Cayman Islands Government Launches Online Anti-Money Laundering Training Modules
The Cayman Islands Government has partnered with Cayman Finance to introduce a series of online learning modules aimed at reinforcing effective practices in anti-money laundering (AML), countering terrorist financing (CTF), and countering proliferation financing (CPF) standards.
Free Online Lessons for Professionals
These self-paced lessons are available to professionals in the financial services industry, as well as designated non-financial businesses and professions such as lawyers, realtors, and accountants. The modules aim to cascade knowledge of AML/CTF/CPF throughout all levels of industry, reinforcing Cayman’s commitment to adhering to FATF (Financial Action Task Force) global standards.
Modules for Enhanced Compliance
Each module includes a short quiz to solidify learnings and covers topics such as:
- Financial crime
- Government structure
- CFATF (Caribbean Financial Action Task Force) process
- Obligations of financial services businesses
Industry members can choose modules that best fit their responsibilities or complete them all. The modules allow industry to further enhance their compliance with Cayman’s framework, which is based on the FATF standards.
Collaborative Effort
Justine Plenkiewicz, Deputy National Coordinator for the Anti-Money Laundering Steering Group, coordinated the production of the modules. “The aim of the online learning platform was to make information easily accessible to anyone who works with the Cayman Islands’ AML/CFT/CPF framework, whether they are based here or overseas.”
Future Development and Notification
As more content is developed, industry members will be notified when new modules are added to Cayman Finance’s e-learning platform. The initiative is a collaborative effort between government agencies and industry stakeholders, aiming to maintain and enhance the Cayman Islands’ position as a leading international financial centre.
Quote from Attorney General Samuel Bulgin, QC
“The modules allow industry to further enhance their compliance with Cayman’s framework, which is based on the FATF standards.”