Topic: Banks and Trust Companies Bill
Legislation proposed to strengthen anti-money laundering framework
Government is presenting a raft of bills for debate in the Legislative Assembly on Wednesday, 24 July, to address the fallout from the negative assessment of how Cayman’s anti-money laundering and counter financing of terrorism regime works in practice.
CIMA to supervise banking groups on a consolidated basis
The Legislative Assembly adopted the Banks and Trust Companies Bill 2018, which empowers the Cayman Islands Monetary Authority to supervise banking groups on a consolidated basis.
