Associating the Cayman Islands with money laundering has been a
staple of film and television, from "The Firm" in the
1990s to, more recently, "Better Call Saul."
However, scriptwriters may need to find another location to
reference, as the Financial Action Task Force in October 2023
assessed the Cayman Islands as having more robust controls to
prevent money laundering, terrorist financing, proliferation
financing and breaches of financial sanctions than most other
countries.
Background
In its Mutual Evaluation Report of 2019, the FATF recognized
that the Cayman Islands is host to an innovative and advanced
financial sector that plays an important role in the international
marketplace.
