• Programming note

    Watch LIVE coverage of the Commonwealth Games on Island 24. Some 26 athletes will be representing Cayman in athletics, boxing, cycling, swimming, shooting, squash, and gymnastics to the Commonwealth Games, which is from 23 July to 3 August in Glasgow, Scotland.

Lessons on financial matters

Members of the public will get the opportunity next month to learn more about the workings of the Financial Action Task Force.

Judicial Administration hosts the third in its annual series of Distinguished Lectures on 6 August.  The subject is “The Financial Action Task Force (FATF) and the International Community: Revised Standards and New Challenges.”

Private sector professionals in relevant fields, legislators, and public servants with special interest in the subject of this presentation are being invited to attend.

“The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combatting money laundering, terrorist financing and other related threats to the integrity of the international financial system,” said a release announcing the lecture.

Chief Justice Anthony Smellie said the initiative is sponsored by the judiciary to promote the understanding and development of the law and issues affecting the administration of justice.

This year’s speaker will be Dr. William (Bill) Gilmore, Emeritus Professor of International Criminal Law in the University of Edinburgh, Scotland. Dr. Gilmore was Dean and the Head of the Edinburgh Law School 2004-2007 and his major research interests include the evolution of international measures to combat money laundering and the financing of terrorism.

“Dr. Gilmore’s lecture, which will be delivered in a personal capacity, will focus on the challenges posed for members of the international community by the recent amendments to the FATF standards and changes to the process of evaluation of compliance with those standards,” the statement added.

His remarks will not, however, be directly addressed to the position of the Cayman Islands, it added.

 

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