Cayman Islands Committed To Caribbean Financial Action Task Force (CFATF) Progress

Responding to the recently published Caribbean Financial Action Task Force (CFATF) Fourth Round Mutual Evaluation Report on the Cayman Islands, Premier Alden McLaughlin said:

"The Cayman Islands remain fully committed to upholding the highest global standards on money laundering and terrorist financing. Our anti-money laundering and counter financial terrorism action plan will send a clear signal that we intend to maintain those standards.

"We are addressing the recommendations in the Caribbean Financial Action Task Force (CFATF) Mutual Evaluation Report as a matter of priority. "A dedicated task force, comprised of a cross-section of government agencies, has been appointed to oversee the implementation of a comprehensive action plan and we are confident that all of the concerns identified in the CFATF report will be remedied within the one-year timeframe.