Cayman Island Regulator Fined Offshore Broker EverFX For Money Laundering Issues!

The Cayman Islands Monetary Authority (CIMA) has fined ICC Intercertus Capital (Cayman) Ltd d/b/a EverFX $116,680 for breaches of the Anti-Money Laundering Regulations. The regulator said the company had failed to apply enhanced customer due diligence, had not conducted adequate risk assessments, nor scrutinized transactions, and failed “to verify customer’s identity using reliable, independent source documents.” The EverFX offshore entity is part of Axios Holding like the CySEC-regulated axiance.