Cayman Compliance Monitoring Tool for Investment Management Industry
Waystone is the leading provider of institutional governance, administration, risk and compliance services to the asset management industry.
Today’s evolving regulatory landscape has led to an increase in the volume and complexity of fund-level compliance obligations.
Board meeting times are lengthening, agendas are consumed with compliance matters, and there is an increasing need for board-level transparency covering multiple obligations and delegates.
Waystone understands that comprehensive and concise reporting goes hand-in-hand with building effective and efficient meeting agendas, allowing the board to continue to spend time across all core areas of fund governance. The consequences for non-compliance are significant, the penalties and costs associated with non-compliance are rising, and managers are seeking solutions for effective and efficient mitigation.
The Waystone solution
Waystone’s Cayman Compliance Monitoring System is designed specifically to help investment managers achieve their business objectives while remaining fully compliant. The tool is aimed at managers tackling the coordination of fund compliance monitoring and the fulfilment of delegated roles in-house.
Taking proactive measures now will avoid costly remediation and reduces investment managers’ regulatory and reputational risks. Waystone provides investment managers with assistance to manage Cayman Islands regulatory deadlines and document expectations of each specific and relevant regulation, including:
- AML
- FATCA/CRS
- Beneficial Ownership
Cayman Compliance Monitoring Services
Our service includes the following:
- Compliance calendar – a thorough outline of obligations and regulatory developments
- Active monitoring – through reminders and extensive record-keeping for all completed obligations/filings
- Board reporting – on obligations and current compliance status, providing transparency to relevant stakeholders. This supplements existing advisor compliance monitoring, increases efficiency, and reduces time spent navigating each point during board meetings.
Why Choose Waystone?
Waystone is best-placed to help you keep pace with the ever-changing regulatory landscape with Cayman compliance solutions that can be tailor-made to fit the most complex of needs. Our Investment Compliance Monitoring Tool manages all of your compliance needs including deadlines and reminders, and gives you immediate access to all your compliance documents and reports in one simple, secure, and easy-to-use online portal.
To find out more about our Compliance Monitoring Tool, please reach out to your usual Waystone representative or contact us.