Cayman Islands: Crime

Our conversation with the FRA on the updates to the Cayman Islands' Proceeds of Crime Act (POCA) brought together our Regulatory experts, Colm Dawson and Ian Mason, along with RJ Berry, OBE, Director of the Cayman Islands Financial Reporting Authority (FRA).

The Cayman Islands has recently introduced two regulations under the Beneficial Ownership Regime which relate to: circumstances where persons with "legitimate interests" can apply for access to beneficial...

Amendments to the Cayman Islands Proceeds of Crime Act came into effect on 2 January 2025 and include revisions to the suspicious activity report (SAR) process to the Financial Reporting Authority (FRA).