The Financial Action Task Force (FATF) has
removed the Cayman Islands from its list of countries subject to
increased monitoring for anti-money laundering purposes. The FATF
process recognises that the Cayman Islands has the highest levels
of technical compliance with global anti-money laundering standards
and ensures that those standards are being applied effectively.
The FATF's express acknowledgment of the effectiveness of
Cayman's AML measures is a welcome development, and one that
demonstrates to international stakeholders that the Cayman Islands
continues to take its obligations as a premier international
financial centre seriously.
At the FATF's plenary session in February 2021, the Cayman
Islands was placed on the list of countries subject to increased
monitoring for anti-money laundering, counter terrorist financing
and counter proliferation financing purposes, also known as the
"FATF grey list". For the avoidance of doubt, Cayman was
not, and never has
