RiskPass Compliance

RiskPass Compliance 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)

20/04/2026

ManchesterCF has launched a new FIU Connect Program on Risk Assessments!
This program establishes the criteria for a defensible risk assessment and imparts practical guidance on generating a well-constructed, enterprise-wide financial crime risk assessment that will satisfy supervisors. RiskPass is proud to partner with ManchesterCF and provide a 10% discount on this and all individual FIU Connect programs as well as the Financial Intelligence Specialist (FIS) designation!
To get the code for 10% off the FIS and all FIU Connect programs, visit the RiskPass Online Training page here: https://www.riskpass.com/training and click the link to the ManchesterCF training.
Invest in yourself and take the first steps to accreditation today!

30/03/2026

The legislative amendments related to the Tokenised Funds Framework were published as of Tuesday, 24th March 2026. These include the Mutual Funds(Amendment) Act, 2026, the Private Funds (Amendment) Act, 2026, and the Virtual Asset (Service Providers) (Amendment) Act, 2026. Together these amendments will provide regulatory clarity for both fund professionals and investors.

06/03/2026

RiskPass is proud to partner with Manchestercf and provide a 10% discount on their Financial Intelligence Specialist (FIS) designation and individual FIU Connect programs!
To get the code for 10% off the FIS and all FIU Connect programs, visit the RiskPass Online Training page here: https://www.riskpass.com/training and click the link to the ManchesterCF training.
Invest in yourself, and take the first steps to accreditation today!

02/03/2026

High Risk Education Launches Fintech Training Center to Bring Practical Guidance to Fintech Teams and Bank Partners

New platform delivers real-world training, tools, and expert support across governance, risk, operations, and growth
New York, NY — High Risk Education (HRE) today announced the launch of the HRE Fintech Training Center, a new on-demand training and resource platform built for fintech companies and their bank partners that are facing increasing regulatory scrutiny and operational complexity.
After years of working with fintech founders, operators, and compliance teams, HRE identified a consistent gap: teams are rarely failing because they ignore regulations, but because regulatory and partner expectations are unclear in real fintech operating environments. The Fintech Training Center was created to close that gap by translating regulatory expectations into practical, defensible ex*****on.
The platform delivers practitioner-led training across four learning tracks:
• Board-Level Training
• Management & Practitioner Training
• Annual Training for Fintech Employees
• Sponsor Bank Training
Topics span governance and fiduciary oversight, partner-bank and BaaS oversight, AML and fraud, payments risk, operational resilience, product governance, AI and data risk, regulatory exam readiness, leadership alignment, and scaling without breaking controls.
Members also receive access to downloadable operating tools and templates, along with Ask the Fintech Life Coach. This feature connects teams with experienced practitioners for practical guidance grounded in real-world fintech operations.
“Fintech teams don’t need more theory, they need more clarity on how regulators and bank partners expect them to operate,” said Justin Muscolino, CEO & Co-Founder of High Risk Education. “The Fintech Training Center was built to help teams build defensible programs, strengthen partnerships, and avoid issues before they become findings, enforcement actions, or broken relationships.”
The Fintech Training Center is now live.
Learn more:
👉 https://www.highriskeducation.com/fintech-training-center

24/12/2025

Happy holidays from all of us at RiskPass.
May you have a happy and safe festive season!

15/12/2025

Tis the season to complete your annual compliance training obligations. Contact RiskPass for online AML/CTF/TFS/APF training before the year’s end.
RiskPass offers training specific to Cayman legislation for staff, management, AML Officers and controllers of relevant financial businesses, as well as training specific to BVI legislation.
Visit our website to learn more about our training options, or drop us an email at [email protected]

08/12/2025

The Department for International Tax Cooperation (DITC) wishes to advise industry that effective 01 January 2026, both the Crypto-Asset Reporting Framework (CARF) and Amended Common Reporting Standard (CRS) will come into force in the Cayman Islands.
The first comprehensive review of the CRS resulted in the Organisation for Economic Co-operation and Development (OECD) issuing a new international tax transparency standard, CARF, and amendments to the CRS to build on the existing tax transparency frameworks and prevent the use of virtual assets for tax avoidance and evasion.
Any queries bay be submitted to DITC.

05/12/2025

The Department for International Tax Cooperation (DITC) wishes to advise industry that effective, 3 December 2025, Country-by-Country Reporting (CbCR) functionality related to the Cayman Islands CbCR framework is available on the DITC Portal.
The DITC has considered both the offline period required for the transition of CbCR filings from the legacy portal to the DITC Portal, and the upcoming holiday season. Accordingly, MNE Groups with a filing deadline between 31 July 2025 and 31 December 2025 will be granted an extension for submitting their 2024 fiscal year filings. The new deadline is 27 February 2026.
The DITC expects to add CbCR reporting functionality to the DITC Portal, and to update the DITC Portal User Guide accordingly, by November 2025. At that time, the DITC will email confirmation of this to the Primary and Secondary contacts of all MNE Groups that are registered as having CbCR reporting obligations.
Updated guidelines and resources are available on the DITC Website: https://www.ditc.ky/cbcr/cbcr-legislation-resources/

11/11/2025

The Ministry of Financial Services & Commerce has issued an Industry Advisory notifying of the adjustment of certain fees, starting 01 January 2026.
This includes:
Class “A” Banking Licence Renewal Fees which will transition to a tiered structure based on the total assets of the licensee. This change will happen progressively over a three-year period.
Annual Fees will be consolidated for Mutual Funds and Private Funds, with the base fee and annual return fee combining, payable at the start of the year. There is also an increase to the Annual return fee from $300 to $450, and $150 to $225 for AIVs and sub-funds.
New Annual Fee of $100 for Registered Offices of Exempted Limited Partnerships (ELPs)
An increase of 10% in annual Class B (i), (ii) and (iii) Insurer Fees

New AMLCO or MLRO? Here’s What to Focus on First. AML Compliance Officers and MLRO’s carry weighty responsibilities, bu...
15/09/2025

New AMLCO or MLRO? Here’s What to Focus on First.

AML Compliance Officers and MLRO’s carry weighty responsibilities, but what exactly should you do when you step into the role?

Join AML experts Kimberly Smith and Angela Mele as they break down the expectations, global frameworks, and jurisdictional nuances of the AMLCO role.

Whether you're new to the job or want to sharpen your edge, this session offers sharp insights, practical advice, and no fluff.

Key takeaways:

- What every new AMLCO should prioritize
- The key laws and global guidance to know
- What varies across jurisdictions
- Pitfalls to avoid from Day One

Register now - https://www.silocompliance.com/upcoming/AML-officers-responsibilities

Address

Buckingham Square, South Building, 2nd Floor, 720 West Bay Road
George Town
KY1-9006

Opening Hours

Monday 08:30 - 17:00
Tuesday 08:30 - 17:00
Wednesday 08:30 - 17:00
Thursday 08:30 - 17:00
Friday 08:30 - 17:00

Website

https://www.riskpass.com/training

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