Anti-MoneyLaunderingRegulations2025Revision,LG6,S1_1738770781.pdf

Here are the key points summarized:

Anti-Money Laundering Regulations (2025 Revision)

• This document is a revised version of the Anti-Money Laundering Regulations, effective January 21, 2025.
• The regulations aim to prevent money laundering and terrorist financing in the Cayman Islands.

Key Changes

• Updates to definitions of "beneficial owner" and "international organization"
• New requirements for reporting suspicious transactions
• Amendments to rules on customer due diligence and ongoing monitoring

Publication History

• The document was published in consolidated form, authorized by the Cabinet.
• It replaces previous versions of the Anti-Money Laundering Regulations.

Legislation History

• The regulations have undergone several amendments since 2017, with the most recent being the 2024 revision.

Please note that this summary is not a comprehensive review of the entire document. If you need more detailed information, I recommend consulting the original text or seeking legal advice.