The Cayman Islands' progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Cayman Islands

Overall, Cayman Islands has addressed most of the requirements of the revised Recommendation 15.

  • Recommendation 15 is re-rated from Partially Compliant to Largely Compliant

In light of Cayman Islands’ progress since the adoption of its MER and Enhanced Follow-Up Report, no Recommendations are rated as NC/PC. 

Cayman Islands will remain in enhanced follow-up on the basis that it had a low or moderate level of effectiveness for 7 or more of the 11 effectiveness outcomes.

According to the enhanced follow-up process, Cayman Islands will continue to report back to the CFATF on progress to strengthen its implementation of AML/CFT measures.

CFATF-Follow-Up-Report-Cayman-Islands-2021

Filename
CFATF-Follow-Up-Report-Cayman-Islands-2021.pdf
Size
1 MB
Format
application/pdf
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Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Earlier reports

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The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system
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The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024