Interested in learning how changes to the Cayman Islands' Proceeds of Crime Act will affect you or your organisation?
Join our webinar to learn more - register here.
Recent amendments to the Proceeds of Crime Act ('POCA') came into effect on 2 January 2025, introducing significant changes to the Suspicious Activity Report process in the Cayman Islands.
Our Regulatory experts Colm Dawson and Ian Mason will discuss practical insights on navigating the new requirements alongside RJ Berry, OBE, Director of the Cayman Islands Financial Reporting Authority on 11 March at 9:00 AM - 9:45 AM ET.
Key topics covered will include:
- The new Defence Against Money Laundering ('DAML') consent regime and what it means for SARs
- The 7-day deemed consent period and its impact on transactions
- Key compliance takeaways for Cayman funds and regulated businesses
- Practical steps to avoid Failure to Disclose and Tipping Off offenses
In the meantime, read our full advisory detailing the full POCA amendments.