Cayman Finance promotes National Risk Assessment Surveys


Cayman Finance recently hosted a free informational seminar covering the Cayman Islands Government’s Money Laundering/Terrorist Financing National Risk Assessment Surveys that are currently underway.

Jude Scott, chief executive of Cayman Finance, said that facilitating events such as these are important as they enable the whole industry to work together to make a difference. 

“We were fortunate to have Francis Arana, head of the anti-money laundering unit, Attorney General’s Chambers, join us to lead the question and answer session,” Scott said. 

“The results of these surveys are very important to the future of the Cayman Islands financial services industry, so Cayman Finance wanted to provide an opportunity for individuals to gain a better understanding of the process, while having the chance to have their questions answered.”

Arana said he was keen to participate and appreciated Cayman Finance extending the invitation to be a speaker.

“These surveys are the first step in a much wider assessment of the Cayman Islands by the FATF, therefore, as a jurisdiction, it is vital that we get as many accurately completed surveys as possible,” Arana said. “The seminar was an ideal platform allowing me to explain the surveys’ intricacies in more detail.”

Sandra Edun-Watler, president of the Cayman Islands Compliance Association, was one of many industry association representatives present. 

Cayman Finance did an excellent job with the seminar as the Q&A format allowed attendees to have their questions answered,” Watler said. “I felt the message got across to those who may not have had an appreciation or previously known the importance of properly preparing for the assessment, the tremendous collaborative work involved, and the reasons behind why this survey is being undertaken.”

Cayman Finance, Jude Scott, National Risk Assessment Surveys, Money Laundering, Francis Arana

Cayman Funds