Here at Paradigm Governance Partners, we are pleased to announce that the Cayman Islands has been officially removed from the EU Commission’s Anti-Money Laundering (AML) list, effective today, February 7, 2024.
This move solidifies the Cayman Islands reputation as a secure destination for fiduciary services and has been welcomed by the Cayman Government and wider business community – including all here at Paradigm.
The removal is a testament to the Cayman Islands’ unwavering commitment to robust financial governance and compliance. It follows Cayman’s removal from the Financial Action Task Force AML list in October 2023, and the UK Government’s removal from its list of high-risk third countries for AML/CFT/CPF purposes on December 5 last year.
As a licensed fiduciary services company based in the jurisdiction, we are pleased to align ourselves with the highest standards of fiduciary responsibility, and we extend our appreciation to the regulatory bodies and industry stakeholders for their collaborative efforts in achieving this milestone.
At Paradigm Governance Partners, we remain steadfast in our dedication to providing clients with excellence in fiduciary services. Our commitment to stringent governance practices positions us as a trusted partner for businesses seeking the highest standards of financial stewardship.
We express our gratitude to our clients and partners for their continued trust and support. For more information about our services, click here.