Home Topics Financial Reporting Authority

Topic: Financial Reporting Authority

Challenging year for Financial Reporting Authority

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.

Private and public sectors join to fight financial crime

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

DCI holds AML workshop for jewellery dealers

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

Number of suspicious activity reports increased in 2018

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.

RCIPS unit to tackle money laundering

A new task force has been established to proactively investigate money laundering and terror financing in the Cayman Islands.
An aerial view of the business area of downtown George Town, Grand Cayman

Cayman bracing for negative Financial Action Task Force review

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.
An aerial view of the business area of downtown George Town, Grand Cayman

Financial Reporting Authority needs more staff for growing caseload

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

601 suspicious activity reports filed in 2016/17

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Record number of suspicious activity reports filed in 2015/16

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.

This week