The course summarises the main provisions of the Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands 2017 and Guidance Notes Amendments 2018. It also covers the procedures and controls in relevant operational areas to comply with the regulatory requirements.
Hong Kong asset management industry has tendency to incorporate funds in Cayman Islands. After completion of the course, participants will be able to understand and comply with the regulatory requirements of the Cayman Islands Monetary Authority.
1. What is money laundering and terrorist financing?
2. Overview of the AMLR and related Guidance Notes in Cayman Islands
3. Effective management and internal controls
4. Risk assessment of customers
5. Identification and verification requirement (Cayman Islands)
6. Certification of documents
7. Simplified due diligence and enhanced due diligence
8. High risk customers
10. Reliance on third parties
11. Customer reviews and monitoring
12. Record keeping
13. Reporting of suspicious activities (Cayman Islands)
15. Warning signs to mutual funds (Cayman Islands)
Who Should Attend
Fund managers, asset managers and anyone who would like to have a better understanding of the AML/CFT practice in the Cayman Islands.
Instructor / Speaker
Ms Lam graduated from University of Manchester Institute of Science and Technology. She then attained Master in Finance from the City University of Hong Kong and Master in Human Resource Management and Training from the University of Leicester. She is a Certified Financial Planner®, an Associate of the Chartered Institute of Bankers and a Certified Banker. She gained the Professional Certificate for ECF Anti-Money Laundering and Counter-Financing of Terrorism in 2020.