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Cayman Islands Lands on FATF’s Gray List
The Cayman Islands Monetary Authority issued an administrative fine of C$14,232,607.50 against the Grand Cayman, Cayman Islands-based company for violations of sections 42A and 42B of the Anti-Money Laundering Regulations (2020 Revision).
The Cayman Islands Monetary Authority issued an administrative fine of CI$72,800 against the Grand Cayman, Cayman Islands-based company for breaches of the Anti-Money Laundering Regulations (2020, as amended).
| Technical | Effectiveness |
|---|---|
| Compliant : 22 | High : 0 |
| Largely Compliant : 17 | Substantial : 0 |
| Partially Compliant : 1 | Moderate : 6 |
| Non-Compliant : 0 | Low : 5 |
The Cayman Islands' technical compliance was re-rated in a Feb. 19, 2021 follow-up report.
| Rank : 6/141 |
| Score : 7.64/10 |
| Rank : N/A |
| Score : N/A |
| Rank : 1/133 |
| Score : 76/100 |