Tag: Financial Action Task Force
More challenges ahead for offshore sector in EU
(CNS): The financial services industry in the Cayman Islands is bracing itself for another rocky year, as this jurisdiction could be included on the European Union’s list of high-risk third countries for money laundering that pose significant threats to the financial system of the Union.
Cayman on FATF ‘grey list’ over AML compliance
(CNS): The Cayman Islands has fallen short of the necessary compliance standards and will be under increased observation by the Financial Action Task Force until it fulfills the requirements relating to its international financial obligations. Cayman has been added to the FATF’s grey list because of the failure by the authorities here to enforce the […]
