Tag: Anti-Money Laundering Steering Group
New offshore cops seize $200M dodgy cash
(CNS): The Cayman Islands Bureau of Financial Investigations (CIBFI), a new law enforcement arm focused on investigating crime in the offshore sector, has seized US$200 million as part of a number of live investigations into money laundering and terrorist financing. The fledgling agency is still under development and was created to meet international demands for […]
Cayman develops online AML learning platform
(CNS): As part of continuing efforts by the Cayman Islands to fill gaps in its regime dealing with financial crime identified by the Financial Action Task Force (FATF) and avoid potential black-listing, the government, with support from Cayman Finance, has developed online learning modules relating to anti-money laundering, countering terrorist financing, and countering proliferation financing […]
Peek at financial crime used to raise awareness
(CNS): Cases of financial crime with Cayman connections, especially when related to the offshore sector, have historically remained largely under wraps here. But in a new report, “Money Laundering Typologies and Trends”, the authorities use examples of suspicious behaviour and real criminality that have touched Cayman as a way of helping people in relevant industries […]
