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...

On 2 January 2025, certain amendments to the Proceeds of Crime Act (POCA) came into force[1] that impose new requirements on persons seeking to obtain a defence against the core money laundering offences under the POCA.