In this session, expert speaker Elisabeth Lees explores how enforcement powers are applied in real-world scenarios, from administrative fines to criminal prosecution. Using Cayman’s legal and regulatory framework as a case study, the session offers practical, relevant insights for regulated professionals across jurisdictions.

Topics covered in this session include:

• The scope of regulatory enforcement powers in the Cayman Islands
• Administrative and criminal penalties under the Monetary Authority Act (MAA), AMLRs, and POCA
• The liability of directors and officers, not just entities
• Real-world case studies (TD Bank, HAYVN, Credit Suisse, Rabobank)
• The role of FATF expectations in shaping local enforcement
• Importance of training, documentation, and risk mapping to avoid enforcement action