Anti-Money Laundering Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and Deputy Money Laundering Reporting Officer (“DMLRO”) Roles Update The Cayman Islands Monetary Authority (CIMA) has made some changes to the deadlines that Cayman domiciled funds need to comply with to ensure they do not breach their obligations under the Cayman AML Regulations. A…
The Paris2Nice cycle challenge takes place from September 15th – 20th. Muriel and Nicola from Carne’s Dublin office are taking on this 6 day challenge to raise money for Chernobyl Children International and Laura Lynn Children’s Hospice, two charities that are particularly close to the wider Carne Group. If you would like to support their…
Important note on Anti-Money Laundering Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and Deputy Money Laundering Reporting Officer (“DMLRO”) Roles Background On 13th December 2017 the Cayman Islands Monetary Authority (“CIMA”) issued their updated Guidance Notes under the new Anti-Money Laundering Regulations, 2017 (“AML Regulations”) which came into force on 2nd October 2017. CIMA…
The Central Bank of Ireland recently carried out a thematic review of the payment of performance fees by UCITS. Where performance fees are charged to funds, or sub-funds, a review of the existing methodologies will need to be undertaken to ensure that performance fees charged comply with the UCITS Performance Fees Guidance including CBI findings…