Global Compliance Solutions recently conducted an audit of all member of the Cayman Islands Real Estate Brokers Association (CIREBA). The purpose of the audit was to ensure that all members of CIREBA adhere to the requirements as set out by the Proceeds of Crime Law, the Money Laundering Regulations and the Guidance Notes as issued by the Cayman Islands Monetary Authority (CIMA).
As an offshore financial and tax free center, the Cayman Islands has had more than its fair share of scrutiny from around the globe, particularly in the area of tax evasion and fraud. It has always been the focus of Cayman Islands Government and CIMA to ensure that the Cayman Islands and all of its financial entities and corporations comply to strict laws and anti-money laundering guidelines, not only to ensure continued and healthy economic growth, but also to substantiate to all foreign investors that the Cayman Islands will only conduct and accept authentic transactions, regardless of the investment platform.
The following is exerts from the report’s findings on International Realty Group Ltd.
To find out more about making a safe and secure investment in Cayman Islands property, whether residential, commercial or raw land, please email [email protected] or browse our listings at www.irgcayman.com. If you would like to speak to a person please call 1 345 623 1111