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Anti-Money Laundering Regulations (“AMLRs”)/Guidance Notes1 (“GN”) - Frequently Asked Questions: Funds
The Cayman Islands Monetary Authority (the “Authority”) outlines below, for your reference, its response to frequently asked questions relating to the AMLRs/GN in relation to funds:
(CNS Business): The Cayman Islands Monetary Authority (CIMA) is seeking to raise standards of corporate governance across the financial sector, building on its previous directives for the investment fund sector and bringing Cayman into line with international best practice.
Divergent views for tricky problem. Institutional investors and regulators are agitating for stronger of hedge fund corporate governance, with majority independent boards with the expertise and time to oversee activities.