Launch of LPA Risk Assessment Private Sector Consultation Survey

The Cayman Islands Monetary Authority (“CIMA” or the “Authority”) is circulating a survey on behalf of the Ministry of Financial Services and Commerce (“the Ministry”), in collaboration with the International Monetary Fund (“IMF”). The purpose of this survey is to collect valuable input from the private sector to support the Cayman Islands’ Legal Persons and Legal Arrangements (LPA) Money Laundering (ML) and Terrorist Financing (TF) Risk Assessment.

Private sector participation is essential to ensure that the assessment accurately reflects the full spectrum of risks and practices present in the Cayman Islands, in line with the Financial Action Task Force (FATF) Recommendations 24 and 25. The survey seeks feedback on the factors that may make the jurisdiction vulnerable to ML and TF through legal persons and legal arrangements, as well as the effectiveness of measures currently in place to mitigate these risks.

The survey is primarily intended for senior AML/CFT compliance officers or similar roles within financial institutions, trust and company service providers (TCSPs), and law firms that interact with legal persons and legal arrangements.

All responses will remain anonymous and confidential, and the data collected will be analysed in aggregate form only. The information provided will be used to inform the national LPA risk assessment and strengthen the Cayman Islands’ overall AML/CFT framework.

Survey Distribution and Submission Deadline

The survey will be distributed by the Authority on 17 October 2025 with a link sent to all relevant entities from LPA_Survey@cima.ky.

The deadline for survey submissions is 31 October 2025 at 5:00PM.

Your participation is vital in ensuring the accuracy and integrity of this important national assessment. The Authority appreciates your cooperation and timely response to this request.