Legal Updates

 Asset Management and Investment FundsSeptember 26, 2018

Cayman Islands – Notification of the Appointment of AML Officers

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For further information on any of the issues discussed in this publication please contact the related contact(s) on this page.

On September 24, 2018, the Cayman Islands Monetary Authority (CIMA) published a notice confirming and extending the deadlines for the appointment and notification by funds of their Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer and Deputy Money Laundering Reporting Officer. The position confirmed by CIMA is that all funds registered with or licensed by CIMA are required to have made these appointments by or before September 30, 2018. The extension granted by CIMA relates to the notification required to be filed by these funds confirming such appointments which can now be made on or before 31st December, 2018.

For funds not registered with CIMA, the deadline for making the appointments is December 31, 2018. Currently, funds not registered with CIMA have no notification requirements.

All fund operators are urged to take immediate action in relation to the appointment of these officer positions in order to secure compliance with their regulatory obligations.

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