- December 14 2017
Unregulated investment funds and some insurance entities in the Cayman Islands have been given a grace period until May 31 2018 to establish anti-money laundering compliance programmes under recent amended legislation.
This transitional period is a welcome move, particularly for unregulated investment funds such as private equity funds which were not previously expressly bound by the preceding regulations and therefore may not have compliant anti-money laundering or counter-terrorist financing policies and procedures in place.
