CIMA promotes money laundering officer to head of compliance division


Cayman Islands Monetary Authority (CIMA) has promoted Audrey Roe to head of the compliance division, effective August 1, 2016.

As well as her new position, Roe assumes the role of money laundering reporting officer for CIMA and has been serving as deputy head of the division since November 1, 2006.

In her new role, she is responsible for managing and directing the enforcement actions taken by the authority, while overseeing the due diligence process on persons applying to be approved persons on entities regulated by the authority. She will also be assisting on overseas regulatory requests of a non-routine nature.

Her duties also involve working closely with the Financial Reporting Authority concerning any suspicion of money laundering identified in the course of the authority’s supervisory functions.

“We are pleased that Audrey has accepted the challenge of heading the compliance division. We are confident that her 10 years as deputy head have provided her with the tools required to be successful in her new role,” said Cindy Scotland, managing director of CIMA.

Prior to CIMA, Roe has had over 20 years of investment management services experience, the majority of which was spent as a portfolio manager.

She has held the position of assistant vice president, investments, at CIBC Global Asset Management (Cayman). Her career started in the financial services sector at NatWest International (now Coutts).

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Cayman Funds