Grand Cayman, 27 October 2023 – The
Cayman Islands - after two years of sustained hard work and
engagement, both locally and internationally - is embracing
today's Financial Action Task Force's (FATF) decision to
remove us from its anti-money laundering "grey list," as
FATF has determined that our AML regime now meets the global
standard.
Minister of Financial Services and Commerce, the Hon.
André Ebanks, said he's barely able to contain his joy
over what the public and private sectors, working together, have
achieved since the FATF grey listing in 2021. That was when the
Cayman Islands was given three action points to satisfy, in order
to be deemed FATF compliant.
"Team Cayman faced this challenge with faith, competence
and dedication," he said. "We had a shared determination
to step out from under this shadow as soon as possible and today,
we have done exactly that."
