Grant Thornton Cayman Islands
The firm has been established in the Cayman Islands since 1978 and has expanded to keep pace with the Islands’ development as the world’s most sophisticated and most successful offshore financial centre.
The Cayman Islands Monetary Authority recently published the annual Anti-Money Laundering ("AML") and Counter-Terrorist Financing Activity Report (the "Report") for 2022. The Report sets out CIMA’s AML / CFT activity and risk-based approach (“RBA”) to on-site inspections during the period and found that 940 requirements were issued across 88 on-site inspections. CIMA will continue to take robust and prompt action where it finds that regulated entities are not meeting the standards required by the Anti-Money Laundering Regulations (2023 Revision), including enforcement action and fines where appropriate.
On Saturday, 23 September, Grant Thornton raised over US$5,000 at a fundraiser viewing of the Rugby World Cup match between Ireland and South Africa in aid of the Breast Cancer Foundation and Cayman Islands Cancer Society (“CICS”).
On Friday, 22 September, the entire Grant Thornton Cayman Islands team participated in ‘GT in the community’, an annual day of Corporate Social Responsibility launched in 2014 at a global scale where Grant Thornton’s 68,000 people in 147 markets close their doors to support local community projects, honoring their promise to “Act, Commit and share”.
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