ARTICLE · 31 OCTOBER 2023

Cayman Islands Removed From FATF Grey List

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On 27 October 2023, the Financial Action Task Force ("FATF") delivered the welcome news that the Cayman Islands has been removed from the FATF's increased 'monitoring list' (often referred to as the FATF Grey List).

Cayman IslandsGovernment, Public Sector

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This decision comes after the Cayman Islands once again demonstrated its commitment to international standards by satisfying all Recommended Actions and successfully completing an on-site inspection by the FATF earlier this year.

The FATF's recognition of the Cayman Islands' robust and effective anti-money laundering and counter-terrorist financing ("AML / CFT") regime underscores the jurisdiction's dedication to implementing the highest global standards.

In its press statement, the FATF confirmed that the jurisdiction had satisfied prior commitments given to the FATF and strengthened the effectiveness of its AML / CFT regime by:

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Cayman Islands Removed From FATF Grey List

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