On April 30 2003 the Cayman Islands Monetary Authority, after consultation with the private sector, introduced further revisions to the Guidance Notes on the Prevention and Detection of Money Laundering. The Guidance Notes are ancillary to the Money Laundering Regulations and recommend anti-money laundering best practice measures. The most important changes concerned the role of the Money Laundering Reporting Officer (the MLRO), particularly in relation to mutual funds.
July 31 2003
