Statement on Indictment of FIFA Officials (2017-10-17)

Summary

This is a brief public statement issued by the Cayman Islands Monetary Authority (CIMA) on 17 October 2017 in response to media coverage of criminal allegations by Swiss and US federal authorities against certain FIFA officials, which also involved a bank licensed by CIMA.

• Acknowledgement: CIMA confirms it is aware of the allegations.
• Commitment regarding licensee: With respect to its own licensee, CIMA states it will act appropriately and in accordance with its legal obligations.
• No further comment: CIMA explicitly declines to provide further comment, stating that doing so would be inappropriate and legally impermissible at that stage.

The notice does not name the licensee, describe any supervisory action taken, or set out any new rules or requirements. It is purely a public relations/communications statement rather than a regulatory instrument, and it does not impose any obligations on regulated entities generally.