Cayman Islands Removed from the EU’s AML List

Cayman Islands Removed from the EU’s AML List

Grand Cayman, 19 January 2024 – The Cayman Islands’ removal from the EU’s list of jurisdictions with deficiencies in their AML/CFT (anti-money laundering and countering the financing of terrorism) regimes will become effective on 7 February. “The...
Cayman Proactively Advances Its Beneficial Ownership Framework

Cayman Proactively Advances Its Beneficial Ownership Framework

Grand Cayman, 15 December 2023 – Recognising the shared intent to support a responsible, transparent global financial system, the Cayman Islands has updated our 2019 commitment to the UK by introducing plans to enhance our beneficial ownership framework by the end of...
Grit and Commitment Gets the Cayman Islands Off the FATF List

Grit and Commitment Gets the Cayman Islands Off the FATF List

Grand Cayman, 27 October 2023 – The Cayman Islands – after two years of sustained hard work and engagement, both locally and internationally – is embracing today’s Financial Action Task Force’s (FATF) decision to remove us from its anti-money...
Cabinet Approves Establishment of Asia Office in Singapore

Cabinet Approves Establishment of Asia Office in Singapore

Grand Cayman, 14 September, 2023 – During this week’s meeting of Cabinet, the establishment of a Cayman Islands Government Asia Office based in Singapore was approved by Cabinet. The office is being headed by the Government’s Overseas Representative...
Cayman Islands Removed from the EU’s AML List

Accountants Act and Regulations Come into Effect on 1 February

Grand Cayman, 31 January 2023 – The Accountants (Amendment) Act, 2022, and two regulations that support its provisions; and The Accountants (Quality Assurance) (Amendment) Regulations, 2023, will come into effect tomorrow (Wednesday, 1 February 2023). The Accountants...