December 15, 2019

Cayman Islands AML/CFT new regime

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From Hubbis The Cayman Islands AML/ CTF regime includes, amongst other things, the Proceeds of Crime Law (2018 Revision), the Anti-Money Laundering Regulations (2018 Revision) (“AML Regulations”), and the December 2017 Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands (the “Guidance Notes”). Mandatory Anti Money Laundering […]

Measures to ensure good governance for Cayman Island Funds

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NEW YORK, NY / ACCESSWIRE / April 15, 2019 / The Cayman Islands has established itself as the domicile of choice for offshore hedge funds. Around 85% of the world’s hedge funds are domiciled in the Cayman Islands, enabling the jurisdiction to outrank competing offshore centers (BVI, Bermuda and Jersey among them) as the top spot […]

Cayman Islands FTS to host seminar on Roles of MLRO, AMLCO & Deputy MLROs

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Following the Cayman Islands Monetary Authorities (CIMA’s) recent clarification on the various compliance roles of investment vehicles and other entities, local financial services training company, FTS, has announced it will be hosting a seminar on the roles of MLRO, AMLCO & Deputy MLROs for compliance professionals, CEOs and fun directors. “The seminar will provide delegates […]

Anti-money laundering enforcement: warning for residential and commercial estate agents [UK]

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By Jeremy Bouch Shoosmiths On 1 April 2014 HM Revenue & Customs (HMRC) took over from the Office of Fair Trading (OFT) as the regulator of residential and commercial estate agents for the purposes of anti-money laundering. The final act of the OFT was to impose fines totaling £246,665 on three real-estate agents for “significant […]