CAYMAN ISLANDS ON CUSP OF BEING REMOVED FROM FATF GREY LIST
October 22nd, 2023
The Cayman Islands is on the cusp of being removed from the FATF (Financial Action Task Force) grey list, where it has languished since January 2021, after it completed 63 reforms required by the global AML body. A final inspection by FATF officials was staged this month (September) (1), with the British overseas territory looking to be removed by the next FATF plenary in October (2023). The Cayman Attorney Genera Samuel Bulgin said after the visit: “The Cayman Islands remains dedicated to upholding the integrity of its financial services system and will ...
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