Bermuda:
AML Officers' Appointment Deadline Fast Approaching
23 September 2018
Appleby
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Following the update to the anti-money laundering and countering
of terrorist financing regime in the Cayman Islands in 2017 (see
our May 2018 eAlert providing a summary of the key
changes), this is a friendly reminder that Cayman Islands funds
(open-ended and closed-ended) are required to designate a Money
Laundering Reporting Officer, a Deputy Money Laundering Reporting
Officer and an Anti-Money Laundering Compliance Officer by 30
September 2018.
With this deadline fast approaching, all Cayman Islands funds,
if they have not done so already, should be taking all necessary
steps to ensure compliance. If you need any assistance in this
regard, feel free to get in touch with Sailaja Alla or your usual
Appleby contact.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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