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Cayman Islands Financial Institutions Embrace Compliance Training
In a bid to enhance career opportunities and stay ahead of the curve in the financial services industry, compliance training has become an essential requirement for Cayman Islands financial institutions. To this end, the Financial Services Institute (FSI) has launched the Cayman Islands Compliance Diploma (CCD), a comprehensive 12-month program designed to equip professionals with the skills and knowledge needed to excel in the field.
Program Overview
The CCD provides a thorough introduction to the anti-money laundering regulatory and compliance framework in the Cayman Islands. The program covers topics such as:
- Guidance Notes I and II
- AML/CTF Compliance and Governance Roles
- Conducting Due Diligence
- And more
The program consists of eight course modules, each delivered over a 4-week period in-person classroom format.
Benefits
According to FSI officials, the CCD is designed to benefit anyone looking to gain a solid understanding of the compliance industry or seeking a career in the financial services sector in the Cayman Islands. The program’s curriculum is carefully crafted to cater to the specific needs of the local market, providing participants with practical skills and knowledge that can be applied immediately.
Program Details
- Program duration: October 2023 to October 2024
- Class schedule: Weekly on Monday evenings
- Application deadline: October 5, 2023
- Cost: KYD $8,000 (with installment options available upon request)
Industry Impact
Industry experts believe that the CCD will not only enhance career prospects but also contribute to the growth and development of the financial services sector in the Cayman Islands. With its focus on practical skills and knowledge transfer, the program is set to make a significant impact in the industry.
How to Apply
For more information about the CCD or to apply for the program, please visit the FSI website or contact them directly.