As a Public Authority, the AMLU complies with the Freedom of Information Law, 2007.
The Anti-Money Laundering Unit (AMLU) was established in 2014 out of the need for greater AML/CFT cooperation and coordination among relevant competent authorities at the operational level. The Unit is the secretariat for the Anti-Money Laundering Steering Group (AMLSG), which is the AML/CFT policy-making body for the Cayman Islands; and also chairs the Inter-Agency Coordination Committee (IACC).
The Anti-Money Laundering Steering Group (AMLSG) is the governing body responsible for the general oversight of AML/CFT policy in the Cayman Islands, as stated in section 5(2)(a) of the Proceeds of Crime Law (2016 Revision). It is also responsible for the general administration of the Financial Reporting Authority (FRA), for promoting effective collaboration between regulators and law enforcement agencies, and for monitoring interaction and co-operation with overseas financial intelligence units.
The Inter-Agency Coordination Committee (IACC) is the body responsible, at the operational level, for
The Financial Action Task Force (FATF) is an inter-governmental body established originally in 1989 by the Ministers of G7. The objectives of the FATF are to set international standards (FATF 40 Recommendations or Recommendations) and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction.
The Caribbean Financial Action Task Force (CFATF) is an FATF-styled regional body, comprising of twenty-seven States in the Caribbean Basin, Central and South America who have agreed to implement common countermeasures to address the problem of Money Laundering, Terrorist Financing and the Financing of the Proliferation of Weapons of Mass Destruction.
Find Press Releases, Messages, Speeches and Announcements