Completing partial or incomplete submissions to CIMA for AML surveys Loop Cayman Islands

Black Immigrant Daily News

The content originally appeared on: Cayman Compass
Loop News

36 minutes ago

If you are in the financial services industry and act as registered office or as a money laundering reporting officer, you may have received a request from the Cayman Islands Monetary Authority (CIMA) recently to complete an AML survey. While a fully completed AML survey is expected in most cases, CIMA may permit, with CIMA’s prior approval, partial or incomplete submissions in limited circumstances.

One example of this where an investment management entity has been deregistered or is in the process of a voluntary liquidation.

If your entity falls within this category, you may email an Incomplete Submission Request to AMLSurveys@cima.ky detailing the following:

Licence or Registration NameLicenced or Registration NumberDate of Licence or RegistrationList of current directorsNumber of ClientsReason for requesting to make an incomplete submission

CIMA will then respond to your request to make an incomplete submission.

If approved, CIMA will typically provide instructions to sign onto the CIMA portal with credentials previously provided, following which you will enter the names of the AML survey preparer and person submitting the AML survey and submit the partially completed form.

Should relevant parties have any questions regarding requests for incomplete or partial submissions of AML surveys, they can contact AMLSurveys@cima.ky.

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