Worldwide:
EU AML Delisting Process Commenced; Cayman Removed From UK High Risk List
19 December 2023
Stuarts Humphries
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The EU Commission has published a delegated regulation this month regarding the
removal of the Cayman Islands from its AML list. This document
marks the first official step toward Cayman's delisting from
the EU AML list. The Deputy Premier and Minister for Financial
Services and Commerce in the Cayman Island stated:
"As a result of our FATF delisting, we expected the
Cayman Islands to be removed from the UK high risk list (in
addition to reduced ratings in other countries). I'm therefore
grateful that following discussions with Her Excellency, Governor
Jane Owen and other relevant UK Government officials, Cayman has
been removed".
The release from the Ministry of Financial Services of the
Cayman Islands can be read here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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