01. Jul 2019
Designation/ appointment of MLRO, DMLRO and AMLCO for funds and investment entities
On July 19th, 2018 the Cayman Islands Monetary Authority (CIMA) released a list of FAQs focusing on the requirement for all relevant financial businesses (RFB) in the Cayman Islands to appoint an Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer, and Deputy Money Laundering Reporting Officer
04. Mar 2019
EU Substance (Companies and Limited Partnerships) Act, 2018
On January 1, 2019, the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the "Act") came into force and applies to all resident BVI companies and Limited Partnerships. Companies that are within the scope of the legislation will need to demonstrate that they have economic substance in the British Virgin Islands.
17. Sep 2018
AMS Financial Group companies now licenced as Trust and Company Service Providers in Hong Kong
The AMS Financial Group is pleased to announce that following the recent amendments to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing legislation (the “Legislation”), AMS Trustees (H.K.) Limited and AMS Secretarial Limited, both members of the AMS Financial Group, have been granted licenses under the Legislation to provide trust and corporate services in Hong Kong.