Further to our last notification concerning the CIMA extension to the notification deadline for funds, please be advised that all Cayman-domiciled funds are required 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”)(collectively known as “AML Officers”). Action is required prior to 31 December 2018 on the part of unregistered CIMA funds to ensure natural persons are appointed to these roles.
THE DMS SOLUTION
DMS Compliance Services has a dedicated team of AML/CFT specialists resident in the Cayman Islands and available for appointment as AML 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 DMSAML/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.
For additional information, please contact your usual DMS professional or any one of our team to assist you in evaluating your service options.