Thread Options
#2136004 - 06/27/17 03:16 PM Discharge of obligations under the AML Regulations
Victoria S Offline
Member
Joined: Jul 2015
Posts: 93
Needing your input: Business needing letter (template provided to us) indicating the letter is to :" assist in the discharge of obligations under the anti-money laundering regulations of the Cayman Islands"]. We have no concern over the validity of this business, but I have never seen this statement before.

Any assistance in understanding this statement would be greatly appreciated.

Return to Top
BSA/AML/CIP/OFAC Forum
#2136006 - 06/27/17 03:20 PM Re: Discharge of obligations under the AML Regulations Victoria S
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,728
You are here
You are a bank you do not "assist in the discharge of obligations under the anti-money laundering regulations of the Cayman Islands" have them contact their attorney
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#2136009 - 06/27/17 03:29 PM Re: Discharge of obligations under the AML Regulations Victoria S
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,579
The Country
I wouldn't sign such a document.
_________________________
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

Return to Top
#2136010 - 06/27/17 03:31 PM Re: Discharge of obligations under the AML Regulations edAudit
Victoria S Offline
Member
Joined: Jul 2015
Posts: 93
Thank you.

Return to Top

Moderator:  Andy_Z