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Regulatory Services

Centaur takes on the bureaucratic burden of regulation.  We understand regulation and our outstanding team ensures that our clients remain fully compliant with all regulatory developments and reporting requirements, including AML, AIFMD and FATCA. Our regulatory services include Corporate Secretarial Services, Anti Money Laundering (“AML”) Services, FATCA, Regulatory reporting and filing.

GDPR

FATCA

Centaur offers U.S. FATCA (Foreign Account Tax Compliance Act), U.K. FATCA and OECD Common Reporting Standard (CRS) compliance services to its clients including:

  • Registration of funds as Foreign Financial Institutions (“FFI’s”) with the US Internal Revenue Service (“IRS”)
  • Establishment and maintenance of FATCA/CRS status for investors
    Acting as Responsible Officer (“RO”) and Point of Contact (“POC”), as required, for both the IRS and Local Competent Authority (“LCA”)
  • Reporting to the IRS  or LCA
    Ongoing compliance monitoring and reporting

 

Registration

U.S. Internal Revenue Service (“IRS”) Portal: Centaur completes the online registration on behalf of the fund to obtain the necessary Global Intermediary Identification Number (“GIIN”). This is required for both Model 1 and Model 2 Intergovernmental Agreements (“IGA”) funds.  For Model 1 IGA funds (e.g. Cayman, BVI and Irish funds) and for CRS purposes, Centaur also registers the fund with the LCA.

 

Investor FATCA Classification

Centaur conducts initial and ongoing reviews of investor data and compiles the necessary documentation and information to establish investor FATCA/CRS status.

Responsible officer and point of contact
Centaur acts as a Responsible Officer (“RO”) and Point of Contact (“POC”) for both IRS and LCA enquiries:

  • Provision of a RO and POC for IRS enquiries:The IRS requires that a RO and POC are recorded.  The RO and/or POC will deal with all IRS enquiries in relation to US FATCA.
  • Provision of a POC for LCA:The Cayman, BVI and Irish tax authorities require the name and details of a Principal POC. This person will deal with all LCA enquiries in relation to FATCA/CRS.

 

Reporting

Centaur will submit all necessary reports, certifications and filings, within the required timeframes, to the LCA or directly to the IRS, as applicable:

  • Model 1 IGA registered funds (e.g. Cayman, BVI and Irish Funds): Centaur reports directly to the LCA for US and UK FATCA
  • Model 2 IGA funds (e.g. Bermuda Funds): Centaur reports directly to the IRS and the UK HMRC for US and UK FATCA

For funds in scope for CRS, Centaur will report directly to the LCA.

 

Ongoing Monitoring and Reporting

Centaur continuously monitors investor accounts for any changes to FATCA/CRS status and reports, on a regular basis, to the board of directors of the fund on FATCA/CRS compliance.

ANTI MONEY LAUNDERING (“AML”) SERVICES

Centaur’s AML experts provide a broad range of consultative services designed to assist clients in all aspects of AML and KYC:

  • A professional and sensible approach to AML issues
  • Proactive follow up with investors on an individual basis
  • Sanctions and High Risk profile screening
  • Ongoing compliance reporting to the Fund – quarterly board meetings and monthly to the investment manager
  • Dedicated and experienced AML experts and MLRO dealing with investor compliance:
  • AML and KYC documentation tracking
  • Functionality to restrict and block transactions for AML and compliance purposes
  • Documents stored in image format
  • Workflow management including maker / checker rules for all data entry and transactions
  • World Check fully integrated with Mantra (Investor Services system) which allows for continuous screening
  • Assistance provided to investors on AML due diligence.

REGULATORY REPORTING AND FILINGS

Centaur provides clients a regulatory reporting service including assistance with statutory filings which removes the administrative burden involved in gathering and submitting the data to the financial regulators.

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