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Topic: AML

Cayman financial investigators freeze US$200 million

The Cayman Islands Bureau of Financial Investigations has secured court orders freezing US$200 million as part of global anti-money laundering efforts.

Anti-money laundering: CIMA fines Western International $482,000

The Cayman Islands Monetary Authority has fined Western International Trust Company Limited $482,717 for breaches of the anti-money laundering regulations (AMLRs).

Regulation of crypto asset services enforced in phases

Cayman’s regulatory framework for service providers in the virtual asset space entered into force on 31 Oct. with the first of two phases.

FTS offers COVID-19, AML and risk management webinar

FTS Cayman Islands is hosting a webinar on COVID-19, anti-money laundering and risk management, covering new FATF COVID-19 AML guidelines, cybersecurity risks and updates from the Financial Reporting Authority.

Year in review: Cayman addresses anti-money laundering shortcomings

In March of 2019, the Caribbean Financial Action Task Force released a mutual evaluation report that found the Cayman Islands has major shortcomings in its ability to analyse and understand the risks from money laundering and terrorism financing.
Cayman Compass - Cayman Islands News

Crown counsel receive FATF standards training

The Office of the Director of Public Prosecutions and the national coordination team spearheading Cayman’s work to enhance its anti-money laundering capabilities held a...

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