Our Cayman Islands Packages

All open-ended and close-ended Cayman Islands investment entities must appoint a natural person who is independent and competent as an AML Compliance Officer (“AMLCO”), a Money Laundering Reporting Officer (“MLRO”) and a Deputy Money Laundering Reporting Officer (“DMLRO”).

We offer funds a local, cost effective and compliance solution based in Hong Kong and based in Singapore that is responsive to your concerns during your Asian business day.

Our Cayman Islands Fund AML Services fall into two categories:

AMLCO-MLRO

Appointment of a natural person who is an expert on AML and CFT compliance as the AMLCO & MLRO
AML Services provides the Cayman Islands fund with:
- CIMA-compliance AML Policy & Procedures
- Annual risk assessment
- Annual training session (in-person or virtual)
Monitor the work of fund administrators and service providers with respect to acceptance of funds from investors, the redemption of funds and sanctions checking in accordance with Cayman Islands laws
Sample checking of files of recently onboarded clients
Processing of internal STRs and SARs received from staff and other relevant parties
Reporting of STRs and SARs to the Cayman Islands Financial Reporting Authority (FRA) and/or the Joint Financial Intelligence Unit (JFIU)

AML Delegate

Perform AML for the Cayman Islands fund on the basis of either Gold or Silver service
AML Services will conduct ongoing monitoring – i.e. the optional extra for regular screening under Silver Services becomes obligatory
Provides AML Delegate letter to the AMLCO-MLRO