Elisabeth recently provided updates to Cayman News Service in relation tighter AML rules for lawyers. Elisabeth advised that the new measures are “to ensure that bad actors are detected and prevented and held accountable for breaches.” Lawyers conducting relevant financial business act as ‘gatekeepers’ at the time of onboarding clients and during ongoing monitoring and must comply with the Anti-Money Laundering Regulations (2025 Revision) in terms of conducting customer due diligence, conducting client risk assessments, conducting periodic reviews and ensuring that all AML, CTF, CPF and targeted financial sanctions evasion measures are complied with.”
For more information please visit :- https://caymannewsservice.com/2025/09/new-authority-tightens-aml-regime-for-lawyers-in-finance/
