Following issuance of the CIMA AML/CFT Guidance Notes in December 2017, DMS Compliance Services have consistently and accurately advised on the requirement for all Cayman domiciled funds (regulated and unregulated) and Cayman domiciled fund managers to appoint natural persons who are suitably qualified and experienced as AML Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and as Deputy MLRO (“DMLRO”) Learn more. With just over six weeks remaining to fulfill this requirement, now is the time to act to ensure compliance and you can rely on the expertise of DMS to provide you with the right solution.
THE DMS SOLUTION
DMS Compliance Services has a dedicated team of AML/CFT specialists available for appointment as AML/CFT Officers.
DMS Compliance Services is led by Don Ebanks, the DMS Group Chief Compliance Officer. Don was previously the founding Head of Compliance and MLRO at the Cayman Islands Monetary Authority and the Head of the OECD Secretariat and he is widely recognized as the leading expert on AML/CFT matters in the Cayman Islands. Don is supported by a team of highly skilled and experienced AML professionals based in the Cayman Islands, including former CIMA and FCA regulators. The DMS AML/CFT team draws on global insights from our eight offices, some of whom have provided similar services for the last decade and is ready to deliver high-quality, cost-effective solutions.
Many of our clients have already appointed these officers or are in the process of making these appointments. If you have not already done so, we recommend you act immediately to ensure your Cayman domiciled funds and fund management companies are compliant, to avoid any administrative fines or penalties being imposed by CIMA.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.