CIMA Notice – AML Survey

In a notice on 19 August 2022 (the "Notice"), the Cayman Islands Monetary Authority (“CIMA”) advised financial service providers that it will soon be conducting one of its periodic anti-money laundering surveys. CIMA has created a new single form, the AML Survey. This new form will combine the AML Inherent Risk, the AML Risk Controls and the Cash Flow Return forms. CIMA regulated entities in the sectors listed below should note the survey issue and due date applicable to their sector.

The AML Survey and related guidance notes will be available in advance of the below upcoming survey dates. For further details, please refer to the Notice.

Sector

Survey Issue Date

Survey Due Date

Securities: Full, Restricted, and Registered Persons

12 September 2022

7 October 2022

Virtual Asset Service Providers

12 September 2022

7 October 2022

Insurance RFB Self Declaration: Class A, Class B, Class C, Agents, and Brokers

19 September 2022

30 September 2022

Fiduciary: Trust, Company Manager, Corporate Service Providers

19 September 2022

14 October 2022

Banking: Class A, Class B, Building Societies, Credit Union, Development Bank and Money Services Businesses

26 September 2022

21 October 2022

Investments: Mutual Fund Administrators

26 September 2022

21 October 2022

 
CIMA issues the AML Survey to assist it in the exercise of its functions, including the collection of data in relation to prevention of money laundering, terrorist financing, proliferation financing and sanctions data in order to conduct sectoral risk assessments and other related research for the Cayman Islands.


BRITISH VIRGIN ISLANDS
Lucy FrewPartnerT +1 345 814 4676lucy.frew@walkersglobal.com

CAYMAN ISLANDS
Lucy FrewPartnerT +1 345 814 4676lucy.frew@walkersglobal.com
Dorothy ScottManaging DirectorT +1 345 914 4202dorothy.scott@walkersglobal.com

DUBAI
Daniel WoodManaging PartnerT +971 4 363 7912daniel.wood@walkersglobal.com

HONG KONG
Colm DawsonPartnerT +852 2596 3357colm.dawson@walkersglobal.com

LONDON
Sara HallPartnerT +44 (0)20 7220 4975sara.hall@walkersglobal.com

SINGAPORE
Laura RogersPartnerT +65 6595 4675laura.rogers@walkersglobal.com

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