A Germany-based real estate fund manager sought assistance from Bolder Group in expanding to different jurisdictions, such as the Cayman Islands, USA and Luxembourg. The client required governance solutions for successful expansion. Here is how we helped them: 

Appointment of AMLCO and MLRO. Bolder has experienced AMLCO and MLR officers who are experts in managing compliance risks in Luxembourg, the Cayman Islands and the USA. These officers assisted the clients in developing and implementing procedures that ensure their company’s compliance with local regulations. 

In addition to providing AMLCO/MLRO officers, Bolder also assisted the client with the required AEOI registrations and subsequent filings (FATCA/CRS), which also included the provision of the Principal Point of Contact and Appointed Person for the aforementioned filings.

Appointment of directors. The client needed experienced directors to eliminate compliance risks in the requested jurisdictions. These appointment directors are knowledgeable of local anti-bribery and corruption laws, corporate governance and risk management. 

Ongoing support. Being based in Germany for a long time, our client needs hands-on assistance in remaining compliant in these new jurisdictions. Bolder provides our client with ongoing governance and compliance support, including monitoring regulatory changes and providing guidance and advice on compliance strategies.

Why our client chose to work with us 

Our client raised a few points on why they chose Bolder Group as their governance solutions provider. They mentioned the Group’s strong presence in multiple jurisdictions, particularly in their target countries. Our expertise in multiple countries globally gave our client peace of mind that we can manage compliance risks across various regulatory frameworks without working with different service providers. 

The client also said they benefit from working with highly-qualified compliance professionals with significant experience in governance service provision in their countries of choice. 

In addition, the client said Bolder’s commitment to keeping them updated with local regulations and legislative changes helps them be aware of potential risks, allowing them to make informed decisions to minimise liabilities. 

Our governance services

As a multinational real estate fund manager, our client faced complex governance and compliance challenges, having to deal with different and distinct regulatory requirements. However, by working with Bolder Group’s governance team, our client managed compliance risks in Cayman, Luxembourg and USA and minimised time spent on administrative work associated with meeting local requirements. With support from Bolder Group, they continue to remain compliant in jurisdictions where they are present, effectively preserving their reputation as a fund manager and consequently avoiding costly penalties and legal repercussions. 

Are you compliant? Let’s discuss what you need to avoid legal trouble.