The principal legislation in the Cayman Islands which seeks to combat money laundering and the financing of terrorism is The Proceeds of Crime Act (2020 Revision) (the “PCA”) and The Anti-Money Laundering Regulations (2020 Revision) (the...
In response to the growing need for practical and concrete compliance advice following the introduction of the proceeds of crime law and the money laundering regulations, we have assembled a specialist team with practical and technical expertise in compliance matters who are available to advise on Cayman Islands compliance issues for both international and domestic clients.
We are able to provide expert advice in relation to suspicious activity reporting obligations, the application of licencing laws for banks, trust companies, mutual fund administrators, insurance and securities investment business and can assist with licencing applications, exemptions and amendments.
We also have particular experience and expertise in the additional compliance challenges associated with the use of bitcoin, ether and other cryptocurrencies as a means of payment, particularly in the context of investment funds.