8 February 2024NewsCayman analysis

EU takes Cayman Islands off AML list

The Ministry of Financial Services in the Cayman Islands has announced that as of 7 February, the EU has officially removed the Cayman Islands from its list of high-risk third countries with anti-money laundering, countering the financing of terrorism and counter proliferation financing (AML/CFT/CPF) deficiencies.

The EU Commission removed the Cayman Islands from its AML list following the publication of its Delegated Act. 

Cayman’s delisting from the EU AML list was in line with previous EU protocol, the Ministry pointed out.