Data & Intelligence
Cayman Islands: Changes to the AML Regime
The Cayman Islands has long had a robust anti-money laundering and combatting of terrorist financing regime (the AML Regime) aimed at ensuring that Cayman Islands financial service providers adopt appropriate procedures to safeguard against the commission of money laundering and/or terrorist financing offences.
This article explores a number of significant changes to the regulatory framework introduced towards the end of 2017. The principal aim of these revisions was to enhance the AML Regime’s effectiveness and to comply with the Financial Action Task Force’s Recommendations ahead of the Caribbean Financial Action Task Force’s fourth round mutual evaluation of the Cayman Islands, which took place in December 2017.
Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited
Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures
David Rubenstein | Co-Founder and Managing Director, The Carlyle Group
Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments
Torbjorn Caesar | Senior Partner, Actis
Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company