CAY GVT Anti-Corruption Sentencing


On Oct. 30, CAY GVT guidelines for sentencing corruption offenses.


  • CAY GVT published updated Anti-corruption act sentencing guidelines (ex80, S1).
  • Document dated Oct. 30, 2024, received from CAY GVT Nov. 4, summarized on Nov. 6.
  • Guidelines
  • Reflect level of seriousness of Parliament when it set maximum sentence for offences.
  • Corruption offences have potential to undermine integrity of financial services sector.
  • This is reflected in the seriousness factors and sentencing levels as appropriate.
  • Anti-corruption offences include bribery of public officers and members of Parliament.
  • Also frauds on the government, election fraud, breach of trust by public officer, influencing appointments, abuse of office, conflicts of interest, secret commissions.
  • Bribing a foreign public officer and false statements to the Commission also offences.
  • Sets out sentencing guideline steps for determining offence category and setting the starting point and category range for all the above categories of corruption offences.
  • Effectiveness
  • These Guidelines come into force with effect from Dec. 1 2024.

Regulators CAY GVT
Entity Types Bank; Depo; HF; IA; Ins; Inv Co
Reference OG Ex80 S1, 10/30/2024; Gd, 10/28/2024;
Functions Anti-Bribery; Compliance; Financial; Fraud; Legal; Reporting
Countries Cayman Islands
Category
State
Products Banking; Fund Mgt; Hedge Funds; Insurance; Securities
Regions Am
Rule Type Final
Rule Date 10/30/2024
Effective Date 12/1/2024
Rule Id 232236
Linked to N/A
Reg. Last Update 10/30/2024
Report Section AML & Enforcement

Last substantive update on 11/07/2024