Intertrust Cayman fined CI$4.2M for AML breaches, Maples Group to seek judicial review of regulations
Intertrust Corporate Services has been fined CI$4.2 million by the Cayman Islands Monetary Authority for breaching the jurisdiction's Anti-Money Laundering Regulations. Separately, Maples Group law firm announced it was seeking a judicial review of CIMA's "interpretation and application" of the regulations.
Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$4.2 million on Intertrust Corporate Services (Cayman) Limited for breaches of the Anti-Money Laundering Regulations (2020 Revision). Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Intertrust Corporate Services (Cayman) Limited were identified as Colin Mackay, Daniel Rewalt, and Elizabeth Harrington.