November 16 2017
The government has adopted updated Anti-money Laundering Regulations which came into force on October 2 2017. The regulations demonstrate the Cayman Islands’ ongoing commitment to comply with the highest international standards on combating money laundering and terrorist financing, and aim to ensure consistency with the Financial Action Task Force (FATF) 2012 recommendations, in accordance with its position as a leading international finance centre. The adoption of the regulations is part of an overall update of the Cayman Islands anti-money laundering regime and follows the amended Proceeds of Crime Law which took effect earlier this year.
