Cayman Islands [electronic resource] : Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism.

International Monetary Fund
Washington, D.C. : International Monetary Fund, 2009.
IMF eLibrary
IMF Staff Country Reports; Country Report No. 09/324.
IMF Staff Country Reports; Country Report No. 09/324
Government document
1 online resource (17 p.)
Local subjects:
Account files.
Adequate powers.
Adequate safeguards.
Administrative sanctions.
Assessment methodology.
Asset forfeiture fund.
Audit function.
Bank supervision.
Banking relationships.
Beneficial ownership.
Business relationships.
Civil forfeiture.
Combating money.
Combating money laundering.
Combating the financing of terrorism.
Competent authorities.
Compliance officer.
Control information.
Criminal investigations.
Criminal liability.
Criminal matters.
Criminal nature.
Criminal sanctions.
Customer identification.
Customer identification data.
Domestic law.
Domestic legislation.
Dual criminality.
Due diligence.
Enforcement authorities.
Extradition requests.
Face to face business.
Financial crime.
Financial crimes.
Financial institutions.
Financial intelligence unit.
Financial sector.
Financial service providers.
Financing abuse.
Financing of terrorism.
Foreign branches.
Identification data.
Internal audit.
Internal controls.
International cooperation.
International law.
Investigative techniques.
Judicial authorities.
Judicial authorization.
Law enforcement.
Law enforcement agencies.
Law enforcement authorities.
Legal arrangements.
Legal assistance.
Legal obligations.
Monetary authorities.
Monetary instruments.
Money laundering.
Money laundering regulations.
Mutual evaluation.
Nonbank financial sector.
Penal code.
Precious metals.
Precious stones.
Predicate offences.
Reporting obligations.
Reporting requirements.
Reports on the Observance of Standards and Codes.
Risk scenarios.
Share information.
Shell banks.
Supervisory approach.
Supervisory authority.
Supervisory regime.
Suspicious activity.
Suspicious activity reports.
Suspicious transaction.
Suspicious transaction reporting.
Suspicious transaction reports.
Suspicious transactions.
Terrorism financing.
Terrorism offences.
Terrorist financing.
Terrorist support.
Transaction reporting.
Transaction reports.
Trust service providers.
Value transfer.
Wire transfer.
Cayman Islands.
This paper focuses on observance of standards and codes on the Financial Action Task Force (FATF) recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) for the Cayman Islands. The assessment reveals that the Cayman Islands’s legal framework for combating money laundering and terrorism financing is comprehensive. All designated categories of offences enumerated in the FATF 40 Recommendations are predicate offences under the Cayman law. The criminalization of FT is in accordance with FATF requirements. The confiscation regime meets most standards and is effective.
Description based on print version record.
International Monetary Fund
Other format:
Print Version:
Publisher Number:
Access Restriction:
Restricted for use by site license.
Location Notes Your Loan Policy
Description Status Barcode Your Loan Policy