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Article: Cayman Islands Welcomes De-Listing by FATF; Anti-Money Laundering Systems Strong.
- Article from:
- Business Wire
- Article date:
- June 22, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--June 22, 2001
The Government of the Cayman Islands today welcomed the announcement by the Financial Action Task Force (FATF) on Money Laundering that the Cayman Islands has been removed from the list of non-cooperative countries issued one year ago.
In its report issued today, the FATF commended the Cayman Islands, stating that it had "taken concrete steps to implement legal reforms," and cited "significant improvements in its anti-money laundering systems." The FATF also announced its decision to withdraw the application of FATF Recommendation 21 to de-listed countries, under ...