On 6 June 2019, the Cayman Islands Monetary Authority (CIMA) issued a notice on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) reporting. In line with international standards for combating money laundering, terrorist financing, proliferation financing and other related threats to the integrity of the international financial system, CIMA continues to improve the processes to promote the effective implementation of AML/CFT related measures by persons registered under the SIBL (SIBL registrants).
One of these enhancements is the introduction of AML/CFT reporting forms for completion by SIBL registrants. These reporting forms will be available on the Regulatory Enhanced Electronic Forms Submission (REEFS) platform shortly and are to be filed by every SIBL registrant, via its registered office, on or before 31 July 2019.
The guidance notes for the completion of the AML/CFT reporting forms will be available on the REEFS platform.
The notice can be found here.