On 15 November, FATF published a report from FATF-style regional body CFATF and said that the Cayman Islands has addressed most of the requirements of the revised Recommendation 15 (new technologies), and has been re-rated from Partially Compliant to Largely Compliant.  As a result, no FATF Recommendations are now rated as NC/PC.  However, the Cayman Islands will remain in enhanced follow-up on the basis that it had a low or moderate level of effectiveness for 7 or more of the 11 effectiveness outcomes (IO) – follow-up reports do not address effectiveness ratings.  According to the enhanced follow-up process, Cayman Islands will continue to report back to the CFATF on progress to strengthen its implementation of AML/CFT measures.  The original mutual evaluation report was in 2019.

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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