Financial Crime World

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Cayman Islands Financial Institutions Must Stay Compliant with Harneys’ E-Training Solutions

The Cayman Islands Monetary Authority (CIMA) and the Financial Services Commission (FSC) have made it mandatory for financial service providers (FSPs) conducting relevant financial business to comply with anti-money laundering (AML), counter-terrorism financing, and sanctions regulations. To help these institutions meet their compliance requirements, Harneys has launched an e-training portal offering bespoke courses designed by compliance specialists.

Staying Compliant in the Cayman Islands

The platform provides a suite of comprehensive and educational training programs covering AML, counter-terrorism financing, proliferation financing, sanctions, and directorship duties. The courses are available online and can be completed at the user’s own pace, making it convenient for busy professionals to stay up-to-date with their regulatory requirements.

Courses Available on Harneys’ E-Training Portal

The e-training portal offers three courses specifically designed for financial institutions operating in the Cayman Islands:

  • AML and Counter-Terrorism Financing Training: This 45-minute course is designed to educate employees on their AML obligations in the Cayman Islands and avoid enforceable penalties for non-compliance. The course is priced at US$350.
  • International Sanctions Training: This 30-minute course provides an in-depth understanding of the current international sanctions environment, making it easy for users to comprehend this complex area. The course is priced at US$150.
  • Directors’ Duties Training (BVI Perspective): This 30-minute course offers a comprehensive overview of a director’s fiduciary duty owed to a BVI company, covering duties under BVI law and common law. The course is priced at US$250.

Benefits of Harneys’ E-Training Solutions

“We understand the importance of compliance for financial institutions operating in the Cayman Islands,” said a Harneys spokesperson. “Our e-training solutions are designed to provide users with a comprehensive understanding of their AML obligations and other regulatory requirements, ensuring that they stay compliant and avoid penalties.”

Register Now

For more information on Harneys’ e-training solutions or to register for one of the courses, please visit [website URL].