The Cayman Islands authorities have so far processed three matters under the Proceeds of Criminal Conduct Law, which became law in September, 1996 but became operational at the beginning of this year.Two of the matters involved applications from the US authorities to restrain the assets of suspected criminals while the other resulted in the prosecution of a man on relatively minor money laundering offences, to which he pleaded guilty and was given a prison term, said Cayman’s Attorney General Richard Coles.
First Proceeds of Criminal Conduct Law cases in Cayman
27 years ago
Topics
Banks & Trusts Cayman Islands Money LaunderingKeywords
Richard Coles Susan McCorkle William McCorkle