Cayman Islands leave the EU Grey list
30.01.2024
The exclusion of the Cayman Islands from the list of EU jurisdictions with deficiencies in AML/CFT regimes (countering money laundering and terrorist financing – Approx.) will enter into force on February 7, 2024.
"The Government of the Cayman Islands is fully aware of the significance of this achievement and what it means for our international reputation," said the Minister of Financial Services.
The relevant EU act states that, according to the assessment of the European Commission, based on various facts, including the exclusion of jurisdiction from the FATF gray list in 2023, the Cayman Islands has improved the effectiveness of the AML/CFT regime and eliminated technical deficiencies in order to comply with the FATF action plans.
The Deputy Prime Minister thanked EU officials for their trust and promised that he and his colleagues would continue working to combat financial terrorism and money laundering.
Link to source: https://www.mfs.ky/news/media-release/cayman-islands-removed-from-the-eus-aml-list/
"The Government of the Cayman Islands is fully aware of the significance of this achievement and what it means for our international reputation," said the Minister of Financial Services.
The relevant EU act states that, according to the assessment of the European Commission, based on various facts, including the exclusion of jurisdiction from the FATF gray list in 2023, the Cayman Islands has improved the effectiveness of the AML/CFT regime and eliminated technical deficiencies in order to comply with the FATF action plans.
The Deputy Prime Minister thanked EU officials for their trust and promised that he and his colleagues would continue working to combat financial terrorism and money laundering.
Link to source: https://www.mfs.ky/news/media-release/cayman-islands-removed-from-the-eus-aml-list/
Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk
News
07/18/2024 10:53:00
The most livable small towns in the world
The Compare The Market AU portal has compiled a rating of small cit ...
06/26/2024 11:26:00
Italy simplifies the rules for obtaining an EU Blue Card
Italy is striving to simplify the procedure and create more favorab ...
06/19/2024 15:56:00
The United States has suspended the agreement on avoidance of double taxation
The US Treasury Department has notified the Russian government of t ...