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FinCEN Advisory for US Financial Institutions

General Industry Notices
Date: Fri, 03 November 2017

The Cayman Islands Monetary Authority (the “Authority”) draws to your attention the recent advisory, FIN-2017-A006, issued 20 September 2017 by the U.S. Financial Crimes Enforcement Network (“FinCEN”). The advisory can be accessed at: https://www.fincen.gov/resources/advisories/fincen-advisory-fin-2017-a006.

As many Cayman Islands bank licensees utilize U.S. Financial Institutions for correspondent banking services the Authority is bringing the advisory to your attention, such that you can be guided accordingly.