GUIDANCE

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Law And Guidance Notes

This the latest consolidated Anti-Money Laundering Regulations (2020 Revision) which apply to all designated Non-financial Businesses and Professions. Please note amendments have been made to the consolidated regulations and these are accessible on https://amlu.gov.ky/resources/

Updated Guidance Notes on AML. This Guidance applies to firms of attorneys at law regulated by CARA. The Guidance is also intended to assist legal professionals more generally in respect of their wider obligations relating to terrorism financing, proliferation financing, reporting suspicious activity and targeted financial sanctions.

Training and Outreach

Please find here links to training and outreach sessions:

COVID-19 & AML Advisory Note

AML Risk Assesment for Attorneys

National Risk Assessment Outreach

CILPA Legal Sector
Risks

AML/CFT National Coordination

Sanctions for
Attorneys

National Coordination CILPA Presentation

SARs Outreach Presentation by the FRA

Sanctions Presentation by the Sanctions Coordinator

Assessing ML/TF Risks for Attorneys by the AMLU

Supervision of Attorneys Presentation

Essential Reading

Here are other useful links:

Notice to Supervised Firms – Sanctions Notifications

FATF Public Statements – October 2021

FATF COVID-19 Guidance

UK Financial Sanctions Guidance

Cayman Islands National AML CFT Strategy

Summary Results of the 2015 National Risk Assessment relating to ML/TF and PF