FATF Public Statements – March 2022

Persons conducting relevant financial services business in or from within the Cayman Islands are advised to take note of the FATF’s updated Public Statement on jurisdictions with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies, and to apply enhanced due diligence and/or countermeasures, as appropriate.

In March 2022, FATF produced their latest public document on “High-Risk Jurisdictions subject to a Call for Action” concerning jurisdictions with deficient AML/CFT regimes and which are subject to a call for counter measures and enhanced due diligence proportionate to the risks surrounding the jurisdiction. Link below:

https://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/call-for-action-march-2022.html

The FATF also produced a public document entitled “Jurisdictions under Increased Monitoring”, please click on the link below:

https://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-march-2022.html