major offshore financial center vulnerable to drug trafficking money laundering
The Cayman Islands is a British dependency, and the Queen of England approved its coat of arms – which was designed with input from the public -- in 1958. The shield features the lion of England and three green stars that symbolize the three islands of Grand Cayman, Cayman Brac, and Little Cayman. The green turtle recalls the islands’ seafaring history, and the rope under it refers to the thatch rope industry. The pineapple references historical ties with Jamaica. The motto comes from Psalms 24, acknowledging the Caymans’ Christian heritage.