Our mission is:
To provide our clients with the tools, resources, and advises to successfully preserve and nurture their assets for future generations.
To provide, an extremely safe and sound private banking platform within an environment of utmost transparency and integrity.
To offer our clients the most competitive financial products and services, always tailored to their individual needs and goals.
Mr. Charles Cohab Honorary President
Mr. Charles Cohab is the Honorary President of Cainvest Bank & Trust. Mr. Cohab is the founder and former president of one of the most important industrial groups in the non-woven textile sector in Brazil, from which he resigned from his position of President in 2008. With over 60 years of business experience, he has created as a start up one of the most important non-woven textile companies in Latin America. Prior to starting his business, Mr. Charles Cohab served in the Israeli Air force, and he is a Federal Aviation Administration certified aeronautical mechanic.
Mr. Christofer S. Saunders CPA Managing Director
Mr. Saunders currently serves the Managing Director of Cainvest Bank & Trust. Mr. Saunders served previously as the Chief Financial Officer of HSBC Bank (Cayman) Limited for 8 years. Mr. Saunders’ primary responsibility in HSBC was to manage the growth of the balance sheet to achieve efficient capital allocation and utilization of all the resources and monitoring the risk of the bank’s balance sheet. Prior to that, Mr. Saunders served as the Chief Financial Officer of Digicel (Cayman) Limited. Mr. Saunders is a member of the American Institute of Certified Public Accountant and earned a B.B.A. in Public Accounting CPA at Pace University, USA.
Mr. Alvaro Dominguez Deputy Managing Director
Mr. Alvaro Dominguez currently serves as Deputy Managing Director of Cainvest Bank and Trust. Mr. Dominguez previously worked as a business development employee and manager at Cayman National Trust Co. Ltd. during the period 1989 through to 1995. He thereafter worked at Cititrust (Cayman) Limited as a manager and subsequently as head of the private banking team at Barclays Private Bank & Trust (Cayman) Limited from 1997 through to 2008. From 2008 to 2011 he worked at Close Brothers (Cayman) Limited, where he was a senior manager in the business development and private client departments.
Mr. Charles Aboulafia, CFA Chief Financial Officer
Mr. Charles Aboulafia is a co-Founder of Cainvest Bank and Trust Limited and currently serves as its member of the Board of Directors and Chief Financial Officer. Mr. Aboulafia has previously worked for Lehman Brothers Alternative Investment Management LLC in New York City specializing in quantitative and qualitative analysis of global hedges funds.. Mr. Aboulafia is a Cum Laude graduate in Finance and Management from the Wharton School at the University of Pennsylvania with a minor in Economics. He is a CFA charter holder and is currently enrolled in Harvard’s Owner/President Management Program.
Mr. John R. Fletcher Member of the Board of Directors
Mr. John R. Fletcher currently serves as an independent member of the board of director of Cainvest Bank and Trust. Previously to that, Mr. Fletcher has served as the managing director of Givens Hall Bank and Trust in the Cayman Islands from 2011 until 2015. He has also served as the Managing Director for Appleby Trust (Cayman) Ltd. and as the head of Trust for Scotiabank and Trust (Cayman) Ltd., where he worked for 12 years. Mr. Fletcher is a council member of the Cayman Islands Branch of the Society of Trust and Estate Practitioners from 1997 to present and an associate of the Institute of Bankers (U.K.) since September 1977 (now FIS).
Mrs. Tatianna Tibbetts Chief Compliance Officer / MLCO / MLRO
Mrs. Tatianna Tibbetts serves as the Deputy Money Laundering Reporting Officer and Deputy Money Laundering Compliance Officer for Cainvest Bank and Trust Ltd. Previous to that, Mrs. Tibbetts has served as the MLCO/MLRO for Risk Pass AML + Compliance Limited, a consulting firm specialized in compliance in the Cayman Islands. From 2007 until 2015, Mrs. Tibbetts has served as the Compliance Officer and the Deputy MLRO for CIBC Bank and Trust (Cayman) Ltd. Mrs. Tibbetts is a graduate in and is certified member of Association of Certified Anti-Money Laundering Specialists (ACAMS) and of Association of Certified Financial Crime Specialists (ACFCS)
Mrs. Sally M. Patton Deputy MLCO / Deputy MLRO
Mrs. Sally M. Patton serves as the Deputy Money Laundering Reporting Officer and Deputy Money Laundering Compliance Officer for Cainvest Bank and Trust Ltd. From 2008 until 2016, Mrs. Patton has served assisting the Money Laundering Reporting Officer of Dartley Bank and Trust Ltd. in the Bahamas. Previously to that, Mrs. Patton has served as the compliance client relationship officer for Pasche Bank and Trust Ltd. Mrs. Patton is a graduate in Business Management from Nova Southeastern University and a certified and approved member of the Bahamas Association of Compliance Officer (BACO).
Cainvest Bank and Trust Limited (“Bank Cainvest”) holds a Category “A” Banking, a Trust License and it is regulated by the Cayman Islands Monetary Authority (the “Authority”). Bank Cainvest adheres to the entirety of the Authority’s regulatory framework such as but not limited to the following:
• Anti-Money Laundering Regulations (2017 Revision);
• Companies Management Law (2003 Revision);
• Banks and Trust Companies Law (2013 Revision);
• Monetary Authority Law (2016 Revision);
• Proceeds of Crime Law (2017 Revision);
• Terrorism Law (2017 Revision); and
• Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands.
Additionally, Bank Cainvest, the undersigned representative, who is responsible for anti-money laundering compliance, represents and warrants that:
Bank Cainvest has established and maintains an anti-money laundering program and/or procedures in accordance with all applicable laws, rules and regulations of the Cayman Islands including without limitation, as applicable, the Anti-Money Laundering Regulations (2017 Revision) (“AMLR”) including the Bank Secrecy Act (as amended by the USA PATRIOT Act of 2001 (the "Act");
Bank Cainvest has taken appropriate due diligence efforts to know each customer/investor including without limitation, whether the customer/investor is (a) a senior foreign political figure or a politically exposed person ("PEP") or (b) an immediate family member or close associate of a senior foreign political figure or PEP. Bank Cainvest will report unusual or suspicious activity in accordance with the laws or requirements of the Cayman Islands;
Bank Cainvest applies, and will continue to apply, its anti-money laundering program and/or procedures to all customers/investors, and will take appropriate steps in accordance with the laws of the Cayman Islands including, as applicable, the AMLR and the Act, to ensure that all required relevant documentation is retained, including identification relating to those customers/investors; and
Bank Cainvest does not believe, and after appropriate due diligence, has no reason to believe, that any of its customers/investors is (a) a prohibited foreign shell bank or (b) named on any available lists of known or suspected terrorists, terrorist organizations or of other sanctioned persons issued by the United States government and the government(s) of any jurisdiction(s) in which the undersigned is doing business.
Bank Cainvest is a member of Cayman Islands Compliance Association (www.cica.ky)
For more information of our compliance program please request our complete AML manual and procedure.
Anti-Money Laundering Statement
Bank Cainvest, its directors, management and staff are committed to combating the use or abuse of the Bank or its facilities for the purpose of financial crime, including fraud, money laundering and terrorist financing.
International regulatory pressures on banks to combat money laundering and terrorist financing have intensified at an unprecedented rate. Cayman in particular has enacted stringent legislation to combat financial crime.
To protect the integrity of the world's financial systems and to ensure all of our clients have free access to the global payments settlement networks, the Bank strictly enforces and complies with all of the Core Principles on Effective Bank Supervision.
Bank Cainvest, like all international banks, is subject to a wide range of legal obligations to ensure that proceeds of unlawful activities do not end up in accounts at our Bank. If such activity is suspected, we will deal with those funds as per our obligations. All reputable international banks operate subject to a common set of principles and legal standards. Under Cayman Islands legislation, we can freeze and/or close accounts at our own discretion if we have knowledge that an account has been used for an unlawful activity. Moreover, we cannot in any manner aid, abet or otherwise assist our clients in violating the law.
Our Terms and Conditions clearly provide a requirement and undertaking from each of our clients to comply with all applicable laws relating to money laundering and proceeds of crime, to acknowledge that Bank Cainvest is subject to KYC / anti-money laundering obligations, and to fully cooperate with the Bank in discharging its obligations under Applicable Laws and banking practices.
Bank Cainvest is firmly committed to maintaining a "squeaky clean" customer base and its vigorous Know-Your-Customer and Due Diligence procedures are designed to ensure that the Bank deals only with Legitimate Customers, performing Legitimate Banking Transactions. The Bank will not be a party to or in any manner handle or process funds, which may be proceeds of unlawful activities.
For further details on Cayman Islands’ Anti-Money Laundering and Proceeds of Crime legislation please visit the website of the Cayman Islands Monetary Authority.
Bank Cainvest offers private banking services to Non-US clients only. Accounts in the Bank Cainvest may not be opened by, or transferred to, any U.S. Person (as defined below). We reserve the right to close any accounts if our compliance team qualifies the beneficiaries to be a US Person.
"U.S. Person" refers to:
(a) any natural person who is a resident or citizen of the United States;
(b) any partnership or corporation organized or incorporated under the laws of the United States or a state of the United States;
(c) any estate of which any executor or administrator is a U.S. Person as defined in sub-paragraphs (a) and (b) herein;
(d) any trust of which a trustee is a U.S. Person as defined in sub-paragraphs (a) and (b) herein;
(e) any agency or branch of a foreign entity located in the United States;
(f) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. Person;
(g) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or if an individual, resident in the United States; or
(h) any partnership or corporation if (i) organized or incorporated under the laws of any foreign jurisdiction and (ii) formed by a U.S. Person principally for the purpose of investing in securities not registered under the United States Securities Act of 1933, as amended ("Securities Act"), unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Securities Act) who are not natural persons, estates or trusts (whenever such term is used in this document it shall have the meaning given in Regulation S).
It is the responsibility of each prospective client to verify that his or her account in Bank Cainvest is in compliance with all relevant laws of the prospective client’s jurisdiction of residence.
Terms, Conditions, and Disclaimers:
This material has been compiled by Cainvest from sources believed to be reliable, but no representation or warranty, express or implied, is made by Cainvest Bank & Trust, its staff, or any other person as to its accuracy, completeness or correctness.
Nothing in this material constitutes legal, accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and prospective clients and has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Neither the information provided nor any opinion expressed constitutes an offer to sell or solicitations of an offer to buy any securities or to take any deposits or provide any financing. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Most countries throughout the world have their own laws regulating the types of securities and other investment products, which may be offered to their citizens, subjects, and residents, as well as the process for doing so. As a result, the products and services discussed in this material may not be eligible for sale or otherwise in some jurisdictions.
This material is not, and under no circumstances should be construed as, a solicitation to act as a securities broker or dealer or otherwise in any jurisdiction by any person or company that is not legally permitted to carry on the business of a securities broker or dealer or otherwise in that jurisdiction. No matter contained in this document may be reproduced or copied by any means without the prior consent of Cainvest Bank & Trust.
The products and services and the applicable terms and conditions may change at any time. There may be eligibility requirements for these products and services and they may not be available in all geographic areas. By transmitting information through this website, you accept the risk that the information you transmit to us, and any information that we transmit to you may be intercepted by third parties.
Messages that you send to us by email may not be secure. We recommend that you do not send any confidential information to us by email. If you choose to send any confidential information to us via email, you accept the risk that a third party may intercept this information.