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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.
|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|