The Cayman Islands’ standing as a premier offshore financial centre depends on staying ahead of evolving financial-crime expectations, whether they be from global standards set by the Financial Action Task Force (“FATF”) to local oversight by the regulatory bodies such as the Cayman Islands Monetary Authority (“CIMA”), Cayman Islands Institute of Professional Accountants and Legal Services Supervisory Authority. Recent FATF and Caribbean FATF evaluations underscore the importance of robust, risk-based frameworks for anti-money laundering, customer due diligence and sanctions compliance. At the same time, firms must continue to deliver seamless client service and cost efficiencies without compromising controls
New CIMA Rules - Effective September 18, 2026
The Cayman Islands Monetary Authority (the “Authority” or “CIMA”) has issued two new rules coming into force September 18, 2026 for Regulated Entities. Download the report to learn more.
How we support you
KPMG in the Cayman Islands can partner with you every step of the way; starting with programme design and policy development, through implementation, monitoring and testing, and on to review, remediation and transformation. We help you translate CFATF recommendations into practical processes that safeguard your reputation and uphold the Cayman Islands high-value status.
Leveraging KPMG's proven methodologies, regulatory insight and AI-enabled capabilities, our multidisciplinary team combines this with global best practices. Whether you need a gap assessment ahead of your next inspection or CFATF money valuation review, a comprehensive control and governance assessment, or targeted remediation support, we deliver solutions that reinforce your resilience and preserve the Cayman Islands competitive edge. With KPMG’s proven methodology which leverages AI enabled capabilities, you’ll be ready not only to meet today’s challenges but also to capitalise on opportunities in an increasingly regulated world.
Services for regulators
We support regulators with a comprehensive range of governance, risk, compliance, and supervisory services designed to strengthen regulatory frameworks, enhance oversight, and support effective supervision. Our teams work alongside regulatory authorities to design, implement, and review regulatory compliance programs, address financial crime risks, enhance internal audit and assurance functions, and deliver forensic and dispute support where required. Through practical, risk‑based solutions and deep regulatory experience, we help regulators respond to evolving standards, emerging risks, and increasing expectations with confidence.
Aligning governance, risk and compliance with strategic goals.
- Reviewing frameworks, policies, and procedures
- Conducting board and committee effectiveness reviews
- Assessing organisational culture
- Horizon scanning
Assisting clients to mitigate financial crime risks and to meet regulatory expectations.
- Designing and reviewing financial crime frameworks, policies, and procedures
- Conducting effectiveness assessments
- Providing remediation support
- Delivering training
In‑depth background checks on individuals or entities.
- Tiered EDD levels based on risk and information needs
- Use of global databases, registries, litigation records, and media sources
- Supplemented by public domain and confidential intelligence
Supporting the design, implementation and review of regulatory compliance frameworks that meet evolving requirements.
- Designing and reviewing policies and procedures
- Conducting regulatory readiness reviews
- Delivering compliance oversight and independent monitoring following on‑site inspections by regulators
Enhancing oversight and accountability through robust IA solutions.
- Outsourced internal audit
- Co‑sourced internal audit
- Secondment of experienced professionals
- Business process analysis
- Strategic performance reviews
Supporting clients through complex investigations, disputes, and regulatory challenges.
- Investigations into financial crime, corporate misconduct, regulatory breaches, and the circumstances of corporate failure
- Dispute advisory services, providing expert witness services, valuations, and loss quantification in the context of commercial disputes and litigation
Services for organizations
Organizations today face increasing regulatory expectations, evolving risk landscapes, and heightened scrutiny across governance, compliance, and financial crime. Addressing these challenges requires integrated, risk‑based services that strengthen oversight, protect value, and support confident decision‑making. Through a broad range of risk and regulatory consulting services, we work with private sector organizations to manage complexity, enhance compliance, mitigate financial and non‑financial risks, and support sustainable performance so leadership teams remain focused on strategic priorities and execution.
Whether it’s reviewing your existing Compliance programme, transforming it for the future, or dealing with regulatory inquiries and scrutiny, our team can help you.
We work with clients to identify, manage and mitigate their AML and Sanctions risk exposures in line with legislative requirements and industry leading best practice.
- Independent AML and sanctions audits and reviews
- Enterprise-wide business risk assessments (BRAs)
- Customer and product risk assessments
- Sanctions risk assessments and screening framework reviews
- Design and implementation of AML and sanctions programmes
- Development of policies, procedures and governance frameworks
- Remediation and programme enhancement support
- Regulatory inspection readiness assessments
- Assistance in responding to regulatory inspections (inspection plans), findings and requests
- AML and sanctions training for Boards, senior management and staff
- Compliance resource augmentation and secondments
Our team can help you meet evolving regulatory expectations and mitigate the risks associated with financial crime.
- Financial crime framework design and consulting
- Effectiveness assessments and benchmarking
- Remediation support and regulatory readiness
- Supporting enforcement of financial crime acts and collaborating with government units
Our team of specialists can help you identify relevant acts and regulations, align your approach, and analyze your policies and processes to ensure robust systems of risk management, compliance, and corporate governance.
- Board and committee effectiveness reviews
- FATCA, CRS, ES, BO, and other reporting
- Vendor and buy-side regulatory due diligence
- Policy governance testing, reviews, and advice
We provide a range of services including internal audit, continuous auditing and monitoring, enterprise risk management, board advisory, professional resourcing, and business process analysis.
- Scope of license advisory
- Short-term professional resource
- Risk management and internal controls
- Employee training and awareness program
We leverage accounting and investigation skills, and employ KPMG’s global methodologies and technologies, to mitigate client reputational risks, minimize commercial losses, and enhance contract value.
- Fraud investigation
- Forensic audit and accounting
- Fraud risk management
- Tracing and recovery of assets
