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.
The Council of the EU officially adopted the FASTER Directive on 10 December 2024. This is after re-consulting with the European Parliament concerning the agreement of the Council of the EU on the compromise
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How is it that Africa’s most sophisticated, if not always largest, economy is still battling to get off the Financial Action Task Force’s (FATF) grey list because of its failures to combat money