As the Cayman Islands market is witnessing a myriad of changes to the rules and regulations that govern the AML/CFT/CPF and Sanctions, organizations must implement strong AML/CFT/CPF and Sanctions frameworks and ensure that they adapt to the changes.

Equally vital is the establishment of an in-house AML/CFT/CPF and Sanctions compliance department and the appointment of Anti-Money Laundering Compliance Officers responsible for achieving AML/CFT/CPF and Sanctions compliance. At MGI, we assist Cayman Islands businesses in reviewing the effectiveness of their AML Compliance Departments, including providing outsourced AML officers where necessary, to help them achieve compliance with Cayman Islands AML/CFT/CPF and Sanctions laws and regulations.

Whether you are a start-up firm or a large enterprise, we can help you with setting up an in-house AML/CFT/CPF and Sanctions compliance department that can handle everything related to AML/CFT/CPF and Sanctions programmes and policies in your organization. With such a compliance department in place in the organization, you will be better able to identify the risks to your business, develop policies to mitigate them, and achieve compliance with regulatory obligations.