Revision to the Cayman AML Guidance Notes: Delegation and Reliance Provisions for Funds

16 August 2010

The Guidance Notes on the Prevention and Detection of Money Laundering in the Cayman Islands (the "Guidance Notes") have been revised and were reissued on 29 March 2010. After a lengthy period of negotiation between the industry associations and the Cayman Islands Monetary Authority, the Guidance Notes were amended to address how a regulated mutual fund should implement the money laundering reporting, compliance officer and internal audit procedures.

Please see the attached for further information.

Back to the top

Filter by:

Search filters
Sign up to receive our articles, newsletters and news alerts.