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AML/CFT Strategy

The Cayman Islands AML/CFT Strategy is designed to address the findings of the jurisdiction’s money laundering and terrorist financing national risk assessment. The strategy provides the jurisdiction’s strategic direction in addressing money laundering (ML), terrorist financing (TF) and proliferation financing (PF) challenges, with a view to enhancing the AML/CFT/CFP framework. It also illustrates the Cayman Islands Government’s priorities and objectives in dealing with financial crime, and contributes to the Cayman Islands’ adherence to international obligations set by the Financial Action Task Force. The goals of the strategy include:

  • Enhancing the jurisdiction's AML/CFT legal and regulatory framework;
  • Implementing a comprehensive risk-based supervisory framework;
  • Strengthening of sanctions, intelligence and enforcement;
  • Enhancing domestic cooperation and coordination;
  • Ensuring an efficient and effective system for international cooperation; and
  • Raising AML/CFT awareness among all stakeholders and the general public

Other national stakeholders responsible for developing the national AML/CFT strategy and policy include the:

  • Anti-Money Laundering Steering Group
  • Inter-Agency Coordination Committee
  • Anti-Money Laundering Unit
  • Ministry of Financial Services
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