6. Other Relevant Matters

Anti-money Laundering Rules

The Proceeds of Crime Law (2008 Revision), as supplemented by the Money Laundering Regulations and the Guidance Notes, contain rules for anti-money laundering reporting. They outline the requirements for due diligence which bankers and other professionals, such as attorneys and accountants, must perform on their clients to confirm identity and source of funds. In June 2001, the Cayman Islands were removed from a list of non-cooperative countries and territories issued by the Financial Action Task Force, making the Cayman Islands an approved jurisdiction.


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