Lawson Conner expands AML offering to Cayman Islands

18th June 2018 2238 - Firm News

Lawson Conner expands AML service to Cayman Islands

Leading global regulatory and compliance services provider, Lawson Conner has today announced the launch of its new outsourced anti-money laundering (AML) solutions offering for Cayman funds.

Following the Cayman Islands Monetary Authority (CIMA) requirement to appoint an AML Compliance officer (AMLCO), Money Laundering Reporting Officer (MLRO) and a Deputy MLRO for Cayman domiciled funds, Lawson Conner has developed a comprehensive services offering, including the relevant appointments of regulatory experts, and the relevant compliance monitoring program.

Commenting on the launch of the new offering, Andrew Frost, Executive Director at Lawson Conner, said: “The ongoing anti-money laundering compliance environment in the Cayman Islands continues to be a key issue for the financial services industry, particularly with the introduction of a raft of new legislation over the past six months. There are an increased number of funds looking to outsource their AML controls to a suitably qualified third-party provider – an effective and efficient way to ensure that all obligations are met. Our service offering comes at a critical time for many financial firms domiciled in the Cayman Islands and we look forward to working collaboratively with them to ensure that they meet all of their regulatory needs.”

Read more…