Elisabeth was pleased to assist the Cayman Compass with looking at the Cayman Islands’ role as a global International Financial Centre in the global fight against money laundering and in relation to the recovery of the proceeds of crime.
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Elisabeth was also asked to clarify the law regarding money laundering prosecutions and the fact that no conviction for a predicate offence is required. This was already the case in the Cayman Islands as case law such as ‘Anwoir’ applied and the matter was decided upon by the Grand Court in ‘the Gold case’. However, the Proceeds of Crime Act was also amended in 2023 to ensure that the matter was also clearly laid out in statute.
