CAYMAN ISLANDS: AML STEERING GROUP RELEASES CASE STUDIES AND TYPOLOGIES

On 7th November, the Cayman Compass reported that the Cayman Islands Anti-Money Laundering Steering Group (AMLSG) has compiled real-life crime cases, from Cayman and abroad, in its publication ‘Money Laundering Typologies and Trends’ to demonstrate how different industry sectors can be misused by criminals.  It includes diagrams illustrating how sanctions designation was avoided, and sections on terrorist financing and proliferation financing.

cayman

The publication, dated September 2019, is available at –

http://www.gov.ky/portal/page/portal/amlhome/publications/Money%20Laundering%20Typologies%20and%20Trends1

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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