Topic: sanctions
Cayman hosts sanctions forum ahead of UK FATF presidency
In early March, the Cayman Islands became the first British Overseas Territory to host the UK government’s key sanctions forum.
Abandoned former Cayman-flagged superyacht to be auctioned
A Russian oligarch-owned superyacht flagged to the Cayman Islands that has been anchored at an Antiguan harbour for more than a year will be auctioned if the owner does claim it.
US sanctions Cayman company for human rights abuses on fishing vessels
The US Treasury Department’s Office of Foreign Asset Control (OFAC) on Friday sanctioned two Chinese individuals, Li Zhenyu and Xinrong Zhuo, and a network...
CIMA: Sanctions policies often not effectively implemented
A review of how trust and corporate services providers are complying with the sanctions provisions of Cayman’s Anti-Money Laundering Regulations highlighted that the majority have adequate policies and procedures but they are not always effectively implemented.
