The Registrar for NPOs (non-income firms) can be staging a schooling consultation on corporate governance for charitable establishments in the Cayman Islands on Tuesday, 2 July from five: 30 pm to 7:30 pm in room 1038 of the Government Administration Building.

The session will cowl high-quality practices for charities; and cash laundering and terrorist financing dangers. Persons who serve as leaders and controllers inside NPOs are endorsed to wait.

‘The consultation will assist all NPOs to fulfill their administrative responsibilities in compliance with worldwide requirements for anti-cash laundering, and countering the financing of terrorism’, stated Paul Inniss, the Head of Compliance at General Registry.

Mr. Inniss can be facilitating the consultation, along with Ben Evans of Financial Transparency Advisors (FTA). The Ministry of Financial Services has contracted FTA to assist with Cayman’s preparations for the 2020 CFATF (Caribbean Financial Action Task Force) review of Cayman’s anti-money laundering and counterterrorist financing regime.

As of one June, there had been extra than four hundred churches, sports activities clubs, philanthropic firms and network groups registered with Government. These entities, extra typically called charities, fall in the scope of the Non-Profit Organisations Law, 2017. The law became enacted in accordance with global standards to reinforce the Cayman Islands’ regime to counter money laundering and terrorist financing.

Mr. Inniss brought that every one charity in Cayman will locate the July schooling consultation beneficial.

‘The training is aimed at each NPO running inside the Cayman Islands. It has been organized to help them in handling their respective corporations according to to international standards. We inspire people to come back prepared to ask questions and engage with us’, he said.

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· Civil Rights Act of 1966

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· The Occupational Safety and Health Act

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