
Our Cayman Islands Packages
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”).
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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.
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Our Cayman Islands Fund AML Services fall into two categories:
AMLCO-MLRO
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Appointment of a natural person who is an expert on AML and CFT compliance as the AMLCO & MLRO
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AML Services provides the Cayman Islands fund with:
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CIMA-compliance AML Policy & Procedures
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Annual risk assessment
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Annual training session (in-person or virtual)
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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
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Sample checking of files of recently onboarded clients
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Processing of internal STRs and SARs received from staff and other relevant parties
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Reporting of STRs and SARs to the Cayman Islands Financial Reporting Authority (FRA) and/or the Joint Financial Intelligence Unit (JFIU)
AML Delegate
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Perform AML for the Cayman Islands fund on the basis of either Gold or Silver service
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AML Services will conduct ongoing monitoring – i.e. the optional extra for regular screening under Silver Services becomes obligatory
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Provides AML Delegate letter to the AMLCO-MLRO