CAYMAN BRACED FOR NEGATIVE FATF AML/CFT REVIEW

On 26th February, Baker McKenzie reported that a report on the recent review by FATF of Cayman’s AML/CFT systems will likely be released next month, and the results will not be positive, according to the Premier.  Despite improvements, FATF has spotted deficiencies in how Cayman’s rules and regulations are being followed in practice, he said.

http://www.riskandcompliancehub.com/cayman-bracing-for-negative-financial-action-task-force-review/

https://www.caymancompass.com/2019/02/25/cayman-bracing-for-negative-financial-action-task-force-review/

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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