Regulatory & Compliance Anti-Money Laundering Services

Increased regulatory focus and the implementation of aggressive international sanctions makes AML compliance more important then ever before. We bring unrivalled experience to offer a risk based, cost effective solution that can be tailored to individual requirements.

Overview

Compliance with global anti-money laundering (AML) standards continues to be a key issue for the industry. Increased regulatory focus and the implementation of aggressive international sanctions makes AML compliance even more important for firms that establish structures which are subject to local AML legislation in the jurisdictions where they are domiciled.

The Maples Group has unrivalled experience, having supported some of the world's largest financial institutions with the maintenance or delegation of AML and counter-terrorist financing procedures. We offer a risk based, cost effective solution that can be tailored to individual requirements and includes:

Developing and assessing AML and risk management systems;
Providing a qualified, named AML professional to act as money laundering reporting officer (MLRO), deputy MLRO or AML compliance officer;
Managing the suspicious activity reporting process;
Acting as an ongoing liaison with local regulators, competent authorities or other regulatory or investigative agencies;
Delivering AML training; and
Providing an annual AML inspection that is designed to test and evaluate an internal AML programme and related controls.

The Maples Group also provides the following legal services with regard to anti-money laundering and counter-terrorism financing compliance:

Advising on the maintenance or delegation of Anti-money Laundering (AML) / Counter-terrorism Financing (CTF) procedures
Development and assessment of AML / CTF and risk management systems
Advising on suspicious activity reporting and reliance on relevant third party obligations
Conduct of mock regulatory and AML / CTF inspections
Provision of advanced AML / CTF training for compliance and reporting officers
Know Your Customer (KYC) due diligence and customer due diligence best practices
KYC information verification and screening services
Management of fraud and forensic inquiries and investigations
Conduct of money laundering and fraud proceedings
Provision of expert evidence on AML / CTF and regulatory obligations under British Virgin Islands, Cayman Islands, Irish and Luxembourg law

Maples Compliance Services (Cayman) Limited, part of the Maples Group, has been recognised by the Cayman Islands Monetary Authority as a suitably qualified AML auditor. We can provide AML audit services to SIBL Excluded Persons where we do not already provide AML officer appointments. As part of the AML audit, we will conduct a comprehensive assessment of the entity’s AML / CTF systems and procedures and prepare a written report outlining the results of our assessment.

Announcements

Maples Group AIFM and UCITS Management Company Services – Update

MPMF Fund Management (Ireland) Limited (“MPMF”), the Maples Group’s Central Bank of Ireland authorised UCITS management company and alternative investment fund manager, has announced a change to its structure. Effective 26 July 2019, MPMF, which was previously a joint venture with Paul Phelan and Philip McEnroe, is wholly owned by the Maples Group.

31 Jul 2019

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Regulatory & Compliance Anti-Money Laundering Services

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