Tag: Financial Action Task Force

AG outlines four year AML/terrorist financing plan

AG outlines four year AML/terrorist financing plan

| 26/05/2017 | 0 Comments

(CNS Business): Following the shortcomings identified previously by the Financial Action Task Force (FATF) and in Cayman’s regulatory regime to address emerging threats and vulnerabilities in the financial sector, the attorney general said a strategy has been developed ahead of the next FATF review. In a short statement the government’s chief lawyer, Samuel Bulgin said […]

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Lawyers’ law delayed as small firms ask for time

Lawyers’ law delayed as small firms ask for time

| 18/10/2016 | 38 Comments

(CNS Business): The financial services minister has postponed the debate on the still controversial Legal Practitioners bill until the next meeting of the Legislative Assembly because of a request by some small and sole practitioners who want more time to submit suggestions that specifically impact their sector of the profession. Wayne Panton, who was hoping […]

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Banks from Cayman to Switzerland caught up in FIFA scandal

Banks from Cayman to Switzerland caught up in FIFA scandal

| 22/06/2015 | 1 Comment

(CNS Business): The Cayman branch of Fidelity is just one of many banks around the world that have now been caught up in the various FIFA corruption investigations, calling the already distrusted global banking system into question. Citibank, First Caribbean and HSBC are just some named in the US indictment outlining the corruption case against a number of […]

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80% say no to ownership register

80% say no to ownership register

| 30/12/2014 | 1 Comment

(CNS Business): Government released a report Tuesday on the public consultation it carried out earlier this year regarding how the jurisdiction should tackle the issue of access to who really owns offshore entities registered in the Cayman Islands. The report revealed that over 80% of the people and organizations that responded do not believe Cayman […]

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