Tag: financial crimes
Cayman’s efforts to avoid blacklist fails
(CNS): Despite passing a raft of laws in the Legislative Assembly to avoid being blacklisted by the European Union, it appears that the Cayman Islands will be added to the EU’s list of jurisdictions with lax standards for financial crime. The Financial Times has reported that while both Cayman and the British Virgin Islands were […]
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 […]
Developers must register with DCI
(CNS): The deadline for property developers operating in the Cayman Islands to register with the Department of Commerce and Investment as a Designated Non-Financial Business and Profession is just two weeks away. Anyone who develops or sells property in Cayman without using a real estate agent is now required to register under new rules that […]
Bean counter charged with 14 fraud offences
(CNS): An offshore finance expert has been charged with a catalogue of financial crimes, including theft, forgery, false accounting, transferring, converting and using criminal property. Robert Neil Aspinall (37) from George Town, who was arrested last month in connection with the disappearance of hundreds of thousands of dollars in relation to funds for which he […]
