On 23 April, Elisabeth Lees collaborated with Kimberly Smith from Silo Compliance on the AML Grey Matters series, to present an insightful webinar on Regulatory Enforcement. This engaging session covered key topics essential for navigating the complexities of regulatory processes.
Topics included:
- The scope of regulatory enforcement powers in the Cayman Islands
- Administrative and criminal penalties under the Monetary Authority Act (MAA), AMLRs, and POCA
- The liability of directors and officers, not just entities
- Real-world case studies (TD Bank, HAYVN, Credit Suisse, Rabobank)
- The role of FATF expectations in shaping local enforcement
- Importance of training, documentation, and risk mapping to avoid enforcement action
We are pleased to share the recording of this webinar for those who couldn’t attend or wish to revisit the discussion. Please click on the link below to access the recording:
Regulatory Enforcement: The Powers – Part 1 – SILO Compliance Webinar
This is essential viewing for anyone in compliance, legal, or leadership roles.
