AML Services

With our industry experts' strong background in regulatory compliance, Calderwood is well placed to assist with meeting these requirements, through our AML Compliance Solutions team.

Why Calderwood
CIMA’s main point of contact for all compliance and reporting issues
Provide qualified Money Laundering Reporting Officers
Provide qualified Anti-Money Laundering Compliance Officers
Our process

The regulations require all relevant financial businesses, including all regulated funds and managers, to appoint suitably qualified persons as Money Laundering Reporting Officer (MLRO), Deputy Money Laundering Reporting Officer (DMLRO) and Anti-Money Laundering Compliance Officer (AMLCO).

With access to some of the most experienced investment fund and regulatory compliance professionals in the Cayman Islands, Calderwood can provide suitably qualified individuals to fulfil these appointments for your fund vehicles to maintain regulatory compliance. Specific functions of these roles include:

  • Acting as the main point of contact with CIMA in relation to all compliance and reporting issues.
  • Ensuring that funds have all the necessary CIMA-compliant AML policies and procedures in place, which we constantly review and audit in light of changing regulations and requirements.
  • Provide AML oversight for all the operating activities of funds, including both investment and investor activities.
  • Maintain all CIMA mandated AML logs, specifically in regard to investigations undertaken by overseas authorities, as well as any declined business and persons with political exposure.
  • Presenting AML compliance reports at regular board meetings and providing updates on all related compliance issues, along with the systems and controls in operation.
  • Act as the escalation point for any fund related suspicious activity reporting and, if deemed appropriate, inform the Financial Reporting Authority.

For any assistance or guidance in complying with the Cayman Islands AML Regulations, contact the experts at Calderwood.

How we can help

Your team

Ben Pershick
Independent Director
Charles Thomas
Independent Director