THE COMMISSIONER OF POLICE OF THE CAYMAN ISLANDS: A SIGNIFICANT AMOUNT OF MONEY LAUNDERING IS LINKED TO GAMBLING

On 24 January, the Loop website reported that during a Select Committee hearing, the Commissioner of Police of the Cayman Islands, said that “illicit proceeds of illegal gambling in the Cayman Islands are somewhere between 30 million and 50 million Cayman dollars per annum” and that “illegal gambling is an organised criminal activity by criminal enterprise” with international links.

https://cayman.loopnews.com/content/byrne-significant-amount-money-laundering-linked-gambling

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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