CIMA unveils senior appointments including Anti-Money Laundering head


The Cayman Islands Monetary Authority (CIMA) has made a number of senior appointments in recent weeks.

Kioko Muasya has been appointed as Deputy Head of Internal Audit, effective 15 June 2020. Muasya has 15 years of experience in private equity, accounting and internal and external audit having been employed with KPMG in the Cayman Islands, Ernst & Young East Africa, Cayman Islands Government Internal Audit Unit, and most recently, Dart as a Senior Manager within the Internal Audit Department.

He was also a founding member, former president and current board member of the Institute of Internal Auditors Cayman Islands Chapter.

CIMA has also appointed Sarah Wheeler as Head of its newly established Anti-Money Laundering Division.

Wheeler was asked to lead the Office for Professional Body Anti-Money Laundering Supervision, a new anti-money laundering/counter financing of terrorism regulator housed in the FCA. She also co-chaired the drafting group for FATF’s 2019 risk-based approach guidance for legal professionals, accountancy professionals and trust and corporate service providers.

In her new post at the Authority, Wheeler will be working along with Deputy Heads, Judiann Myles and Prabhavathi Namburi in the management and oversight of the AML Division. The division is responsible for developing and implementing the Authority’s AML/CFT supervisory and regulatory strategy while ensuring an efficient and effective operation that meets or exceeds international standards.

Finally, it has promoted Dominique Lloyd, George Kamau and David Bennett.

Bennett, who has over 20 years’ experience in the Information Technology field, was appointed as the Deputy Head of Information Systems (Development) in November 2019, having served as the Authority’s Systems Development Manager since 2012.

Kamau has been confirmed as Deputy Head of the Insurance Supervision Division. He brings over 15 years of experience in the financial services industry, the majority of which was spent at CIMA.

Lloyd was appointed as the Deputy Head of the Currency Division on 2 March 2020. Lloyd first joined CIMA as a Currency Officer in 1997 and later climbed through the ranks to the post of Finance Manager, a position she held since 2010, subsequent to her new appointment.

CIMA, Anti-Money Laundering, Appointment, Funds, Kioko Muasya, Sarah Wheeler, Cayman Islands

Cayman Funds