Ongoing pension fund compliance requires operational infrastructure, internal controls, AML/CFT/KYC adherence, segregation of duties, and continuing legal compliance. Pension Funds must maintain a fully functional office within the International Financial Service Centre, supported by secure technology, communications ... Summary
Ongoing pension fund compliance requires operational infrastructure, internal controls, AML/CFT/KYC adherence, segregation of duties, and continuing legal compliance.
Pension Funds must maintain a fully functional office within the International Financial Service Centre, supported by secure technology, communications and data-storage infrastructure for investment management, risk management, compliance and administration. They must implement and regularly update internal policies on investment decisions, risk management, compliance and grievance redressal; comply with AML/CFT/KYC requirements; maintain defined roles and reporting lines ensuring segregation of duties; and continually comply with applicable legal and regulatory requirements.
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