Financial Crime World

Cayman Islands Financial Institutions Turn to Claritas for Compliance Training

Staying Ahead of Regulatory Requirements

Grand Cayman, Cayman Islands - In an effort to stay ahead of the curve on financial services regulatory compliance, many Cayman Islands-based financial institutions are turning to Claritas, a niche consulting firm with expertise in anti-money laundering and counter-terrorist financing.

Compliance Experts at Your Service

With extensive knowledge of the Anti-Money Laundering Regulations and guidance issued by the Cayman Islands Monetary Authority, Claritas’ consultants offer unparalleled expertise in ensuring financial institutions comply with regulatory requirements. Their services include:

  • Conducting institutional AML/CFT/CPF risk assessments
  • Acting as anti-money laundering compliance officers and money laundering reporting officers
  • Reviewing and revising AML/CFT policies and procedures
  • Preparing for on-site inspections

Comprehensive Training and Support

In addition to these services, Claritas also provides training on all aspects of financial crime compliance in the Cayman Islands. The firm’s principals have conducted over 50 presentations and training events in the past two years, covering topics such as:

  • Anti-money laundering requirements
  • Implementation of financial sanctions

Regulatory Compliance Services

Claritas’ expertise extends beyond AML/CFT/CPF compliance to financial services regulatory compliance. Their consultants have intimate practical knowledge of Cayman Islands legislation, rules, statements of guidance, and regulatory policies issued by the Cayman Islands Monetary Authority. They can:

  • Conduct compliance audits
  • Advise on a regulatory compliance strategy
  • Assist with drafting or reviewing manuals, policies, and procedures
  • Prepare for on-site inspections
  • Assist with remediation work

For those who require legal advice and representation, Claritas’ law firm is also available to provide seamless support from compliance advice to legal counsel and advocacy. With their extensive experience in regulated sectors such as:

  • Insurance
  • Funds
  • Securities
  • Trusts
  • Corporate services providers
  • Banking

Claritas is the go-to partner for Cayman Islands-based financial institutions seeking expert guidance on financial crime compliance and regulatory matters.

Partnering with Claritas

By partnering with Claritas, financial institutions can ensure they are meeting their obligations and staying ahead of regulatory requirements. With their unparalleled expertise and comprehensive range of services, Claritas is a trusted resource for those seeking to maintain compliance in the Cayman Islands’ dynamic financial landscape.