The updated AML/CTF regime includes the Proceeds of Crime Law, as amended, (2017 Revision) (POCL), the Anti-Money Laundering Regulations, 2017, as amended, (AML Regulations), the Terrorism Law (2017 Revision), as amended, and the Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands dated December 2017 (Guidance Notes). The Guidance Notes provide practical guidelines that represent best practice for the development of AML/CTF procedures in line with international standards.

Click below to read about key changes in the legislation. Feel free to get in touch with your usual Appleby contact for further information.

 

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