The scope includes counter-terrorist financing, proliferation financing and sanctions compliance.

Where an entity relies on a service provider in another jurisdiction and follows that jurisdiction’s AML requirements, Canopy can perform a gap analysis against Cayman requirements. The objective is to identify differences between the regimes and ensure Cayman-specific obligations are incorporated into the entity’s policies and procedures.

The service is intended to help organisations maintain an AML programme that continues to meet Cayman Islands requirements.