Cayman Islands Attorney General Samuel Bulgin
The Cayman Islands financial industry is preparing for restrictive measures to execute U.N. Security Council and European Union sanctions against a number of Libyan nationals and entities. Cayman’s Attorney General, Samuel Bulgin, who is chair of the Anti-Money Laundering Steering Group in the territory, is advising banks of the impending measures. There are now 26 individuals on a list of persons and entities targeted by the sanctions, including Muammar Gaddafi and some of his family members.