Review / Preparation of AML Policies and Procedures

As regulatory demands increase, in addition to implementing adequate AML policies and procedures that meet the AML requirements, adequate CTF/PF and sanction requirements must also be implemented into the AML programme, as these areas have become a significant risk factor for clients to consider.

Canopy Consulting can review or provide AML policies and procedures for entities conducting relevant financial business under the Cayman Islands’ AML Regime which includes CTF/PF and sanction compliance.   Additionally, where reliance is being placed on a service provider in another jurisdiction, and the AML requirements of that jurisdiction are being implemented, Canopy can review and provide a gap analysis to ensure that where there are any differences between the regimes, the requirements of the Cayman Islands AML Regime are being successfully implemented into the applicable AML Policies and Procedures.

Engaging Canopy Consulting to provide this service will ensure that the applicable AML programme meets the requirements of the Cayman Islands’ AML regime on an ongoing basis.