|
|
Article: International Monetary Fund Assessment Points to Quality and Strength of Cayman Islands' Regulatory and Anti Money-Laundering Regimes.
- Article from:
- PR Newswire Europe
- Article date:
- March 14, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
GEORGE TOWN, Grand Cayman, March 14 /PRNewswire/ --
- Newly Published Report Finds Strong Compliance Culture, Professional Infrastructure and Regulatory Supervision Well Within International Standards
A report released today by the International Monetary Fund (IMF) assessing regulation within the Cayman Islands' banking, insurance and securities industries and anti-money laundering regime has recognised the jurisdiction's comprehensive regulatory and compliance frameworks.
"An extensive program of legislative, rule and guideline development has introduced an increasingly effective system of regulation, both formalising earlier practices and ...