Cayman Islands’ progress in strengthening measures to tackle money laundering and terrorist financing.
Port of Spain, Trinidad and Tobago, October 20, 2021 – Since the assessment of Cayman Islands' measures against money laundering and terrorist financing, the country has taken actions to strengthen its AML/CFT framework.
The Cayman Islands has been under enhanced monitoring since the adoption of its Mutual Evaluation Report. In line with the CFATF Procedures for the Fourth Round of Mutual AML/CFT Evaluations, the country has reported back to the CFATF on the actions it has taken since its mutual evaluation and its 2nd Enhanced Follow-up Report. Consequently, to reflect the progress of the Cayman Islands, the CFATF has re-rated the country in relation to Recommendation 15 - New Technologies from Partially Compliant to Largely Compliant.
Today, the Cayman Islands is Compliant with 22 Recommendations and Largely Compliant on 18 of them.
Access the report by clicking here.