Financial Services Minister André Ebanks remains cautiously optimistic that Cayman may soon be removed from the Financial Action Task Force grey list, saying that the jurisdiction has “put in the work” required.

In just under two weeks, the FATF plenary will be held in Paris and, on its conclusion on 27 Oct., many within the industry believe Cayman will be removed from the list of non-compliant countries.

Ebanks, speaking with the Cayman Compass Thursday morning at the start of the two-day Caribbean Regional Compliance Association (CRCA) annual conference held at The Ritz-Carlton, said while the final decision resides with the FATF, he is believes Cayman is in a good position following September’s onsite visit from the FATF Joint Group.