Cayman Islands Improves Its FATF Technical Compliance

The Cayman Islands has further improved its technical compliance with the 40 Financial Action Task Force (FATF) Recommendations relating to anti-money laundering and countering the financing of terrorism (AML/CFT).

In February 2021, the FATF determined that the Cayman Islands was compliant or largely compliant with 39 of the 40 criteria at the time. This was further upgraded in October 2021, and the Cayman Islands is now rated as compliant or largely compliant with all 40 FATF Recommendations.

The Cayman Islands is now at the forefront of jurisdictions assessed so far on technical compliance with the FATF 40 Recommendations.

Separately, the Cayman Islands remains under monitoring with regards to the Caribbean Financial Action Task Force's (CFATF) effectiveness review. The 2019 Mutual Evaluation Report identified 63 recommended actions to be addressed. In February 2021, FATF determined that the Cayman Islands had satisfactorily addressed 60 of these recommended