Partner, Ian Mason and associate, Beth Waterfall
provide an overview of AML landscape in the Cayman
Islands.
The Cayman Islands has one of the most robust anti-money
laundering, counter-terrorist financing and counter-proliferation
financing("AML/CTF/PF") regimes in the Caribbean region.
It is a member of the Caribbean Financial Action Task Force and
plays a criticalleadership role in the development and
implementation of AML/CTF/PF regimes in the offshore financial
services market. In the lastdecade, the Cayman Islands have
introduced a plethora of legal reforms, which have resulted in the
establishment of a robust andeffective regime. This, in
combination, with an informed and dynamic regulator, has resulted
in the Cayman Islands enjoying a strong,but business-friendly
compliance culture.
