In older literature, the scientific name of this species was often given as C. menisorrah. The blacktail reef shark (C. wheeleri), native to the western Indian Ocean, is now regarded as the same species as the grey reef shark by most authors. It was originally distinguished from the grey reef shark by a white tip on the first dorsal fin, a shorter snout, and one fewer upper tooth row on each side. Based on morphological characters, vertebral counts, and tooth shapes, Garrick (1982) concluded the grey reef shark is most closely related to the silvertip shark (C. albimarginatus). This interpretation was supported by a 1992 allozyme phylogenetic analysis by Lavery.
Living in warm shallow waters often near coral reefs in the Western Atlantic, from Florida to Brazil, the Caribbean reef shark (Carcharhinus perezi) is the most abundant shark in the Caribbean. It feeds mostly on bony fishes and rarely attacks humans. Despite the shark's abundance in some regions, it has a high mortality rate from bycatch and is sought by commercial fisheries for its fins and meat. It is illegal to catch Caribbean reef sharks in U.S. waters. The International Union for the Conservation of Nature (IUCN) lists the species' status as "Near Threatened."