Centralis Group is to expand its governance, risk and compliance service line. This follows its appointment of a new offshore anti-money laundering (AML) specialist.
Gary McLean is to lead a new independent anti-money laundering risk management team. The team is to focus on the provision of specialised AML services to alternative investment funds that reside in all major jurisdictions.
The risk management team are to deliver tailored investment fund-specific AML risk solutions. Services are to include the likes of client funds’ AML compliance officers, money laundering reporting officers, deputy money laundering reporting officer roles and delivering AML Advisory.
The news comes after the alternative asset and corporate services provider acquired independent directorship services provider Danesmead Limited in November. Centralis Group suggested that the move significantly broadens its governance, risk and compliance offerings to the alternative investment sector. It also aimed to further build its client base in the financial outsourcing market.
Gary McLean commented: “I am absolutely delighted to join the growing team of Centralis professionals. The goal is to provide high-quality AML risk solutions that are tailored to address the specific needs of investment funds. The independence and support network of Centralis Group provides the perfect environment to do so.”
Centralis Group is headquartered in Luxembourg and operates in 13 countries across the world. Recently, the group launched a new service line after another acquisition: business management consultancy Wheelhouse Advisors.
Ensuring compliance and providing AML risk solutions
Matthew Crisp, head of governance, risk and compliance for Centralis, commented: “Hot on the heels of welcoming our highly experienced independent fund directors to the group, it is immensely satisfying that we are now further extending our services for alternative investment managers.
“He is an accomplished AML professional who has worked with some of the world’s leading asset managers. The experience he brings to bear demonstrates a world-class understanding of the AML risk requirements that investment funds face and must comply with, along with the practical means of discharging the attendant obligations.
“With this latest development, as well as those to come, we strive to bring best-in-class solutions to both current and new clients.”