Topic: Financial Reporting Authority

Police and regulators are warning the public about a fake 'Cayman Crypto Bank'.

The Financial Reporting Authority faced a particularly challenging year in 2019 following a 22% increase in suspicious activity reports, staff resignations and the ongoing demands of the Caribbean Action Task Force anti-money laundering evaluation process.

How to spot professional money laundering, terrorism financing and financial crime involving complex corporate structures were the main topics at the Financial Crime Investigation...

The Department of Commerce and Investment hosted a training session for dealers in precious metals and stones on Thursday, 15 Aug

The administrative financial intelligence unit responsible for receiving and analysing financial disclosures related to suspected criminal proceeds received 935 suspicious activity reports last year, up from 868 reports in 2017.

A new task force has been established to proactively investigate money laundering and terror financing in the Cayman Islands.

A report on the Financial Action Task Force’s recent review of Cayman’s defenses against terrorist financing and money laundering will likely be released next month, and the results will not be positive, according to Premier Alden McLaughlin.

The Financial Reporting Authority is looking for additional staff to handle a skyrocketing load of suspicious activity reports of potential money laundering and other financial crimes connected to Cayman.

More than 600 suspicious activity reports of potential money laundering and other financial crimes were made between July 1, 2016 and June 30, 2017, according to the Financial Reporting Authority’s 2016/17 annual report.

A record number of suspicious activity reports (SARs) of potential money laundering and other financial crimes were made between July 1, 2015 and June 30, 2016 according to the Financial Reporting Authority’s 2015/16 annual report.