AG ramps up anti-money laundering efforts

| 06/03/2012

Sam bulginAG_0.jpg(CNS Business): The Cayman Islands Attorney General’s Chambers has established a dedicated Anti-Money Laundering (AML) unit to coordinate law enforcement and other authorities dealing with anti-money laundering efforts, as well as combating the financing of terrorism (CFT) and combating the financing of the proliferation (CFP) of weapons of mass destruction. The new AML unit will advise the Anti-Money Laundering Steering Group (AMLSG) in such areas as “the tweaking of our legislative and other operational tools” to ensure Cayman complies with contemporary international best practice, Attorney General Samuel Bulgin, who is chairman of the AMLSG, said in a statement. Included in the new unit’s remit is a review of the requirements dealing with “domestic politically exposed persons”. Read more on CNS Business

Category: Business

Comments are closed.