The Cayman Islands Monetary Authority has issued a private sector consultation survey, on behalf of the Ministry of Financial Services and Commerce and in collaboration with the International Monetary Fund, to support the Cayman Islands’ Legal Persons and Legal Arrangements money laundering and terrorist financing risk assessment. The survey seeks input on factors that could make the jurisdiction vulnerable to ML and TF through legal persons and legal arrangements, and on the effectiveness of existing mitigation measures, in line with Financial Action Task Force Recommendations 24 and 25. The survey is aimed primarily at senior AML/CFT compliance officers or similar roles within financial institutions, trust and company service providers, and law firms that interact with legal persons and legal arrangements. Responses will be anonymous and confidential, with results analysed only in aggregate, and used to inform the national LPA risk assessment and strengthen the Cayman Islands’ AML/CFT framework. CIMA is distributing the survey link to relevant entities from 17 October 2025, with submissions due by 31 October 2025 at 5:00PM.
Cayman Islands Monetary Authority 2025-10-17
Cayman Islands Monetary Authority launches private sector survey to inform legal persons and arrangements ML and TF risk assessment
The Cayman Islands Monetary Authority, with the Ministry of Financial Services and Commerce and the International Monetary Fund, has launched a survey to assess money laundering and terrorist financing risks linked to legal persons and arrangements. It targets senior AML/CFT compliance officers for input on vulnerabilities and mitigation measures, aligning with Financial Action Task Force Recommendations 24 and 25. Results will inform the national risk assessment and enhance the Cayman Islands’ AML/CFT framework.