Information for businesses

Cayman Islands business owners have a central role in fighting financial crime. When day-to-day business operations comply with local AML/CFT/CFP laws and regulations, our country becomes a safe place for legitimate business activities – and a highly risky place to attempt anything otherwise.

Knowing which Government agencies supervise business activities is therefore important. On this page, the Who is my supervisor? column lists all the agencies that supervise Cayman businesses.

Consultation

The Anti-Money Laundering Steering Group (AMLSG), from time to time consults, with industry associations with respect to AML/CFT/CFP issues. This is particularly the case with respect to the Anti-Money Laundering Regulations, to have input from industry before they are approved by Cabinet.

Sanctions

Compliance with sanctions laws greatly helps maintain the integrity of our Islands’ financial services, commerce and non-profit organisations.

The Financial Reporting Authority (FRA), in the Portfolio of Legal Affairs, administers and coordinates the implementation of financial sanctions in the Cayman Islands. It also raises awareness of, and compliance with, financial sanctions.

The competent authority for financial sanctions in the Cayman Islands is the Governor.

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Carrying out activities

If you are carrying out activities for your profession, business or employment, and you suspect that funds are from criminal activity, you are obligated to file a Suspicious Activity Report (SAR) with the Financial Reporting Authority. If you are an employee of a financial institution or a designated non-financial business or profession (DNFBP), you also may report the matter to your Money Laundering Reporting Officer (MLRO).