AML/CFT Guidance

The  Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands provide general guidance to financial services providers on the prevention and detection of money laundering, terrorist financing and proliferation financing in the Cayman Islands. They also aim to provide transparency and consistency in the interpretation and application of the Anti-Money Laundering Regulations (AMLRs), as well as practical guidelines that represent best practice for the development of AML procedures in line with international standards.

The Guidance Notes should be read in conjunction with the regulatory laws and more importantly, with the legislation pertaining to the AML/CFT framework of the Cayman Islands. Any non-compliance of the Guidance Notes will be taken into account by the Courts in determining whether a person has breached the relevant provisions of the Proceeds of Crime Act or the AMLRs, and by the Cayman Islands Monetary Authority in determining whether to exercise any of its enforcement powers.

Supplemental amendments include:  

Guidance Notes (Amendment) - Securitization - May 2021View

Guidance Notes (Amendment) - Virtual Asset Service Providers - February 2021View

Guidance Notes (Amendment) - Targeted Financial Sanctions - February 2020View

Guidance Notes (Amendment) - Ongoing Monitoring - February 2020View

Guidance Notes (Amendment) - Virtual Asset Service Providers - February 2020View

Guidance Notes (Amendment) - Assessing Risks and Applying a Risk-based Approach - February 2020View

Guidance Notes (Amendment) - February 2020View