Financial Action Task Force (FATF) Public Statements

FATF periodically issues public statements on jurisdictions with strategic deficiencies in their AML/CFT/CPF regimes. These statements identify jurisdictions that may pose a risk to the international financial system.

Firms of attorneys-at-law conducting relevant financial services business in or from within the Cayman Islands are strongly advised to regularly review the FATF’s Public Statements and stay informed about any updates. It is a regulatory expectation that firms of attorneys-at-law apply appropriate risk-based measures, including enhanced due diligence and, where necessary, countermeasures when dealing with persons, entities, or transactions involving countries listed in the FATF’s statements.

The latest FATF Public Statements can be accessed below: