Tag: Elizabeth Lees

New offshore cops seize $200M dodgy cash

New offshore cops seize $200M dodgy cash

| 08/02/2021 | 40 Comments

(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 […]

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CI still working on 63  CFATF recommendations

CI still working on 63 CFATF recommendations

| 16/12/2019 | 18 Comments

(CNS): Government has just two months to address the problems identified by the Caribbean Financial Action Task Force in March regarding Cayman’s vulnerability to global financial crime. Despite persistent claims that this jurisdiction is extremely well regulated and adheres to all global standards, the report found some glaring gaps, especially in areas outside the more […]

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Peek at financial crime used to raise awareness

Peek at financial crime used to raise awareness

| 12/11/2019 | 6 Comments

(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 […]

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