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Industry Updates

Cayman Islands Anti-Money Laundering Surveys for Financial Service Providers

05 Jun 2023

The Cayman Islands Monetary Authority (the "Authority") is circulating its annual AML surveys in accordance with its duties under the Monetary Authority Act (As Revised) to conduct sectoral money laundering ("ML") / terrorist financing ("TF") / proliferation financing ("PF") and sanctions risk assessments and to ensure a risk-based approach to anti-money laundering ("AML") / counter financing of terrorism ("CFT") supervision of regulated financial service providers ("FSPs") in the Cayman Islands. 


The AML surveys assist the Authority in the exercise of its functions, including the collection of AML / CFT / CPF and sanctions data from FSPs.


FSPs in each regulated sector (other than mutual funds and private funds) are required to complete the AML survey specific to that sector within the time period stipulated in the table below.


The Authority has distributed the AML surveys to the designated AML Compliance Officer ("AMLCO"), ML Reporting Officer ("MLRO"), registered office and 'principal contacts' of all such regulated FSPs in accordance with the Authority's records.  The AML surveys can only be completed online by a relevant recipient accessing the link contained in the Authority's email.  The majority of the questions are business-specific and / or factual.  Accordingly, the AML surveys need to be completed primarily by, or with the input of, the appointed AMLCO for the FSP.

Relevant Sector

Survey Issue Date

Survey Due Date

Securities: Full, Restricted, and Registered Persons

1 June 2023

31 July 2023

Virtual Asset Service Providers (completed)

1 March 2023

30 April 2023

Insurance RFB Self Declaration: Class A, Class B, Class C, Agents, and Brokers

1 August 2023

30 September 2023

Fiduciary: Trust, Company Manager, Corporate Service Providers

1 June 2023

31 July 2023

Banking: Class A, Class B, Building Societies, Credit Union, Development Bank and Money Services Businesses

1 May 2023

30 June 2023

Investments: Mutual Fund Administrators

1 June 2023

31 July 2023

The Authority has additionally published guidance for completing the AML surveys.


If you have not received access to your FSP's AML survey, you should contact the Authority.


If you require additional help to complete these AML surveys, please contact a member of our Regulatory team.

1 Access the AML survey at: https://amlsurvey.cimaconnect.com 

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Regulatory & Financial Services Advisory 

Our global team of regulatory lawyers provides expert legal advice to BVI, Cayman Islands, Irish, Jersey and Luxembourg entities regarding AML and CTF compliance including development and assessment of AML / CTF and risk management systems, KYC and customer due diligence best practices, conduct of money laundering and fraud proceedings and provision of expert evidence on AML / CTF and regulatory obligations. 

Anti-Money Laundering Services

Increased regulatory focus and the implementation of aggressive international sanctions makes AML compliance more important then ever before. We bring unrivalled experience to offer a risk based, cost effective solution that can be tailored to individual requirements.