November 3, 2020 | Press Releases

For the Record Radio Interview with National Coordination Team

On Friday 28 September, the For the Record radio show held an interview with the National Coordination Team of the Government’s Anti-Money Laundering Steering Group.

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November 2, 2020 | Press Releases

Cayman Reports FATF Progress

The National Coordinator for Government’s Anti-Money Laundering Steering Group (AMLSG) Elisabeth Lees gives an interview on the current progress of the Cayman Islands during the FATF Observation Period.

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September 28, 2020 | Events

ML/TF/PF Risks and Typologies Webinar

The Anti-Money Laundering Unit, on the 3rd of July, held webinar that focused on money laundering, terrorist financing and proliferation risks and typologies via Zoom, for industry professionals in financial institutions and designated non-financial businesses and professions (DNFBPs).

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September 15, 2020 | Press Releases

FATF Report on ML/TF Red Flag Indicators Associated with Virtual Assets

As of the 14th September 2020, the Financial Action Task Force published a report that focuses on money laundering and terrorist financing red flag indicators associated with virtual assets. This report, based on more than 100 case studies collected by members of the FATF Global Network, highlights the most important red flag indicators that could suggest criminal behaviour in relation to virtual assets. The report discusses key indicators to do with:

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June 29, 2020 | Press Releases

Counter-Terrorism Committee Executive Directorate (CTED) Report

A report was done by the Counter-Terrorism Committee Executive Directorate (CTED) on measures taken by Member States to disrupt terrorism financing.

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June 29, 2020 | Press Releases

Cayman Islands Final AML/CFT Assessment Postponed

 The deadline for the Cayman Islands to enhance its AML/CFT framework was postponed by four months due to the worldwide disruptions caused by the COVID-19 pandemic, as announced by the President of the Financial Action Task Force (FATF) in a letter to the jurisdiction. The Cayman Islands has an additional four months to continue to address the areas identified in the jurisdiction’s Mutual Evaluation Report, published in March 2019. 

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June 24, 2020 | Events

AML/CFT Risk Assessment Webinar

The Anti-Money Laundering Unit (AMLU), on behalf of the Anti-Money Laundering Steering Group (AMLSG), hosted a ML/TF Risk Assessment Webinar on the 5th of June, 2020.

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February 20, 2020 | Press Releases

Cayman’s Business Community Hears about AML Risk Assessments

The business community in the Cayman Islands recently learned more about local risk factors for anti-money laundering, countering of terrorist financing and the countering of proliferation financing (AML/CTF/CPF), with the intention that they use the risk assessments to further strengthen and refine their AML/CTF policies and controls.

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February 14, 2020 | Press Releases

Statement from the Premier

“The Cayman Islands can summarise in one word why financial crime must be fought in our three islands: Reputation.

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February 5, 2020 | Press Releases

Online AML Learning Platform Now Available for Industry Members

The Cayman Islands Government, with support from Cayman Finance, has developed online learning modules relating to anti-money laundering, countering terrorist financing, and countering proliferation financing (AML/CTF/CPF).

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