Project Jetway

Project Jetway

A financial institution was suspected by the United States Senate of being involved in money laundering, drug trafficking, and terrorist financing activities.

The local financial services regulator engaged us as an independent examiner to inspect the Cayman licensee’s compliance with the applicable anti-money laundering and counter financing of terrorism laws and regulations.

The investigation focused on whether the licensee had appropriate and sufficient anti-money laundering policies and procedures and adequate identification procedures.

Various issues arose during the inspection, which we were able to overcome and produce a comprehensive report for the regulator within the deadline imposed.