Update on the EU AML List - Limited Impact for the Cayman Islands

In January we published an advisory which provided an update on the European Commission’s delegated regulation proposing to update the existing EU AML List to add the Cayman Islands, along with a number of other jurisdictions. We noted in this advisory that this proposal would impact a small subset of securitisation vehicles but otherwise has no direct consequences for investors or clients using Cayman Islands structures. This update confirms this limited impact and provides an update on timing.

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