Guide

Outsourcing Cayman Islands AML/CFT compliance obligations

minute read

10 May 2022

Guide

It is common practice for a managed financial service provider, such as a Cayman Islands mutual fund or private fund, to outsource certain anti-money laundering and countering the financing of terrorism (AML/CFT) compliance functions to a service provider, such as a fund administrator. This guide provides a practical overview of the relevant steps and considerations which should be borne in mind when a financial service provider plans to outsource, or is reviewing existing outsourcing arrangements relating to the performance of an AML/CFT compliance function to a service provider.

Download PDF