Data & Intelligence
Update to Cayman Islands Anti-Money Laundering Regulations
Posted On: 07 Mar 2018
On 2 October 2017, the Cayman Islands updated its Anti-Money Laundering (AML) Regulations in response to developments in international AML standards. The new regulations now apply to all persons conducting relevant financial business, which means that unregulated investment entities are now required to apply the same AML policies and procedures as regulated entities. The AML exemptions previously available for investors of unregulated funds have been withdrawn, and these funds have until 31 May 2018 to comply with the new regulations.
EMPEA member Trident Trust has provided a brief on the new regulations and is also available to answer questions. To learn more, contact Elizabeth Heil at firstname.lastname@example.org or Franciele Sgarioni at email@example.com.