? Will I loose all my money? CIMA please do something before it is too late.

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