AML Compliance

Relevant financial businesses are required to maintain and adhere to adequate compliance and anti-money laundering policies and procedures. ARC can help you prepare AML policies tailored to your business, or review existing policies to ensure that they meet current requirements. In addition to ensuring that the right policies are in place, we can assist with an audit and gap analysis, to ensure that systems and processes are actually meeting the needs of your business. ARC can procure the appointment of the necessary AML and Compliance officers in Cayman. We provide training to your staff and officers, and update you when there are changes to the law, regulations or applicable deadlines.

FATCA and CRS Solutions

FATCA and CRS impose regulatory and reporting obligations on many Cayman entities. ARC can assist with reviewing your existing processes, advising on the configuration of your reports, and ensuring that you have the right appointments in place for compliance.

Economic Substance Analysis and Compliance

Cayman’s economic substance legislation requires that relevant entities conducting relevant activities must have a certain level of presence in the Islands. All Cayman entities need to think about whether or not they are in scope of the economic substance regime. Even if an entity is not required to meet the test for compliance, it still has filings to make. ARC has developed fast, cost-effective tools to assist you with determining whether or not you have compliance obligations, and our legal and regulatory experts can help you with all aspects of compliance.

Privacy and Data Protection

There are now data protection laws in more than 120 countries around the world. Data is commonly viewed as one of the most valuable commodities in today’s global digital economy. Protecting those assets is understandably a priority for governments, businesses and individuals alike. The increasing complexity of regulation and the meteoric rise of technology, together with cyber security concerns and international data sharing regimes (such as FATCA and the OECD’s CRS and CbC reporting standards) make the protection and use of data more complex than ever before. ARC can assist with data protection policies, audits, gap analysis and systems configuration. Our cyber-security experts offer practical, detailed solutions to reduce risks. Responding to data subject access requests requires advanced planning, and we can help you prepare and respond in a timely and efficient manner.

Corporate Regulatory Services

Regulated entities in the Cayman Islands face a minefield of filing requirements, shifting deadlines, and time-sensitive demands. ARC can assist in configuring your internal policies and procedures to align with regulatory filing obligations, ensuring that your business can meet all of its obligations painlessly. Emerging sectors, such as virtual asset service providers and cryptocurrency platforms, are entering a regulatory landscape that is evolving quickly and constantly. ARC’s experts have been at the leading edge of legislative and regulatory developments in Cayman and can help you prepare not just for what your business needs to do today, but for what is likely to come tomorrow.

Regulatory Enforcement and Contentious Matters

Cayman Islands’ regulators and competent authorities are empowered to undertake audits of regulated businesses, order remediation objectives and impose fines for regulatory and AML breaches. ARC’s legal experts can assist with negotiations with these authorities and to advise on your best defence.

Key contacts

Peter Colegate

Partner: Cayman Islands

T +1 345 814 2745 | +1 345 324 0504
E Email Peter

Miriam Smyth

Senior Associate: Cayman Islands

T +1 345 814 2975
E Email Miriam

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