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ARTICLE · 23 DECEMBER 2022

GIR Know How Anti-Money Laundering

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The primary law prohibiting money laundering in the Cayman Islands is the Proceeds of Crime Act (As Revised) (the POCA). The POCA defines money laundering and establishes offences...

Cayman IslandsFinance and Banking
Christopher Capewell
Christopher Capewell
Adam Huckle
Adam Huckle
Tim Dawson
Tim Dawson
Chris Carroll
Chris Carroll
Duwayne Lawrence
Duwayne Lawrence
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Money laundering

1. What laws in your jurisdiction prohibit money laundering?

The primary law prohibiting money laundering in the Cayman Islands is the Proceeds of Crime Act (As Revised) (the POCA). The POCA defines money laundering and establishes offences relating to money laundering. There are no state, provincial or local laws separate from national laws in the Cayman Islands.

Other laws that assist in combating money laundering or similar, such as proliferation or terrorist financing, include:

  • The Terrorism Act (As Revised) treats entering into or becoming concerned in an arrangement that facilitates the retention or control of terrorist property, whether by concealment, removal from the jurisdiction or transfer to nominees, as a money laundering offence.

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