AML & Financial Crime
Common weaknesses in entity-wide risk assessments
A risk assessment that never changes its conclusions is usually being maintained rather than used. Six weaknesses that recur across reviews.
Read moreInsights & Resources
Practical perspectives, useful resources and selected industry information for the people navigating regulatory compliance in the Cayman Islands.
We focus on what regulatory developments mean in practice, the issues we see recurring and the resources worth knowing about.
Insights
Practical regulatory insights
Clear perspectives on regulatory developments, recurring compliance issues and what they mean in practice.
Audit
What an independent AML audit actually tests
The gap between a documented compliance framework and day-to-day practice is where most audit findings originate. Here is what testing tends to look for.
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Regulatory resources
Where to find the source
Direct access to regulatory authorities, legislation, guidance and industry resources relevant to regulated entities in the Cayman Islands.
Regulators & government
- Cayman Islands Monetary Authority
- Department for International Tax Cooperation(link to be confirmed)
- Department of Commerce & Investment(link to be confirmed)
- Cayman Islands Government(link to be confirmed)
- Financial Reporting Authority(link to be confirmed)
Legislation & regulatory resources
- Cayman Islands legislation(link to be confirmed)
- CIMA rules and regulatory measures(link to be confirmed)
- AML Regulations and Guidance Notes(link to be confirmed)
- Sanctions resources(link to be confirmed)
Professional & industry bodies
- Cayman Islands Compliance Association
- Cayman Finance(link to be confirmed)
- Cayman Islands Bankers Association(link to be confirmed)
- Cayman Islands Directors Association(link to be confirmed)
- Cayman Islands Institute of Professional Accountants(link to be confirmed)
- ACAMS(link to be confirmed)
External resources are provided for convenience only. Open Palm Consulting does not control third party content and does not guarantee that external information is complete or current.
Industry events
Worth putting in the diary
Selected conferences, seminars and industry events relevant to Cayman Islands financial services and regulatory compliance.
Looking for the full calendar?
Cayman Finance maintains a comprehensive listing of industry events across Cayman Islands financial services.
Cayman Finance events calendar(link to be confirmed)
Let's talk compliance
Tell us what you are dealing with and we will help you work through what needs attention and what makes sense from there.