On 19 March 2019, the Caribbean Financial Action Task Force
("CFATF") published a Mutual Evaluation Report into
Anti-Money Laundering ("AML") and Counter-Terrorist
Financing ("CFT") measures in the Cayman Islands (the
"Report")1.
The CFATF evaluated the measures in place in the Cayman Islands
as at the date of their onsite visit (4 to 15 December 2017).
The Report analyses the level of compliance with the FATF 40
Recommendations2, the level of effectiveness of the
Cayman Islands' AML / CFT system, and provides recommendations
on how the regime could be strengthened.
Summary
In general, the Report found that the Cayman Islands has a high
level of commitment to ensuring its AML / CFT framework is robust
and capable of safeguarding the integrity of the jurisdiction's
financial sector. The jurisdiction's AML / CFT regime is
complemented by a well-developed legal and institutional
framework.
