Cayman Islands Anti Money Laundering (AML) Compliance

EisnerAmper Governance is among the leading Cayman Islands Anti Money Laundering solution providers. Our staff are certified by the leading global anti-money laundering institution with over twelve years of extensive certification experience.

Our specialists provide a range of services from client specific needs to a fully outsourced compliance function to meet all of our client’s compliance requirements. Meticulously aware of  Cayman Islands AML regulations.

Equipped with the most qualified professionals in the business, some with direct experience as a regulator, we can maximise genuine expertise and knowledge of the financial services sector, which is supported by a sound business and operational infrastructure.

As the compliance landscape evolves, individuals involved directly with this industry keep themselves abreast through continued education to provide the choicest compliance solution to their clients.

What are the critical components of the Cayman Islands anti-money laundering (AML) and Countering the Financing of Terrorism (CFT) framework?

• • Anti-Corruption Act
  • Anti-Money Laundering Regulations
  • Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands
  • Misuse of Drugs Act
  • Penal Code
  • Proceeds of Crime Act
  • Proliferation Financing (Prohibition) Act
  • Terrorism Act

What is the Role of the Anti-Money Laundering Compliance Officer?

• Point of contact between the supervisory and other authorities in the Cayman Islands
• Responsible to respond immediately to requests from these authorities
• Review, Develop and Maintain the AML/CFT systems and procedures in check with the ever-changing requirements of the Cayman Islands’ AML/CFT routine
• Maintain specific required records/registers, including the data of a high-risk customer and transaction register and a politically exposed person register
• Ensures regular (at least annual) audits of the FSP’s AML/CFT programme
• Advise the FSP’s management of any AML/CFT compliance issues that need to be brought to their attention
• Systematically report ( in any event, at least annually) to the FSP’s management on the entity’s AML/CFT systems and controls.

Contact: compliance@eagovernance.ky