The Caymans consist of three islands—Grand Cayman (76 sq mi; 197 sq km), Cayman Brac (22 sq mi; 57 sq km), and Little Cayman (20 sq mi; 52 sq km)—situated about 180 mi (290 km) northwest of Jamaica. They were dependencies of Jamaica until 1959, when they became a unit territory within the Federation of the West Indies. In 1962, upon the dissolution of the federation, the Cayman Islands became a British dependency, and a new constitution approved in 1972 provided for a greater degree of autonomy. Tourism and finance are the Cayman Islands' major industries. For a time, the Cayman Islands were blacklisted by the Paris-based Financial Action Task Force (FATF) for its allegedly loose policy concerning money laundering. It was removed from the list in 2001.
