Skip to main content
Link to Walkers homepage
Back to Insights landing page

Cayman Islands Financial Sanctions Regime

Apr 30, 2021

Advisory
A sleek black pen with 'Walkers' branding lies atop a closed notebook, both featuring raised 'Walkers' logos.

KEY TAKEAWAYS

  • Did Brexit change the Cayman Islands sanction regime?

  • What about US OFAC sanctions?

  • What additional financial sanctions obligations apply under the Cayman Islands AML Regulations?

This advisory provides an overview of the Cayman Islands financial sanctions regime, which was updated following the United Kingdom’s exit from the European Union, together with an outline of key practical steps to comply.

What are sanctions?

Sanctions are restrictions put in place by international organisations, in particular the United Nations, or countries to achieve a specific foreign policy or national security objective.

Sanctions can include trade sanctions, travel bans, transport sanctions and financial sanctions. Financial sanctions most frequently take the form of targeted asset freezes on named individuals and entities (referred to as ‘designated persons’) and can also limit the provision of financial services or restrict access to financial markets, funds and economic resources. This advisory focuses specifically on financial sanctions which may impact regulated and unregulated Cayman Islands entities.

Who must comply?

All legal and natural persons located or operating within the Cayman Islands – not simply regulated persons or persons subject to the Cayman Islands Anti-Money Laundering Regulations (as amended) (the “Cayman Islands AML Regulations”) - are subject to the Cayman Islands sanctions regime, irrespective of where their activities take place. Any person in breach of an obligation under a relevant sanctions measure will be guilty of a criminal offence.

Click to view advisory

Regulatory & ComplianceCayman Islands

Solution area

Regulatory & Compliance

KEY CONTACTS

Get in touch with our team

///
Lucy Frew
Lucy Frew profile image

Lucy Frew

Partner

Cayman Islands

T

+1 345 814 4676

M

+1 345 939 4676

E

Email Lucy Frew
View profile
Nicholas Quin

Nicholas Quin

Managing Director, Americas

Cayman Islands

T

+1 345 914 4295

M

+1 345 923 4295

E

Email Nicholas Quin
View profile
Steven Manning
Steven Manning

Steven Manning

Chief Executive Officer – WPS

Cayman Islands

T

+1 345 814 7612

M

+1 345 938 7612

E

Email Steven Manning
View profile
Daniel Wood
Daniel Wood

Daniel Wood

Managing Partner

Dubai

T

+971 4 363 7912

M

+971 50 652 5633

E

Email Daniel Wood
View profile
Sara Hall
Sara Hall

Sara Hall

Partner

London

T

+44 (0) 2072 204 975

M

+44 (0) 7904 132 128

E

Email Sara Hall
View profile
John Rogers
John Rogers

John Rogers

Managing Partner

Singapore

T

+65 6595 4673

M

+65 9299 1514

E

Email John Rogers
View profile

Get the latest insights and expertise in your inbox 

Fluid ink image
Sign up
logo footer

Connect with us

FacebookFacebook
InstagramInstagram
LinkedInLinkedIn

Employee login

Self Service Password ResetWalkers AnywhereWalkers Sharefile
Legal notices/Cookies policy

All rights reserved - © 2025 Walkers Global