January 21, 2021

Cayman Islands insists money laundering reporting cannot be delegated to third party

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From STEP Cayman Islands investment funds must, from 1 June, appoint natural persons as their anti-money laundering (AML) reporting officers, rather than delegating their AML functions to corporate bodies. New AML regulations came into force on 2 October 2017, making both regulated and unregulated investment entities, as well as insurance entities and finance vehicles, subject […]