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Article: Cayman Islands Releases FATF Response; All FATF Anti-money Laundering Criteria Met.
- Article from:
- Business Wire
- Article date:
- October 3, 2000
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Business Editors
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Oct. 3, 2000
The Government of the Cayman Islands today released details of its report to the Financial Action Task Force (FATF) on Money Laundering.
The FATF will be meeting in Madrid from October 4 - 6, and last week announced its intention to conduct a preliminary review of corrective measures of "non-cooperative" jurisdictions announced in June.
Based on its June 2000 review, FATF stated that the primary "deficiencies" of the Cayman Islands anti-money laundering regime involved customer identification, internal reporting and record keeping. All of these areas, in ...