Lawson Conner expands AML offering to Cayman Islands

Global regulatory and compliance services provider, Lawson Conner has launched a 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.
 
Andrew Frost (pictured), Executive Director at Lawson Conner, says: “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.”