The ID Register and Waystone have partnered to offer Cayman Islands funds, together with their investors, an efficient and investor-friendly AML/KYC and onboarding hub.
In today’s environment, AML compliance is a priority focus area for regulators, governmental bodies and other industry stakeholders, and ensuring AML compliance is crucial for operators of Cayman fund structures. Investment managers that have historically handled investor AML/KYC for their Cayman funds in-house are now increasingly looking for a professional, reliable outsourced solution.
The ID Register is a trusted onboarding hub for private markets. It pre-approves investors for KYC, providing a ‘passport’ across their portfolio, upon which managers and service providers can depend. Supporting investors from sovereign wealth funds to individuals, The ID Register team offers ‘white-glove’ assistance, review and approval in full compliance with the Cayman AML Regulations. The ID Register’s regulated digital hub provides an efficient and investor-friendly solution, eliminating repetitive, intrusive and costly onboarding processes, and services over 25,000 investors and 270 clients world-wide.
Waystone, born from the merger between MontLake, DMS Governance and MDO, offers over 20 years’ experience in the governance, risk and compliance space. Waystone’s AML Compliance Officers and Money Laundering Reporting Officers fulfil their regulatory responsibilities and can now do so at even greater scale and efficiency through The ID Register’s enterprise-level digital process.
Waystone has a dedicated team of AML officers from diverse backgrounds within the funds industry, each with deep experience, strong technical knowledge, and relevant AML qualifications. Together, Waystone and The ID Register now provide a single sign-off AML/KYC hub for all participants in Cayman fund structures.
Photo shows Tim Andrews, Founder of ID Register.
