Tag: dirty money
Developers vulnerable to money laundering
(CNS): Developers who are selling their expensive properties directly to customers are not subject to any oversight, which the Caribbean Financial Action Task Force has said leaves them vulnerable to money laundering and terrorist financing. In the recently published mutual evaluation report for the Cayman Islands that outlined some of the threats this jurisdiction faces […]
Cayman escapes Europe’s dirty money list
(CNS): The Cayman Islands Government was able to breathe a sigh of relief this week when the European Commission revealed its revised blacklist of countries with what it considers weak anti-money laundering and terrorist financing regimes. This jurisdiction avoided the list of 23 countries, along with all of the British Overseas Territories with financial centres. But […]
