BVI’s Anti-Money Laundering Regime evaluated by CFATF

In February 2008, the Caribbean Financial Action Task Force (CFATF) team examined the anti-money laundering and terrorist-financing regime of the British Virgin Islands in February.
 It has recently emerged that the Cayman Islands Monetary Authority (CIMA) was part of the CFATF team.

In its annual report for 2007, CIMA announced that Legal Counsel, Sandra Edun-Watler was the legal examiner in the delegation of law enforcement, financial and legal examiners that conducted the 3ird Round Mutual Evaluation in the British Virgin Islands. The team that undertook the inspection from February 10 to February 23 included officials from the Netherlands, Barbados, and Trinidad and Tobago.

In its 3rd Round Mutual Evaluation, under the CFATF initiative, the Cayman Islands underwent the same process of examination in November 2007.

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