Compliance Training for Financial Institutions in Cayman Islands

The Financial Services Institute (FSI) has launched a range of compliance training programs aimed at enhancing professional development and promoting excellence in financial services in the Cayman Islands.

Improving Career Opportunities

According to FSI officials, the training programs are designed to improve career opportunities for Caymanians and residents working or interested in working in compliance and risk management roles in the Cayman Islands. The institute’s online certificate courses were launched in May 2023, while its two diploma programs will run from October 2023 to September 2024.

Diploma Programs

The FSI offers two diploma programs:

• International Financial Services Diploma: This comprehensive program provides an introduction to international financial services and its regulation, with a particular emphasis on the Cayman Islands. The diploma is offered in partnership with accredited bodies and runs over a 12-month period.
• Additional online course modules are available, including:
  • Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT)
  • Environmental Social Governance (ESG)
  • Preparation for Regulatory Inspections
  • Introductory courses on Insurance Management, Investment Funds, Trusts, and Banking

Accredited Courses

The AML/ CFT webinar courses are accredited by the Association of Certified Financial Crime Specialists.

Promoting Excellence and Compliance

FSI officials emphasized that the training programs aim to promote excellence, integrity, and compliance within the financial sector through education, collaboration, and advocacy.

Stay Up-to-Date with FSI Courses

To stay up-to-date with the latest courses offered by the FSI, readers can subscribe to the institute’s newsletter or visit its website for more information.