From left: Cayman Islands officials Francis Arana, head of the Anti-Money Laundering Unit, Attorney General Samuel Bulgin and Financial Services and Commerce Minister André Ebanks addressed the FATF Plenary in France.
Cayman Islands officials on Monday pleaded their case in France for the territory to be removed from a 'grey list' of countries under increased scrutiny for failing to do enough to fight money laundering and terrorism financing.
The Cayman Islands addressed the Financial Action Task Force (FATF) Plenary as part of the process for being removed from the FATF's list of jurisdictions being monitored for anti-money laundering and countering the financing of terrorism deficiencies.
Prior to the plenary, a Ministry of Financial Services delegation discussed anti money laundering, tax, beneficial ownership and other matters with EU stakeholders.
Cayman's Attorney General Samuel Bulgin, KC, Financial Services and Commerce Minister André Ebanks, and Francis Arana, head of the Anti-Money Laundering Unit, are in Paris for the session.
FATF sets the global regulatory standard for anti-money laundering and terrorist financing (AML), and it also monitors countries for their compliance with this standard.
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