Update on Cayman Islands AML/CFT

The Cayman Islands Monetary Authority (“CIMA”) has provided helpful clarification in relation to its recent statement that natural persons should be designated as anti-money laundering compliance officer (“AMLCO”), money laundering reporting officer (“MLRO”) and deputy MLRO (together, the “AML Officers”). This advisory provides a summary of the key points only and we would be happy to advise in further detail if required.

 

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CAYMAN ISLANDS
Lucy FrewPartnerT +1 345 814 4676lucy.frew@walkersglobal.com
Andrew HowarthAssociateT +1 345 814 4561andrew.howarth@walkersglobal.com
Sandra Edun-WatlerSenior Vice PresidentT +1 345 914 4227sandra.edun-watler@walkersglobal.com