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/
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