KPMG can help you through our outsourced AMLCO/MLRO/DMLRO Service Offering.
KPMG can help you through our outsourced AMLCO/MLRO/DMLRO Service Offering
The Cayman Islands Monetary Authority (“CIMA”) have stipulated that all Cayman Islands domiciled funds, whether regulated or unregulated, and other entities performing “relevant financial business” are now required to appoint a “natural person” to fulfil the role of Anti-Money Laundering Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and Deputy Anti-Money Laundering Reporting Officer (“DMLRO”).
Our team of experienced Anti-Money Laudering ("AML") compliance professionals can take on these roles for you, freeing up your time and resources to more effectively manage your business. Furthermore, CIMA have already clarified that it is permissible to outsource these roles to third parties in accordance with Section 10.C of the regulations.
KPMG AMLCO/MLRO/DMLRO Service Offering can provide the following:
White Label Solution
KPMGs white labelling solution enables Fund Administrators or Managers lacking the resources or expertise to provide the service under their name with KPMG providing back office support. This allows smaller administrators or larger risk adverse managers to deliver full service solutions to clients.
For more information on the services we provide, contact our team today.
Drawing on our experience with our diverse portfolio of clients, Cayman Islands Monetary Authority, other regulators and law enforcement agencies, KPMG Advisory Services professionals have transformed how clients identify, mitigate, and respond to regulatory matters. We have access to resources from around the world to ensure we are delivering the best possible service. This allows scalability and flexibility to respond to changing business conditions and demands.