Cayman Regulatory Framework Endorsed

Cayman Regulatory Framework Endorsed: "Cayman Finance has welcomed the results of an independent study which places the Cayman Islands among only two offshore territories which have consistently implemented internationally-accepted standards on identity verification during due diligence processes.

Richard Coles Chairman of Cayman Finance, the promotional agency for the islands' financial services industry, noted that the study, carried out by Professor Jason Sharman of Griffith University in Australia, confirms what Cayman Islands officials and industry have been saying all along: that the Cayman Islands is one of the most diligent jurisdictions in the world when it comes to the fight against money laundering and financing of terrorism.

“It is certainly refreshing to see the positive results of an independent study after the investment that the Cayman Islands has made - from both an industry as well as government perspective - in enhancing its regulatory framework over the past 15 years”, Coles said."

'via Blog this'