Discharge of obligations under the AML Regulations

Posted By: Victoria S

Discharge of obligations under the AML Regulations - 06/27/17 03:16 PM

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.
Posted By: edAudit

Re: Discharge of obligations under the AML Regulations - 06/27/17 03:20 PM

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
Posted By: RockChucker, CAMS

Re: Discharge of obligations under the AML Regulations - 06/27/17 03:29 PM

I wouldn't sign such a document.
Posted By: Victoria S

Re: Discharge of obligations under the AML Regulations - 06/27/17 03:31 PM

Thank you.