Cayman Representatives Attend CFATF Meeting

Attorney General Honourable Samuel Bulgin along with other representatives from the Cayman Islands Government are attending the 60th Plenary Meeting of the Caribbean Financial Action Task Force (CFATF) being held in Trinidad and Tobago, from May 25 to 30.

The delegation includes members from the Ministry of Financial Services, Anti-Money Laundering Unit, Financial Reporting Authority, General Registry and the Cayman Islands Monetary Authority.

The event has brought together Caribbean Financial Action Task Force member states and international partners to strengthen regional cooperation in the fight against money laundering, terrorist financing, and the proliferation of weapons of mass destruction.

A key highlight of the plenary was the presentation of the Cayman Islands’ sixth and final follow-up report. Since adopting its Fourth Round Mutual Evaluation Report in 2018, the country has made remarkable strides in enhancing its anti-money laundering and counter-terrorist financing framework (AML/CFT). All technical compliance deficiencies identified by the CFATF have now been addressed, with the Cayman Islands achieving ratings of compliant or largely compliant on all 40 financial action task force recommendations, a distinction held by only a select few jurisdictions worldwide.

In relation to the ratings, Attorney General Bulgin commented, “These achievements result from a collaborative, whole-of-government approach and underscore the Cayman Islands’ position as a regional leader in AML/CFT compliance.”

During the plenary, CFATF members paid tribute and extend heartfelt condolences to the Cayman Islands on the recent passing of Judiann Myles, Head of the Anti-Money Laundering Division at Cayman Islands Monetary Authority and Co-Chair of the FATF’s Joint Group of the Americas. She was remembered as a visionary leader, policy expert, and mentor whose dedication and expertise played a pivotal role in advancing AML/CFT efforts both in the Cayman Islands and across the region. It was stated that her legacy will continue to inspire all those committed to safeguarding the integrity of the financial system.

In accepting the tribute, Attorney General Bulgin remarked, “Mrs. Myles’s passing is an unspeakable tragedy that has created a void in our regulatory and financial services community that will not be easy to fill. Her unwavering dedication, professionalism, and expertise were instrumental in advancing the Cayman Islands’ and the region’s fight against money laundering and the financing of terrorism.”

As Cayman prepares for the Fifth Round of Mutual Evaluations by the FATF, anticipated to commence in March 2026, the jurisdiction remains steadfast in its commitment to continuous improvement, regional and international cooperation, and upholding the highest global standards in the fight against financial crime.