Charities - Law Reform Commission
Charities
Description
Terms of Reference
This project was referred for the attention of the Law Reform Commission in 2006 pursuant to Private Member’s Motion moved in the Legislative Assembly to amend the 1958 Gambling Law. The focus of the reforms was to introduce legislation to regulate charitable activities within the Cayman Islands.
In contemplation was the formulation of provisions relating to the establishment of a permanent charities register into which the names of all charitable associations should be entered. The intention of the registration process was to facilitate accountability for funds and donations received by charitable organisations and to ensure that our laws were compliant with the Financial Action Task Force (FATF) recommendations which related to the establishment and implementation of a comprehensive legislative framework to combat money laundering and terrorist financing activities.
