The Cayman Islands Compliance Association (CICA) has been in existence since October 2000 as a not for profit organization.

CICA seeks to raise the level of compliance in the financial services industry and provides members with the information to assist with the implementation and maintenance of effective compliance and anti-money laundering programmes; and provides a forum for discussion of new legislation or required best practice relevant to the Cayman Islands financial services industry.

The formal objectives of CICA are to:

• Provide members with the information to assist with the implementation and maintenance of effective compliance and anti-money laundering programmes in their respective financial services organisation.
• Provide an open forum for sharing information and training.Identify common practices in the financial services industry and seek to raise the level of compliance in the financial services industry.
• Provide a forum for discussion of new legislation or required best practice relevant to the Cayman Islands financial services industry.Offer information on compliance and anti-money laundering issues.
• Provide an interface between senior management of member financial services organisations and regulators and law enforcement agencies.