CAYMAN ISLANDS: Deadline deferred for recruitment of AML officers

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The timeframe for the proposed submitting of AML Officers for all Cayman Islands companies has been adjourned from September 30th to December 31st. The stalling has taken place in order to give companies more time to recruit the necessary AML officers and specialists.

Please note, that regulated funds should have already submitted their officers by the 30th of September, however now have until the last day of 2018 to notify the Cayman Islands Monetary Authority without any late notice or implications. At least for the moment, there is no associated notification requirement for unregulated funds in the Cayman Islands.