For entities conducting relevant financial business, the firm supports mandatory AML Officer appointments such as AMLCO, MLRO and DMLRO.

The service is aimed at entities including hedge and private funds, capital-markets structures, securities-investment businesses, insurers and reinsurers. Canopy stresses the need for appointed officers to have sufficient seniority, knowledge, training and experience to satisfy regulatory expectations.

The appointed professionals are expected to understand the client’s business and transactions, identify and manage concerns, and communicate with directors, managers and authorities where necessary. Canopy cites experience across hedge funds, private equity structures, CLOs, capital-markets transactions, securities businesses and banking.

The firm’s approach also covers risk areas such as sanctions, terrorist financing and proliferation financing. Regular communication with boards, investment managers and parties responsible for implementing the AML programme is presented as a key part of the service. Canopy also highlights independence from other service providers as an important feature of its model.

Canopy’s team are highly experienced professionals with vast knowledge and involvement in top-tier private sector firms and the financial regulator – the Cayman Islands Monetary Authority.

Each team member at Canopy has a minimum of 15 years of industry experience.   Our diligent team of AML compliance and regulatory professionals ensures that clients are fully compliant with the applicable AML and regulatory regime and fully apprised of the Cayman Islands and international regulatory and AML developments, such as sanctions, prohibited lists, and industry best practices.

Canopy’s core service offering focuses on the provision of experienced and knowledgeable individuals to provide the roles and responsibilities of AML Officers, which comprise the Anti-Money Laundering Compliance Officer (AMLCO), the Money Laundering Reporting Officer (MLRO), and the Deputy Money Laundering Reporting Officer (DMLRO).  When providing the AML Officer roles, we provide expert advice and guidance on adherence to global AML, Counter Terrorist and Proliferation Financing (CTF/PF), and requirements in line with international sanctions and other ongoing global financial regulations.

In addition to the provision of AML Officers, Canopy Consulting provides other AML and Regulatory services such as preparation of AML policies and procedures, conducting AML audits, assistance with preparation for regulatory inspections and remediation following assessments, as well as any other AML and regulatory advisory or consulting services that our clients may require.