Six services, one team, no handoffs
Outsourced AML officers
AMLCO, MLRO and DMLRO appointments
AML officers are mandatory appointments for entities conducting relevant financial business in the Cayman Islands, and the regime expects those roles to sit with senior people who understand the business. We take the appointments ourselves rather than passing them to a junior team.
Our experience covers hedge and private equity structures, CLOs and capital markets transactions, securities investment business and banking. That means we can read a transaction, spot the risk that matters and deal with directors, administrators and authorities without needing to be walked through the basics.
AML policies and procedures
Drafting, review and annual refresh
A manual that repeats the regulations back to you is not much use to the person doing the onboarding. We write procedures that describe how your business actually works, then map them to the Cayman requirements so an inspector can follow the trail.
Where you already have a manual, we review it against the current regulations and guidance notes, mark up what has fallen behind and rewrite only what needs rewriting.
Compliance, regulatory and corporate governance
Ongoing advisory support
Rules change, deadlines move, and someone has to tell the board what it means for them. We act as the compliance resource for firms that do not need a full time hire, and as a second opinion for those that already have one.
We keep clients current on Cayman and international developments, including sanctions designations, prohibited lists and changes in supervisory expectations, and we translate that into what to do next.
AML audit and regulatory inspections
Independent testing and remediation
The Cayman regime requires independent testing of your AML programme. We audit the programme and the controls behind it, assess whether they work in practice, and escalate what senior management needs to know rather than burying it in an appendix.
If CIMA has already been in, or a letter has already arrived, we work the findings with you: what to fix, in what order, who owns it and what evidence closes it out.
AML and CTF training
Annual, tailored and verifiable
Staff and senior management need AML training every year, and it needs to be provable. Our material is written for the Cayman money laundering, terrorist financing and proliferation financing requirements, and updated as sanctions and advisories change.
Sessions use examples from your own business, so people leave knowing what a red flag looks like in the files they actually handle. Testing at the end gives you the record.
Bank regulatory and advisory
For banks and licensed institutions
Banking brings a second layer of supervision on top of the AML regime. We support licensed institutions on the prudential and regulatory side, drawing on experience of how CIMA assesses applications and how it follows up afterwards.
You will know the number before we start
Audits, policy drafting and training are quoted as fixed fees against a written scope. Officer appointments and ongoing advisory work run on an annual retainer sized to the entity.
