Ad
related to: cayman islands anti money laundering
Search results
Results From The WOW.Com Content Network
The Caribbean Financial Action Task Force (CFATF) is an organization of states and territories of the Caribbean Basin that have agreed to implement common counter-measures against money laundering. CFATF has associate status within the Financial Action Task Force on Money Laundering (FATF). [1] [2]
Under the UK Sanctions and Anti-Money Laundering Act of 2018, beneficial ownership of companies in British overseas territories such as the Cayman Islands must be publicly registered for disclosure by 31 December 2020. [31]
Syria – Combating Money Laundering and Terrorism Financing Commission (CMLC) Taiwan – Money Laundering Prevention Center; Thailand – Anti-Money Laundering Office (AMLO) Togo – Togo Financial Intelligence Unit [7] Trinidad and Tobago – Trinidad and Tobago Financial Intelligence Unit [7]
Although its main focus is on tax crime, the OECD is also concerned with money laundering and has complemented the work carried out by the FATF. [ 46 ] The OECD has maintained a 'blacklist' of countries it considers "uncooperative tax havens" in the drive for transparency of tax affairs and the effective exchange of information, officially ...
In June 2000, the Cayman Islands was listed by multilateral organisations as a tax haven and a non-cooperative territory in fighting money laundering. The country's swift response in enacting laws limiting banking secrecy, introducing requirements for customer identification and record keeping, and for banks to cooperate with foreign ...
The bank has also been criticized for lapses in anti-money laundering controls, leading to a fine by Swiss regulators in 2020 for compliance shortcomings. [ 3 ] [ 4 ] Julius Baer Group vs. WikiLeaks: Cayman Islands documents controversy
The Anti–Money Laundering and Counter–Terrorism Financing Act 2006 (Cth) (AML/CTF Act) is the principal legislative instrument, although there are also offence provisions contained in Division 400 of the Criminal Code Act 1995 (Cth). Upon its introduction, it was intended that the AML/CTF Act would be further amended by a second tranche of ...
She was previously a member of the Cayman Islands Water Authority, as well as serving on the Anti-Money Laundering Steering Group, the Law Reform Commission and the Cayman Islands Child Safeguarding Board. [2]