Role of CARA & The Cayman Islands
CILPA is appointed as the Anti-Money Laundering/Counter Terrorist Financing supervisor for firms of attorneys-at-law within the Cayman Islands pursuant to Section 4(9) of the Proceeds of Crime Law (2020 Revision) and Regulation 55B of the Anti-Money Laundering Regulations (2020 Revision). CILPA delegated this supervision function to its operationally independent regulatory arm, CARA.
