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International Monetary Fund
This paper focuses on observance of standards and codes on the Financial Action Task Force (FATF) recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) for the Cayman Islands. The assessment reveals that the Cayman Islands’s legal framework for combating money laundering and terrorism financing is comprehensive. All designated categories of offences enumerated in the FATF 40 Recommendations are predicate offences under the Cayman law. The criminalization of FT is in accordance with FATF requirements. The confiscation regime meets most standards and is effective.
International Monetary Fund

Regulation, supervision, monitoring, and sanctions R. 24 – LC R. 25 – LC It is recommended that the authorities in Cayman Islands implement a monitoring program to ensure that real estate agents, brokers, dealers in precious metals and precious stones and lawyers when dealing with real estate transactions comply with AML/CFT measures. Other designated non-financial businesses and professions R. 20 – C 4. Legal Persons and Arrangements & Nonprofit Organizations Legal Persons–Access to beneficial ownership and control