Our Expertise > Regulatory & Compliance > Investment Funds Support Services (AML & AEOI)
Investment Funds Support Services (AML & AEOI)
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Practical AML Support for Cayman & BVI entities
Both the Cayman Islands and the British Virgin Islands (BVI) have robust Anti-Money Laundering (AML) regimes. Under the AML regulations, all relevant financial businesses – including PE, VC and FinTech vehicles, investment funds, managers, and service providers – are required to establish and maintain effective AML/CFT/CPF* frameworks in order to comply with their regulatory obligations.
Our team has extensive experience in these areas and provides multiple services to satisfy your regulatory responsibilities:
- providing named individuals to act as AML Officers (AMLCO, MLRO and DMLRO**)
- preparation of compliance manuals and policies, and procedures
- collecting and reviewing KYC due diligence documentation for investor onboarding or periodic reviews
- regulatory and AML consulting
- Crypto Wallet screening
- E-Learning AML course
*AML/CFT/CPF – Anti-Money Laundering/Counter Terrorist Financing/Counter Proliferation Financing
**AMLCO, MLRO and DMLRO – Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer and Deputy Money Laundering Reporting Officer
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FATCA/CRS Compliance for Cayman and BVI Entities
Reporting Financial Institutions in the Cayman Islands and the BVI are required to identify and classify account holders for FATCA* and CRS* purposes and report relevant information to their local tax authority each year.
Our team provides end-to-end FATCA/CRS compliance services, ensuring accurate, timely, and fully compliant submissions.
- Appointing AEOI* officers (namely a Responsible Officer, Principal Point of Contact and Authorising Person
- Assistance in respect of
- obtaining a Global Intermediary Identification Number (GIIN) for FATCA purposes
- registering with the DITC/ITA
- entity classification advice
- undertaking identification of investors as to their tax residence
- collecting and validating self-certifications from investors
- preparing and submitting annual CRS XML reports and CRS filing declarations
- FATCA/CRS consulting
*The Foreign Account Tax Compliance Act (FATCA) is a US federal law that requires non-US financial institutions to report details of accounts held by US citizens or taxpayers. The Common Reporting Standard (CRS) is a global standard for reporting such information. Both regimes operate simultaneously and are collectively referred to as Automatic Exchange of Information (AEOI) obligations.
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Annual AML Training (Cayman Controllers)
Campbells is pleased to offer a course designed to fulfil the annual requirement for directors, controllers, and senior officers of entities operating in the Cayman Islands. Developed by compliance and AML specialists, it provides a practical overview of key obligations under the Cayman Islands AML Regulations, including:
- AML/CTF/CPF risks and typologies
- Customer Due Diligence requirements
- Sanctions and ongoing monitoring
- Board and senior management responsibilities
- Regulatory updates and recent trends
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