Estera expands anti-money laundering services

Corporate and fund services provider Estera announced that its law firm’s anti-money laundering services portfolio in Cayman will be consolidated into Estera Trust (Cayman) Limited following its new business affiliation, which was announced last month.

The expansion adds AML compliance officer services, money-laundering reporting officer services and deputy money-laundering officer services with local expertise.

The consolidation of AML services will allow Estera to broaden and deepen relationships with clients in the Americas, Bermuda, the Cayman Islands and Hong Kong, the firm said in a press release.

“We are extremely pleased to announce the consolidation of AML services in the Cayman Islands,” said James Maitland, regional head of Americas, Bermuda and Caribbean at Estera. “This move bolsters our capabilities, particularly in the regulatory services space, and provides further solutions.”

Kendra Foster, managing partner of Estera Law in Cayman, said, “We are delighted to be working with the Estera Group to consolidate AML service offerings and enhance the legal service offering of Estera Law.”

Estera Law’s Cayman and Bermuda offices provide legal services around corporate and commercial, regulatory, insurance and investment funds practice areas.

On 19 July, it was announced that Inflexion Private Equity will acquire Estera, subject to regulatory approval. Following completion, Estera will be merged with Inflexion’s portfolio company, Ocorian, to form a global corporate-service and fund-administration firm. The combined business will have offices in 18 offshore and onshore jurisdictions with 1,250 employees and more than 8,000 clients.

If you value our service, if you have turned to us in the past few days or weeks for verified, factual updates, if you have watched our live streaming of press conferences or sent an article to a friend... please consider a donation. Quality local journalism was at risk before the coronavirus crisis. It is now deeply threatened. Even a small amount can go a long way to sustaining our mission of informing the public. We need our readers’ financial support now more than ever.