Financial Crime World

Title: CIMA and ACAMS Offer Exclusive Scholarships for Caymanians Pursuing Careers in Financial Crime Prevention

Collaboration between CIMA and ACAMS

The Cayman Islands Monetary Authority (CIMA) and the Association of Certified Anti-Money Laundering Specialists (ACAMS) have announced the launch of two scholarships designed to support ambitious Caymanian professionals and university students as they advance their careers in anti-money laundering (AML) and financial crime prevention.

Scholarship Program Overview

This collaborative scholarship program seeks to provide talented and driven Caymanian individuals with the opportunity to enhance their expertise in AML and financial crime compliance through the esteemed ACAMS certification. Recognized globally, this certification provides a distinct advantage in the financial services sector.

Key Components of the Scholarship:

  • Access to Premium Learning Resources
  • ACAMS Bootcamp
  • Waived Certification Fees
  • Networking and Professional Development Opportunities

Benefits of the Scholarship

Recipients will receive the following benefits:

  1. Access to Premium Learning Resources: Comprehensive study materials in the Learning Management System (LMS) and other online resources will be granted to scholarship awardees.
  2. ACAMS Bootcamp: Pre-exam preparation will be facilitated through a week-long in-person bootcamp at CIMA, offering expert guidance from ACAMS professionals.
  3. Waived Certification Fees: Scholarship recipients will not need to cover the cost of ACAMS certification exam fees.
  4. Networking and Professional Development Opportunities: Scholarship awardees will engage with CIMA and ACAMS experts during the bootcamp week, fostering valuable industry connections and invaluable career advice.

Eligibility Requirements

Qualified Caymanian Candidates: Potential candidates should meet one of the following conditions:

  1. Industry Professionals: active members of the local financial services industry in the private sector.
  2. University Students: completion of their final year at a local university/college with an intent to join the financial services industry.

Preferred Qualities: Preference will be given to prospects who demonstrate a strong interest in AML, financial crime prevention, and regulatory compliance. Additionally, candidates with exceptional leadership abilities, academic success, and a dedication to continuous learning and development will be prioritized.

Applying for the Scholarship

Aspirants must submit the following documents to contactpublicrelations@cima.ky by April 28, 2024:

  1. Proof of Caymanian heritage.
  2. A 90-second video outlining “Why I’m deserve this opportunity?”.
  3. A well-detailed resume highlighting their academic background and professional achievements to date.

Take Action

Don’t miss this opportunity to accelerate your career in the financial services sector and contribute significantly to the Cayman Islands’ robust and resilient financial sector! Stay informed by registering for CIMA’s E-alerts for the latest media releases, industry trends, and insights.