February 2021 updates to the AML/CFT Handbook appendices

We have published updated versions of Appendices B, D1 and D2 of the AML/CFT Handbook, to take into account the latest Financial Action Task Force (FATF) statements.

Countries and territories listed under Sources 1 and 2 of Appendix D2 should be treated as not compliant with FATF Recommendations for the purpose of Article 17A of the Money Laundering Order.

These requirements are effective immediately.

You will also need to take particular care when considering placing reliance on an obliged person based in one of these countries and territories.

Whenever we update these handbook appendices, you should review your policies and procedures, as well as your existing customer relationships, to assess the impact on your business. You should discuss any concerns with your supervisor.

For this most recent update, we are asking businesses with connections to the Cayman Islands to provide their supervisor with their proposed plan of action and timescales for completion by the end of March.

Our response is in line with other Crown Dependencies.

You can view the updated appendices by visiting the AML/CFT Handbook page of our website.