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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FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems

The FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems sets out the evaluation process.