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Topic: Proceeds of Crime Law

Former football officials Watson, Blake charged

Two former senior officials of the Cayman Islands Football Association have been charged with a string of offences, including money laundering and false accounting, in connection with an ongoing corruption probe.

Virtual assets brought under anti-money laundering rules

In another piece of legislation dealing with the fallout from the Caribbean Financial Action Task Force’s negative review of Cayman’s anti-money laundering regime, lawmakers approved several amendments to the Proceeds of Crime Law, including a definition of virtual assets for anti-money laundering purposes.

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