AML & Compliance Services

The Cayman Islands Monetary Authority (“CIMA”) has noted that for a Cayman Islands investment entity to comply with the Anti-Money Laundering Regulations (2018 Revision) (“AML Regulations”), it must designate a natural person, at managerial level, to act as its Anti-Money Laundering Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and Deputy Money Laundering Reporting Officer (“DMLRO”).

Bell Rock Group – Cayman Fund, Corporate, Governance & Capital Markets Solutions

The AML Regulations apply to all Cayman entities carrying out "relevant financial business."

Fund Formation, Cayman Funds, Cayman Directors, Independent Directors, Crypto Funds, Cayman Corporate Services, Hedge Funds, Fund services, Fund Governance, Crypto Funds Advice, Fund Platforms, Crypto Fund Solutions, Company Formation, Registered Office, Capital Markets Services, Partnership Formations, Foundation Formation, Foundation Incorporation, Compliance & Regulatory Services, LLC Formation, Company Secretary, Investment Manager Formation, Liquidations, Fund Structuring, Cayman Fund and Corporate Services, Foundation Incorporation Cayman Islands, Partnership Registration Cayman Islands, Fund Formation Cayman Islands, Crypto Funds Cayman Islands, Hedge Funds Cayman Islands, Fund Governance Cayman Islands, CIMA Registered Directors Cayman Islands, Company Formation Cayman Islands, Registered Office Cayman Islands, Partnership Formations Cayman Islands, Cayman Compliance & Regulatory Services, Cayman LLC Formation, Cayman Investment Manager Formation, Liquidations Cayman Islands,
Bell Rock Group – Cayman Fund, Corporate, Governance & Capital Markets Solutions
Fund Formation, Cayman Funds, Cayman Directors, Independent Directors, Crypto Funds, Cayman Corporate Services, Hedge Funds, Fund services, Fund Governance, Crypto Funds Advice, Fund Platforms, Crypto Fund Solutions, Company Formation, Registered Office, Capital Markets Services, Partnership Formations, Foundation Formation, Foundation Incorporation, Compliance & Regulatory Services, LLC Formation, Company Secretary, Investment Manager Formation, Liquidations, Fund Structuring, Cayman Fund and Corporate Services, Foundation Incorporation Cayman Islands, Partnership Registration Cayman Islands, Fund Formation Cayman Islands, Crypto Funds Cayman Islands, Hedge Funds Cayman Islands, Fund Governance Cayman Islands, CIMA Registered Directors Cayman Islands, Company Formation Cayman Islands, Registered Office Cayman Islands, Partnership Formations Cayman Islands, Cayman Compliance & Regulatory Services, Cayman LLC Formation, Cayman Investment Manager Formation, Liquidations Cayman Islands,

From 1 June 2018, new entities must be able to immediately demonstrate compliance with this requirement. Registered funds will need to designate the AMLCO, MLRO and DMLRO via the REEFS portal. 

The AMLCO is required to have AML oversight of an investment entity’s activities, going beyond investor related AML issues and compliance. The designated individual will be required to take measures to develop and maintain systems and controls, regularly reporting to and advising the Board of issues that should be addressed and liaising with and responding to requests from relevant regulatory bodies and authorities. The MLRO and DMLRO will serve as the key points of contact for all suspicious activity reports and will be responsible for reporting suspicious activity to the appropriate authorities.

The same person can act as the AMLCO and either the MLRO or DMLRO.  The MLRO and DMLRO must be separate persons. All persons appointed must have adequate and appropriate knowledge and expertise to perform the function and should demonstrate autonomy in their ability to carry out their designated function.

An ordinary non-resident company

Bell Rock is a leader in truly independent fiduciary services and can provide experienced, qualified and independent individuals to act in the three roles outlined above. Please contact us for further information: info@bellrockgroup.com