The Cayman Islands Monetary Authority has started to publish its latest anti-money laundering surveys for entities that they regulate (not including investment funds). The surveys will be issued in stages and the first have just been sent to financial service providers (FSPs) that carry out securities investment business or virtual asset services business. The surveys are accompanied by guidance on their completion and submission. The guides can be found here.

The surveys are issued in accordance with CIMA’s powers under the Monetary Authority Act and form part of CIMA’s risk-based approach to AML supervision of FSPs. The information gathered is used to aid CIMA’s periodic sectoral money laundering/terrorist financing/proliferation financing risk assessments.

FSPs in these two sectors will have already received an invitation by email from CIMA to complete the survey by 7 October.

If you need help to complete these surveys please contact a member of our Regulatory team.