Audits
Independent AML audits and other regulatory audits tailored to the organization, its obligations and risk profile.
Learn moreCayman Islands
Good compliance is good business
Experienced, independent and practical regulatory compliance services for regulated entities in the Cayman Islands. Open Palm Consulting provides independent audits, AML Officer services, regulatory advisory and practical training, grounded in experience, regulatory expectations and how your business actually operates.
What we do
Compliance work, done properly
From independent audits and AML Officer appointments to regulatory advisory, remediation and training.
AML Officer Services
AMLCO, MLRO and DMLRO appointments together with additional support for existing AML Officers and compliance teams.
Learn moreRegulatory Advisory
Gap analysis, risk assessments, policies and procedures, governance reviews, remediation, regulatory inspection support and practical regulatory advice.
Learn moreTraining
Practical, role specific compliance training for Boards, senior management, AML Officers, compliance teams and employees.
Explore training
How we work
Clear, practical and right sized
Three things that shape every engagement and occasionally which engagements we take.
Independent by design
We do not review our own work and we do not sell you a system and then sign it off. Independence matters because clients deserve an objective view of whether their frameworks and controls are working as intended.
Right sized to the business
We focus on what fits your products, clients, delivery channels, risk profile and regulatory obligations. Proportionate, practical and defensible.
Technology in service of the work
We use technology thoughtfully to improve how we work, not to replace professional judgment. Used properly, technology creates more time for analysis, critical thinking and the work that actually requires human experience.
Compliance is not boring
Compliance is an important part of doing business well and not just a box to check. We want our clients to understand what they need, why they need it and how to make it work in practice.
#ComplianceIsNotBoring
Insights
Practical regulatory insights
Clear perspectives on regulatory developments, recurring compliance issues and what they mean in practice.
AML & Financial Crime
Common weaknesses in entity-wide risk assessments
A risk assessment that never changes its conclusions is usually being maintained rather than used. Six weaknesses that recur across reviews.
Read moreAudit
What an independent AML audit actually tests
The gap between a documented compliance framework and day-to-day practice is where most audit findings originate. Here is what testing tends to look for.
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Tell us what you are dealing with
Whether it is an audit due, an inspection coming or a policy that nobody has looked at in a while, tell us what you are dealing with. We will help you work out what needs attention and what makes sense from there.