We offer an initial review package and provide an in-depth perspective of your funds current AML / Compliance status, whereby we will identify possible weaknesses and regulatory risks.

Our offering will also include a breakdown of possible cures and remedies to avoid penalties and fines from governing and regulatory authorities.

Some might think that picking an AML/Compliance service provider is as simple as buying a new car, but this cannot be further from the truth as each fund’s requirements differ pending on jurisdiction, clients, and funding.

Our COs and ROs have extensive experience dealing with various regulators and service providers in the industry and will assist your fund to select the right platform to minimize risk, prevent fraud and enhance security.

The compliance and AML policies and procedures of a digital asset fund differ from a traditional fund in areas such as increase anonymity, transaction size, transaction patterns, source of funds and more. We will help you ensure that your fund has the required policies and procedures in place to cover all these areas.

We also assist with the implementation and regulatory checks of these policies and procedures by incorporating ongoing risk checks of the system – this is made easily available to staff through manuals.

Our ROs will fulfil their reporting duties per Cayman law, to act in the best interest of the fund, and ensure the fund operates within the ambit of all laws, regulations, and guidance notes. In addition, all suspicious activity will be reported directly to the board and where necessary to the regulatory stakeholders

Where you already have your own AML/Compliance policies, procedures, and manuals in place it is good practice, and now mandatory, to ensure that you are constantly and correctly applying the three lines of defense.

We provide independent testing and sampling audits to ensure that your organization is compliant and not raising underreported red flags. Our audits mainly focus on risks, exposures and adequacy of internal policies and procedures; however, tests Integrity and effectiveness of the AML/CFT system and reviews transactions

As this is one of the new enforcements required by the legislators and regulators HASH, in collaboration with service providers ensures that your record keeping procedures are secure and up to date. The new DATA laws are place more and more stringent obligations on DATA processers and where they fail to adhere, impose heft fines and in some breach cases even jail time.

In terms of the AML Regs, it is now mandatory requirement for any person that falls within the Regs to provide training for all its staff and is expanded by the guidance notes to include Directors, Senior Managers and Supervisors.

Our training is not limited to the AML / Compliance sphere, but also focused on the understanding of digital assets and risks related to the onboarding of clients in the space.

Anti-Money Laundering Regulations (2020 Revision)