Following the update to the anti-money laundering and countering of terrorist financing regime in the Cayman Islands in 2017 (see our May 2018 eAlert providing a summary of the key changes), this is a friendly reminder that Cayman Islands funds (open-ended and closed-ended) are required to designate a Money Laundering Reporting Officer, a Deputy Money Laundering Reporting Officer and an Anti-Money Laundering Compliance Officer by 30 September 2018.
With this deadline fast approaching, all Cayman Islands funds, if they have not done so already, should be taking all necessary steps to ensure compliance. If you need any assistance in this regard, feel free to get in touch with Sailaja Alla or your usual Appleby contact.
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.