Bell Rock glossary
Anti-Money Laundering Compliance Officer
The officer responsible for overseeing a Cayman entity's AML/CFT compliance framework and its day-to-day operation.
The Anti-Money Laundering Compliance Officer (AMLCO) is the person responsible for overseeing an entity's compliance with its anti-money-laundering and counter-terrorist-financing obligations; maintaining policies and procedures, monitoring their operation, and reporting to the board. Cayman entities conducting relevant financial business, including regulated funds, must appoint an AMLCO alongside the MLRO and DMLRO. The role may be outsourced to a qualified provider subject to appropriate board oversight.
Related guidance
Suspicious Activity Report · Proliferation Financing
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