Cayman Islands:
Cayman Finance Statement On FATF Decision To Increase Monitoring Of The Cayman Islands
02 March 2021
Cayman Finance
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Cayman Finance issued the following statement by CEO Jude Scott
about the announcement by the Financial Action Task Force (FATF)
that it was increasing its monitoring of the Cayman Islands:
"The financial services industry appreciates the efforts
made by the Cayman Islands Government to successfully address 60
separate FATF's recommended actions to strengthen the
jurisdiction's anti-money laundering legal and regulatory
regime. Cayman Finance and its members will continue to collaborate
with Government to support its work to address the few remaining
issues so that the Cayman Islands can be removed from increased
monitoring at the earliest possible opportunity."
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