The Financial Action Task Force (FATF) has removed the Cayman Islands from its ‘grey list’, recognising that the Cayman Islands’ anti-money laundering regime is compliant and effective.
At a FATF plenary meeting held in Paris on 27 October 2023 the Cayman Islands was confirmed as having successfully shown that it had met the action points during the FATF onsite visit and have been removed from the grey list.
Sean Harrington, Head of Risk, Caribbean commented:
‘We are welcoming the opportunity to return to business as usual whilst continuing to play our part in enhancing the Cayman Islands’ reputation as a sophisticated jurisdiction in which to do business’.
For further information please see the Cayman Islands Ministry of Financial Services press release.