Welcome to Financial Reporting Authority (CAYFIN) of the Cayman Islands

 

The FRA is the Cayman Islands’ Financial Intelligence Unit (FIU) with responsibility for receiving, requesting, analysing and disseminating financial information disclosures concerning the proceeds of criminal conduct, money laundering and the financing of terrorism, or suspicions of any of those crimes, pursuant to the provisions of the Proceeds of Crime Law (2017 Revision) (PCL).

 

The mission of the FRA is to serve the Cayman Islands by participating in the international effort to deter and counter money laundering and the financing of terrorism.

 
Our primary objective is to provide timely and high quality financial intelligence to local law enforcement agencies, competent authorities, and overseas financial intelligence units, with the consent of the Hon. Attorney General, in keeping with the statutory requirements of the PCL. Financial intelligence is the end product of analyzing one or several related reports that the FRA is mandated to receive from financial services providers and other reporting entities. Our ability to link seemingly unrelated transactions allows us to make unique intelligence contributions to the investigation of money laundering and terrorist financing activities.

  

We are under the guidance of the Anti-Money Laundering Steering Group (AMLSG), which consists of the Hon. Attorney General (Chair), the Chief Officer in the Ministry responsible for Financial Services (Deputy Chair), the Commissioner of Police, the Collector of Customs, the Managing Director of the Cayman Islands Monetary Authority (CIMA), the Solicitor General and the Chief Officer of the department in government responsible for monitoring compliance with the Anti-Money Laundering Regulations in relation to persons carrying on relevant financial business who are not otherwise supervised by CIMA.

 

The AMLSG has responsibility for oversight of the anti-money laundering policy of the Government and it determines the general administration of the business of the FRA. It also reviews the annual reports submitted by the Director, promotes effective collaboration between regulators and law enforcement agencies and monitors our interaction and co-operation with overseas financial intelligence units (FIUs).