This training programme is designed to assist Board of Director members, CEOs and other Senior Management staff to have a better understanding of the anti-money laundering and counter-terrorist financing (AML/CTF) inherent risks and controls to enable them to assess information reported by the MLRO, Senior Management, and the Auditor, and exercise effective oversight over the AML/CTF programme. This one day symposium will tackle a mélange of detailed topics where participants will examine the legal and regulatory frame work in which they operate and manage.

Although directors and senior officers may not be involved in day-to-day compliance, they need to understand the statutory duties placed upon them, their staff, and the entity itself.

Course Modules

• Module One: Introduction
• Module Two: Money Laundering
• Module Three: Terrorist Financing
• Module Four: Managing Risk & Compliance Controls
• Module Five: The Players

Course Objectives

- Module One: Introduction - Overall Course Objectives

• Provide a brief history about money laundering control in the Cayman Islands;
• Identify the main components of a Compliance Regime;
• Define money laundering and terrorist financing;
• Identify the criminal elements commonly involved in money laundering and terrorist financing and the Caymanian organizations involved in our national fight on money laundering and terrorist financing;
• Understand risk and compliance management controls; and
• Identify Board oversight responsibilities and steps that Board Members should take to monitor anti-money-laundering/counter terrorist financing compliance.

- Module Two: Money Laundering

• Define money laundering;
• Explain the three stages associated with money laundering; and
• Identify the criminal elements commonly involved in money laundering.

- Module Three: Terrorist Financing

• Define terrorist financing;
• Identify the main sources of terrorist financing; and
• Identify the main differences between terrorists and criminals.

- Module Four: Managing Risk & Compliance Controls

• Describe the oversight of the AML/CTF programme by the Board of Directors to ensure AML/CTF processes are in place; and
• Identify the main aspects of a risk-based approach.

- Module Five: Critical Update on AML Regulatory Changes 

• Understanding your requirements under recently revised AML Laws.
• Determining your obligations under new international AML/CTF and CTF regulations.
• Preparing your institution for the upcoming revisions to the FATF 40+9 guidance notes.
• Establishing money laundering controls that meet international standards.

Who should attend?
Board of Directors members, CEOs, CFOs, Other Senior Management personnel.

COST

$150 (Members)
$225 (Future Members)

CANCELLATION POLICY:

CANCELLATIONS MUST BE RECEIVED IN WRITING 72 HOURS PRIOR TO THE COURSE IN ORDER TO OBTAIN A REFUND. NO SHOWS WILL BE CHARGED THE FULL AMOUNT

PARKING

Parking is available in any VISITOR designated parking space.

INSTRUCTOR

CLICK HERE for a biography of our instructor, Mr. Gregg Anderson