Governance & Regulatory Compliance
Automatic Exchange of Information (AEOI):
Our legal team assists BVI and Cayman Islands entities with drafting the required policies and procedures to ensure that they remain in good regulatory standing.
BGA Law offers a full range of advisory services related to FATCA and CRS. Our professionals have many years of practical experience and in-depth technical skills when it comes to advising on offshore entities. We assist with due diligence and reporting obligations – providing tailor-made solutions to help meet the particular needs of our clients in a timely, accurate and efficient manner.
Anti-Money Laundering and Compliance:
Staying compliant is a major challenge and one of the least understood risk areas for many companies. The demand for compliance requirements in today’s rapidly evolving regulatory environment means that firms are increasingly looking at faster and more cost-efficient methods to comply with and also reduce the burden of know your client (“KYC”) requirements.
BGA Law offers a full range of compliance services. We can ensure full compliance with local legislation and timely filing to local regulatory bodies. To provide an efficient approach to long-term KYC sustainability, our firm offers a tailored approach to meet individual needs, including:
- consulting;
- outsourcing;
- client outreach;
- KYC health checks;
- policy and procedure building and establishment; and
- end-to-end project management.
Some examples of BGA Law’s offering are:
To provide assurance to those charged with governance oversight and to help with the preparation for potential regulatory inspections, BGA Law can perform compliance reviews of corporate vehicles and management companies, and provide anti-money laundering (“AML”) compliance recommendations.
Providing tailored AML policies and procedures for corporate vehicles and funds that can be used to assist with their AML compliance programs.
Missing a filing requirement or deadline can disturb the relationship with regulatory bodies and potentially lead to fines and penalties being levied against a company. This can ultimately impact a company’s bottom line, affect its ability to operate efficiently and can result in penalties and sanctions. BGA Law can assist with giving reporting advice and establishing compliance policies.
Regulatory Services
Our professionals assist clients with the licensing requirements set by the relevant regulatory authorities thus ensuring adherence to laws, regulations, guidelines and specifications relating to a client’s corporate structure.
Our practitioners also keep clients keep abreast of current, existing and emerging regulatory, legislative and compliance matters, ensuring that structures are in compliance with local and international regulations/requirements.
BGA Law can also act as the nexus between companies and the local regulatory authority, guaranteeing smooth and efficient communication lines and maintaining that client entities are in good standing.
Economic Substance
BGA Law can assist with economic substance classification, filing and notifications, as well as in-scope economic substance solutions, in both the BVI and the Cayman Islands, for entities that are required to have local substance in the relevant jurisdiction due to regulatory requirements.
