Registrar Prepares Non-Profits For Risk Assessment

Grand Cayman, 17 July 2024 - The Registrar of Non-Profit Organisations (NPOs) is preparing local charities ahead of its terrorist financing risk assessment of the NPO sector scheduled for Q4 2024.

These assessments are held periodically, as part of the overall Cayman Islands National Risk Assessment of our AML/CFT/CPF (anti-money laundering, countering the financing of terrorism, and countering proliferation financing) regime.

"We are in constant dialogue with NPOs, and many of them have a good working knowledge of their responsibilities under the Non-Profit Organisations Act (2020 Revision). These sessions provide information on the assessment, what will be required from NPOs and how best they can be prepared," Head of Compliance Paul Inniss said.