Some jurisdictions require operations to have a specialised Money Laundering Reporting Officer (MLRO) to spearhead the due diligence effort as a result of the expanding anti-money laundering (AML) policies that are currently in effect throughout the world. The MLRO is a designated officer who oversees AML operations and serves as a point of contact for any inquiries in this area.
We at dedserve can serve as the MLRO for activities all around the world. One country where investment entities, insurance companies, and financial vehicles are now subject to AML legislation and are required to comply with them is the Cayman Islands.
Our knowledgeable team is well-equipped to establish and maintain AML and CFT processes and controls and to keep the company’s board of directors informed of changes. We maintain logs regarding denied business, potentially exposed persons (PEPs), and information requests from competent authorities relating to investigations, to which we always reply immediately. We also ensure that the AML/CFT programme is regularly audited.
But our research goes beyond what our teams are skilled at. Our Global AML platform, which is part of our service to the larger corporate world, combines searches on people with those on businesses and the key decision-makers behind them, giving you immediate results on PEPs, sanctions, and adverse media checks. So you can be confident that no unexpected or unwarranted attention will be paid to your activity.