Have you heard people talking about investing in cannabis or cannabis funds? Perhaps they’ve started to come up on your colleagues’ investment radars or you’ve seen stocks soar and crash in various bubbles over the last few years. Whatever the reason for your interest, they’re something that due diligence professionals can no longer afford to ignore.
In 2017 the Cayman Islands introduced a drastically overhauled set of legislation for anti-money laundering and counter terrorist financing. Amongst the sweeping changes and tightening up of the requirements outlined by regulators CIMA was a new requirement for customer due diligence.Read More
With new anti-money laundering regulations coming into effect in the Cayman Islands last year, we thought it worth taking a look at what has changed and what is now required as the deadline for compliance has just passed.