Update: AML/CFT Reporting Forms for MFAs

Reference is made to the Notice – Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”) Reporting that was published by the Authority on 21 November 2019.

The Authority requires that the form, AML/CFT Inherent Risks – Investments - AIR-157- 26, be completed and filed by each licensed Mutual Fund Administrator. The form AML/CFT Risk Controls – Investments - ARC-158-26 is to be completed by those Mutual Fund Administrators that only holds a Mutual Funds Administrators Licence and has no other licence pursuant to any of the other regulatory laws. These filings are required pursuant to regulation 53(A) of the Anti-Money Laundering Regulations, 2019.

The forms are available on the Regulatory Enhanced Electronic Forms Submission ("REEFS") platform and are to be completed and filed by each licensed Mutual Fund Administrators on or before 13 December 2019. 

The Guidance Notes for the completion of the AML/CFT reporting forms are available on the Authority’s website https://www.cima.ky/reefs-forms-guidance-notes. 

The Authority thanks you for your cooperation in assisting to ensure that the jurisdiction remains compliant with international standards.

For more information, contact the Investments Supervision Division at ContactInvestments@cima.ky