The BBC reported on 15th September that British law enforcement officers fighting money laundering are being frustrated by a lack of co-operation by the authorities in the Cayman Islands.  The NCA said it was “asking for information we don’t get”, and it says it has also significantly stepped up efforts to seize dirty Russian money coming into the UK.  It said that Donald Toon, director of the NCA, revealed the Cayman Islands authorities had not co-operated when he had asked for information on who owned these firms.  He said that usually when his officers asked British Overseas Territories for help “we can generally get from them clear, unambiguous beneficial ownership information but we are having a difficulty with Cayman” and that “The Cayman government is entirely aware of the UK concerns”.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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