Financial Institutions in Cayman Islands Must Meet Compliance Training Requirements

The financial services industry in the Cayman Islands has recently been subject to a new regulatory requirement, mandating that staff and directors of financial institutions receive training on the risks of money laundering, terrorist financing, proliferation financing, and targeted financial sanctions. This training is designed to equip professionals with the necessary knowledge to identify and mitigate these risks.

Complying with the Requirement

To help financial institutions comply with this requirement, Ogier has developed an online training service specifically tailored for the Cayman Islands market. The program is:

• User-friendly
• Concise
• Covers all aspects of the investment management sector, including key elements such as case studies and relevant laws and regulations

Training Program Details

The training can be completed at the participant’s own pace on a secure online platform, taking approximately under an hour to complete. Upon completion, participants will receive compliance certification after passing a short assessment.

Who is the Training Designed For?

The program is designed to cater to all levels of staff, from investment fund directors to fund administration staff, ensuring that everyone in the organization is equipped with the necessary knowledge and skills to meet their training obligations under the Cayman Anti-Money Laundering (AML) regulations.

Key Features of the Ogier AML Training Program

• Relevant case studies
• Key elements of the investment management sector highlighted
• Regular updates to reflect the latest developments in the field
• Easy-to-use online platform for completion at your own pace
• Compliance certification upon successful completion

Contact Information

For more information on the Ogier AML Training Program, please contact AML.Training@Ogier.com.