Press Releases

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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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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January 20, 2020 | Press Releases

Cayman’s Supervisors Receive Specialised AML/CFT Training

Recognising the importance of effective regulatory supervision for financial services and other designated businesses and professions, the Cayman Islands Government recently organised a training session on assessing and monitoring AML/CFT (anti-money laundering and countering the financing of terrorism) compliance.

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December 16, 2019 | Press Releases

Attorney General Leads Cayman’s CFATF Plenary Delegation

The Attorney General, the Hon. Samuel Bulgin, QC, led a 10-person delegation from the Cayman Islands to the Caribbean Financial Action Task Force (CFATF) plenary held the week 22 November in Antigua. During the plenary, Cayman presented our First Follow-Up Report (FFUR), which was submitted to the CFATF in September. The report outlined our progress to date in fulfilling the CFATF’s 63 recommended actions for our jurisdiction.

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November 21, 2019 | Press Releases

Virtual Asset Services Must Comply with Cayman Laws

The Cayman Islands is committed to implementing global AML/CFT standards set out by the FATF, including recommendations relating to the regulation and supervision of virtual assets and the provision of virtual asset services. Government is currently taking steps to prepare a legislative framework to enable compliance with these international measures relating to virtual asset service providers.

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November 14, 2019 | Press Releases

Cayman Fights Misuse of Our AML Regime

Government, regulators and the Cayman Islands private sector recently came together to better identify the risks of misusing legal persons and arrangements – such as companies, partnerships and trusts – as Cayman strengthens our fight against money laundering, terrorist financing and the financing of weapons of mass destruction.

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November 5, 2019 | Press Releases

Cayman Uses Real Cases of Criminality, to Thwart Criminality

Real-life criminal attempts – including from the Cayman Islands – involving real estate, drug trafficking, jewellery, non-profit organisations, corporate services, tax evasion, and trade – are being used to sharpen Cayman’s use of law enforcement and regulatory intelligence, to better prevent our Islands’ business regime from being misused.

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