Welcome to Financial Reporting Authority (CAYFIN) of the Cayman Islands
The FRA is the Cayman Islands’ Financial Intelligence Unit (FIU) with responsibility for receiving, analysing and disseminating disclosures of financial information concerning the proceeds of criminal conduct, money laundering and the financing of terrorism pursuant to the provisions of the Proceeds of Crime Law (2008) (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 and overseas law enforcement agencies 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 which consists of the Attorney General, the Financial Secretary, Commissioner of Police, Collector of Customs, Managing Director of Cayman Islands Monetary Authority (CIMA) and the Solicitor General. This group 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).