Financial Crime World

Compliance Training for Banks in Cayman Islands: Essential Programmes by FSI

Introduction

The Financial Services Institute (FSI) has launched a range of compliance training programmes specifically designed for banks and financial institutions operating in the Cayman Islands. These programmes aim to ensure that professionals working in compliance and risk management roles have the necessary knowledge and skills to meet regulatory requirements.

Programme Offerings

Diplomas

  • International Financial Services Diploma (IFSD): a one-year diploma offered in partnership with accredited universities, providing a comprehensive introduction to international financial services and its regulation, with a particular emphasis on the Cayman Islands.
  • Cayman Compliance Diploma (CCD): a one-year diploma also offered in partnership with accredited universities, focusing on compliance and risk management in the Cayman Islands.

Online Course Modules

  • Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Training: online courses available in a webinar format, accredited by the Association of Certified Financial Crime Specialists, and meeting ongoing AML/CFT training requirements for regulatory, professional, or personal development purposes.

In-Person Seminars

  • ESG Training: seminars on Environmental, Social, and Governance topics.
  • Regulatory Inspection Preparation: workshops to prepare professionals for regulatory inspections.
  • Introductory Courses: courses covering insurance management, investment funds, trusts, and banking.

Benefits and Opportunities

By providing professionals with the necessary knowledge and skills, FSI’s compliance training programmes aim to promote excellence, integrity, and compliance within the financial services sector in the Cayman Islands. This can lead to improved career opportunities for Caymanians and residents working in compliance and risk management roles.

Staying Up-to-Date

To stay informed about the latest news and developments from FSI, subscribe to their newsletter or visit their website at [insert website URL].