Tag: AML/CFT regime
Registrar to help churches navigate risk assessment
(CNS): As local authorities work on the latest Cayman Islands National Risk Assessment of its AML/CFT/CPF (anti-money laundering, countering the financing of terrorism, and countering proliferation financing) regime, the Registrar of Non-Profit Organisations (NPOs) has been preparing local charities with outreach sessions for their terrorist financing risk assessments. With only a few months until the […]
Cayman Islands to get off EU black list next month
(CNS): The Cayman Islands will finally be removed from the European Union’s black list of jurisdictions with deficiencies in their AML/CFT (anti-money laundering and countering the financing of terrorism) regimes on 7 February, government officials have said. An amendment to the relevant EU regulation says that, based on Cayman’s removal from the Financial Action Task Force’s AML ‘grey […]
FATF visit to decide Cayman’s ‘grey’ list fate
(CNS): The Financial Action Task Force plenary session wrapped up in Paris on Friday, but the Cayman Islands is still on the FATF “grey” list, meaning that this jurisdiction’s measures to combat money laundering and terrorist financing (AML/CFT) remain under increased monitoring. Although Cayman has “substantially completed its action plan”, it will not be removed […]
