Cayman IslandsHM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the addition of three individuals to its consolidated list pursuant to the Global Anti-Corruption Sanctions Regulations 2021.
HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning amendments to the consolidated list entry for one individual who is designated under the ISIL (Da’esh) and Al-Qaida (United Nations Sanctions) (EU Exit) Regulations 2019.
To Evade AML Rules, Exchange Blocked US Clients from Stating Their Locations
A global cryptocurrency exchange and trading platform registered in the Cayman Islands and Seychelles but secretly run from China, Singapore and elsewhere laundered hundreds of millions of dollars from a broad range of crimes since opening in 2017, U.S. authorities alleged Tuesday.
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The Cayman Islands Monetary Authority issued administrative fines totaling CI$116,680 on the George Town-based financial institution for breaching various requirements under the Anti-Money Laundering Regulations.
The Cayman Islands Monetary Authority issued an administrative fine of CI$299,050 against the George Town-based financial institution for breaching the requirements of the Anti-Money Laundering Regulations, including failing to identify ultimate beneficial ownership.
| Technical | Effectiveness |
|---|---|
| Compliant : 22 | High : 0 |
| Largely Compliant : 18 | Substantial : 0 |
| Partially Compliant : 0 | Moderate : 6 |
| Non-Compliant : 0 | Low : 5 |
The Cayman Islands' technical compliance was re-rated in a Oct. 20, 2021 follow-up report.
| Rank : 105/110 |
| Score : 7.64/10 |
| Rank : N/A |
| Score : N/A |
| Rank : 1/133 |
| Score : 76/100 |