Cayman implements key changes to its AML rules

Pedro Gonçalves
clock • 2 min read

The Cayman Islands has introduced a number of important amendments to its Anti-Money Laundering (AML) regulation, following recommendations made by the Caribbean Financial Action Task Force (CFATF) in last year's mutual evaluation report on the jurisdiction's AML regime. The biggest change is the abolition of the 'equivalent jurisdiction list': From 5 August 2020, the Equivalent Jurisdiction List will no longer be a factor, and instead, the country of the applicant for business will need t...