Independent Compliance Consulting
in the Cayman Islands
Established in March 2005, RiskPass is the oldest independent compliance consulting firm in the Cayman Islands. The team at RiskPass have extensive compliance and regulatory consulting experience in fund administration, insurance management, banking, corporate and trustee services, and remittance services.
RiskPass is regulated by the Cayman Islands Monetary Authority License number 1273134 and is a member in good standing of the Cayman Islands Compliance Association (CICA). The RiskPass staff is accredited by a number of international bodies including the Association of Certified Anti Money Laundering Specialists (ACAMS), the International Compliance Association (ICA), the Institute of Risk Management (IRM), and the Association of Certified Fraud Examiners (ACFE)
to all relevant
years of combined professional experience in the Financial Industry
years operating in the Cayman Islands
We work with a variety of clients from various fields including Banks, Corporate Management, Directorships, Funds, General, Life and Captive Insurances, Jewellers
Lawyers, Real Estate, Remittance and Trusts.
OUTSOURCED COMPLIANCE FUNCTION
Anti-Money Laundering Compliance Officer (AMLCO)
Money Laundering Compliance Officer (MLRO)
Deputy Money Laundering Reporting Officer (DMLRO)
Many jurisdictions now require the appointment of ‘natural persons’ to act as AMLCO, MLRO, and DMLRO. These persons are required to address money laundering and terrorist financing risks and respond effectively to those risks by having proper systems and controls in place. The staff of RiskPass has the relevant expertise and independence to carry out these appointments.
DESIGN AND/OR REVISE AML/CFT POLICIES AND PROCEDURES
At RiskPass, we understand the Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) framework and can provide regulated business with a customized set of policies and procedures specific to your industry.
For a new business, we can create a complete set of manuals to fit your corporate culture and meet the local AML/CTF requirements. For an existing business, our professionals can assess your current program in order to recommend appropriate changes and updates.
FATCA & CRS SUPPORT SERVICES
RiskPass can assist your institution with the following FATCA/CRS requirements:
Understanding of FATCA and CRS legislation as it pertains to financial institutions in their jurisdictions;
Classification of clients, notification to the local competent authority, determinations and reporting of accounts;
Design and delivery of Policies and Procedures manuals specific to the regime and industry; and
In-house training tailored to your company's needs
RiskPass provides company incorporation services for both ordinary residents and exempted companies in the Cayman Islands. Once incorporated, all Cayman Islands-registered companies must maintain a registered office within the jurisdiction. RiskPass not only offers registered office services, acting as a conduit between the Registrar of Companies and your firm but also secretarial and bookkeeping services, which allows you to focus on your core business at hand.
COUNTER TERRORISM FINANCING INDEPENDENT AUDIT
An independent audit function is one of the pillars of a complete AML/CTF program. This review process, whether full o focused, can be outsourced to RiskPass, ensuring independence and professionalism for your institution.
TRAINING & WORKSHOPS
BESPOKE IN-HOUSE TRAINING
Our experienced and professionally qualified trainers can evaluate and meet your educational needs by delivering training programs on such topics as AML/CTF legislation, preparation for internal audits, and risk management. Training can be tailored to your company’s needs with and emphasis on interactive learning and class participation, thereby increasing the value of your institution’s people and business.
RiskPass offers online AML/CTF training courses, providing an independent learning option for staff, management and directors of financial service providers. The online training also includes an online assessment facility.
RiskPass designs and delivers accredited workshops open to the financial service industry on a variety of timely topics. Also, RiskPass assists in facilitating training provided through industry associations like the Cayman Islands Directors Association (CIDA), the Cayman Islands Funds Association (CIFAA) and the Cayman Islands Bankers Associations (CIBA).
BUSINESS CONTINUITY AND DISASTER MANAGEMENT
Risk management and business continuity is an integral part of a company's plan for risk mitigation. RiskPass can design and implement a business continuity and disaster management program specific to your company's needs, considering your physical location, information technology issues, and any regulatory requirement.
CLIENT SCREENING SOLUTION
The only screening tool you need as a Compliance Professional.
Let us help you keep current and understand your clients, whether they be individuals or entities.
RiskPass AML+Compliance Ltd., the oldest independent compliance consulting firm in the Cayman Islands, has developed RiskCheck™, a screening tool that effectively and efficiently monitors your organization’s client database in real time against the requisite targeted financial sanctions lists of choice.
RiskCheck is a robust tool designed to assist the busy Compliance Professional by ensuring the screening process is managed both at the time of take on as well as during the ongoing process, by providing alerts in the form of emails.
YEARS OF COMBINED PROFESSIONAL EXPERIENCE
ANGELA MELE BA, B. ED. CAMS, MICA, CAMS AUDIT
Angela Mele has over 20 years of international financial services experience, having worked at Leeds Management Services in Bermuda, then at the Cayman Islands Monetary Authority, and most recently with Citi Hedge Fund Services (Cayman) Ltd.
Angela left her position as Head of the Compliance & Training Division of Citi in December 2007 to take over management of RiskPass Compliance+AML Ltd.
Angela is a Certified Anti-Money Laundering Specialist (CAMS) and is a member of the International Compliance Association (MICA). Also, she holds a Bachelor of Arts Degree from the University of Western Ontario, London, Canada, with a concentration in History and Politics, a Bachelor of Education from York University, North York, Canada, and received the designation of Certified Advanced AML Audit Specialist (CAMS-Audit) in January 2014. - READ MORE -
ELPHA JOHN CFE, INT. DIP. (COMP), MICA, AML/CA, CIRM
Elpha John is a well-seasoned professional with over 20 years experience in the financial services industry, particularly in the areas of Compliance, Anti-Money Laundering, Fraud, Risk and Business Administration. While in the Commonwealth of Dominica, Elpha worked with the Financial Intelligence Unit (FIU) and the Money Laundering Supervisory Authority. After that, she worked as an Insurance Broker and Consultant before moving to the Cayman Islands where she took up the position of Compliance Manager for JN CAYMAN and JN Money Remittance (Cayman) Limited, the largest remittance company in the islands.
Elpha is a Certified Fraud Examiner (CFE), Anti-Money Laundering Certified Associate (AML/CA) with the Florida International Bankers Association (FIBA), a member in good standing of the International Compliance Association (ICA), and a Certificant in International Risk Management. - READ MORE -
Abbie has extensive compliance experience, having worked in the Cayman Islands financial industry for the past 13 years. Prior to joining RiskPass in January 2019 as the Compliance Officer and Corporate Administrator, Abbie was previously employed in local law firms, private trust companies, and offshore insurance companies. She has a varied compliance background due to this previous experience, which allows RiskPass to provide wide-ranging compliance and AML services. Abbie is extremely well-versed in the various regulatory requirements relating to FATCA, CRS, and other CIMA enforced requirements.