Topic: Proceeds of Crime Law
Former athletics association chief cleared of criminal charges
The Grand Court has thrown out a trial against former Cayman Islands Athletics Association President Dalton Errald Watler-Lyons, who was accused of possessing criminal property, in relation to US$30,000 found in his George Town residence in May 2021.
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.
