Anti-money laundering officer and related deadlines pushed back

The Cayman Islands Monetary Authority has announced that regulated funds have until Dec. 31 to notify the regulator of the appointment of anti-money laundering officers, and unregulated funds have until the same date to make their AML officer appointments.

Regulated funds were still required to appoint an anti-money laundering compliance officer, money laundering reporting officer and deputy money laundering reporting officer by Sept. 30 but the requirement to notify CIMA via the online REEFS portal has been pushed back until the end of the year.

Unregulated funds now have three more months to hire the required compliance officers. However, unregulated funds are not required to notify the regulator.

Both regulated and unregulated funds must update their offering documents to reflect the fact that the fund has designated AML officers and where investors are able to obtain more information on the individual officers.


Via Press Release

Support Terms of Use Privacy Policy