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Article: Money laundering report.(CAYMAN ISLANDS)
- Article from:
- Caribbean Update
- Article date:
- January 1, 2008
CopyrightCOPYRIGHT 2008 Caribbean Update, Inc. 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)
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The Cayman Islands on Dec. 11 said a third-round evaluation of the Cayman Islands' anti-money laundering (AML) and combating the financing of terrorism (CFT) regimes by the Caribbean Financial Action Task Force (CFATF) concluded on Nov. 23 with the official approval of the report by the CFATF at its 26th plenary and 14th ministerial meeting in San Jose, Costa Rica:
The evaluation was based on the assessment team's June 2007 visit and it reported a "strong compliance culture" in the Cayman Islands' financial services sector. The evaluation rated the Cayman Islands 'compliant' or 'largely compliant' with ...