Cayman Islands on Money Laundering

The Cayman Islands is a popular domicile for globally managed private equity, hedge and hybrid funds due to its tax neutral status, its flexible structuring options and its established and experienced financial services...

Conducting an independent AML audit at a frequency based on the nature, scale and complexity of the entity is a requirement under the AML Regulations.

The Ministry of Financial Services & Commerce has confirmed that although the BOT Act is now in force, enforcement under the new regime will not commence until early next year.