CAYMAN ISLANDS: EU takes Cayman Islands off AML list

The Ministry of Financial Services in the Cayman Islands has announced that as of 7 February, the EU has officially removed the Cayman Islands from its list of high-risk third countries with anti-money laundering, countering the financing of terrorism and counter proliferation financing (AML/CFT/CPF) deficiencies.

The EU Commission removed the Cayman Islands from its AML list following the publication of its Delegated Act.

Cayman’s delisting from the EU AML list was in line with previous EU protocol, the Ministry pointed out.

6 February 2024

SPAIN: Spain’s finance ministry targets crypto, NFTs with new tax reform

The Spanish Ministry of Finance aims to enhance its authority to seize crypto and non-fungible tokens (NFTs) as part of a new tax reform. The Ministry of Finance of Spain is gearing up to push a new

Read More
25 October 2024

US: United States Senate to vote on Anti Money Laundering Act

The United States Senate will this week vote on the Anti-Money Laundering Act of 2020 as an amendment to the National Defense Appropriations Act. If this bill is passed, it will eliminate anonymous

Read More
14 May 2024

UK: Campaigners demand action on money laundering as Overseas Territories meet

Anti-corruption campaigners have called for the Government to do more to tackle financial crime in the UK’s Overseas Territories ahead of a key meeting this week. Senior representatives from Britain’s

Read More
1 March 2024

ASIA: Asia hedge fund launches drop to lowest number in 14 years as China interest wanes

Only 62 new hedge funds launched in Asia last year, the lowest number since 2009 and just 15 were China-focused funds, data provider Preqin said. But Japan-focused funds more than doubled to 19. WHY

Read More