They discussed what a Mutual Evaluation consists of, the timeline for the Cayman Islands Fifth Round Mutual Evaluation with its onsite inspection taking place in December 2027 and what the Assessment Team will be looking for. The conversation includes a discussion of the many agencies involved including the Supervisors (CIMA, DCI, CIIPA and the LSSA) and the FRA, law enforcement and the DPP as well as the Sanctions Coordinator, the Registrar of Companies and the various committees involved. They talked about work undertaken by the Cayman Islands including a risk based approach to inspections, the beneficial ownership regime and the Defence Against Money Laundering Regime.
The consequences of the Mutual Evaluation and the previous grey listing of the Cayman Islands were also discussed.
The session breaks down into easy to understand segments what is involved in the Mutual Evaluation Process and while it is so important to government, industry and to the Cayman Islands as a whole.
To view the interview, please visit: Beyond the Grey List: Cayman’s Next Test – Compass TV
