Ricky Chiu is a Director, Cayman Compliance Services and is based in Hong Kong. In his role as Director, Ricky serves as an Anti-Money Laundering Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and/or Deputy MLRO (“DMLRO”) on a diverse portfolio of investment funds and asset managers (SIBAs and Approved Managers) regulated in the Cayman Islands and British Virgin Islands. Ricky has a diverse portfolio focusing on a wide range of different asset classes, investment strategies and globally diverse investor profiles. In his capacity as AMLCO, Ricky is responsible for overseeing the AML compliance programs and assisting funds in meeting their AML regulatory requirements.
Ricky is an experienced compliance professional with a proven track record of over 14 years experience providing compliance services to a wide range of regulated entities in the Cayman Islands and in Hong Kong. In addition to serving as the respective AML Officer, his previous experience includes the development of AML and compliance policies and controls in line with the regulatory requirements of both Hong Kong and the Cayman Islands, performing client due diligence and remediation (including Know Your Clients (“KYC”) documents review, screening and risk assessment), providing compliance advice and training, monitoring transactions, and the detection of suspicious activities.
Ricky began his career in regulatory compliance while working for leading multinational banks UBS AG, Crédit Agricole Corporate and Investment Bank before transitioning to the risk and compliance consultancy arm of Deloitte where he provided inspection and remediation services to financial institutions. Ricky, then furthered his professional experience with a Tier 1 Cayman Law Firm based in Hong Kong, where he provided AMLCO and MLRO services to Cayman investment funds and leading global asset managers. In his previous roles in fund administration, he oversaw and lead teams of compliance professionals that specialised in the provision of AML regulatory and compliance services.
Ricky is a certified compliance specialist, and received the Advanced Certificate on Anti-Money Laundering and Counter-Financing of Terrorism from The Hong Kong Institute of Bankers. He holds a Master of Management and a Bachelor of Applied Science in Engineering from the University of British Columbia.
