Conducting an independent AML audit at a frequency based on the nature, scale and complexity of the entity is a requirement under the AML Regulations.
AML audits are an important component of the control environment to...more
10/17/2024
/ AML/CFT ,
Anti-Money Laundering ,
Audits ,
Cayman Islands ,
CIMA ,
Compliance ,
Customer Due Diligence (CDD) ,
Financial Services Industry ,
Penalties ,
Policies and Procedures ,
Regulatory Standards ,
Risk Assessment ,
Sanctions
Approaches and developments -
The Cayman Islands has long been a leading offshore jurisdiction for investment funds, as well as a significant global financial centre overall. It is therefore not surprising that, reflecting...more
9/13/2023
/ AML/CFT ,
Cayman Islands ,
CIMA ,
Cross-Border Transactions ,
Customer Due Diligence (CDD) ,
Data Protection ,
Digital Assets ,
Economic Substance Doctrine ,
Enforcement ,
FATF ,
Financial Reporting ,
FinTech ,
Intellectual Property Protection ,
Investment Funds ,
Know Your Customers ,
Offshore Companies