The Cayman Islands has launched its 2025-2026 National Risk Assessment, a two-year review aimed at strengthening the territory’s defences against money laundering, terrorist financing, and proliferation financing.
The Ministry of Financial Servcies said the assessment will also help prepare the jurisdiction for the Caribbean Financial Action Task Force’s fifth mutual evaluation, scheduled for December 2027. The internationally recognised process is designed to identify vulnerabilities and guide risk-based policies for financial services and government oversight.
Premier and Minister for Financial Services and Commerce André Ebanks said the initiative is central to safeguarding the islands’ financial system and global reputation. “It also reflects Cayman’s continuing commitment to combating financial crime. By taking a rigorous, transparent, and inclusive approach, we are demonstrating our responsibility as a trusted global financial services centre of excellence and innovation,” he added in a press release.
The review is being coordinated by the Office for Strategic Action on Illicit Finance with input from regulators, law enforcement, and private-sector stakeholders. Initial meetings this week focused on methodology and sector-specific risk evaluations.
Andrea Proctor, director of OSAIF, said the findings will provide an evidence base for shaping policy. “It brings together government, regulators, law enforcement partners, and industry to identify threats and vulnerabilities so that we can respond decisively,” she said.
The risk assessment will continue through 2026, with results and recommendations to be published once the work is complete. The ministry said updates will be shared with stakeholders during the process.
