Topic: Financial Action Task Force grey list

Following its removal from the global Financial Action Task Force anti-money-laundering list in October, the UK has removed the Cayman Islands from its list of high risk jurisdictions and the European Union is in the process of doing so.

Coming off the ‘grey list’ was a critical step that will help safeguard the Cayman Islands government’s ability to fund the running of the jurisdiction and meet the needs of its people, according to Financial Services Minister André Ebanks.

Financial Services Minister André Ebanks is in Paris, France, this week to find out first hand if Cayman's efforts to combat money laundering have been enough to get itself removed from the Financial Action Task Force grey list.