Compliance, Legislative & Regulatory Standards

[Webinar] AML/CFT in the Cayman Islands Regime

Overview

The course summarises the main provisions in the Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation Financing in the Cayman Islands. It also covers the procedures and controls in relevant operational areas to comply with the regulatory requirements.

Objective

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.

Content Highlight

1. What is money laundering, terrorist financing and proliferation financing?
2. Overview of the Cayman Islands AML legislative and regulatory framework
3. Effective management and internal controls
4. Risk based approach
5. Identification and verification requirements
6. Certification of documents
7. Enhanced due diligence and simplified due diligence
8. Politically exposed persons
9. Sanctions
10. Delegating / Outsourcing
11. Reviews and monitoring
12. Record keeping
13. Reporting of suspicious activities
14. Training
15. Warning signs for mutual funds

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

Stella LAM

Dr Lam is both an experienced banker, and a seasoned trainer. Having gained a decade of experience in consumer banking and branch management at an international leading bank, she made a shift to the learning and development field - she was a university teaching staff, and she led the personal banking training department in different banks. She is now an independent consultant to various financial institutions.

Dr Lam was awarded the Doctor of Business Administration by Swiss Business School. Before that she attained Master in Finance from the City University of Hong Kong and Master in Human Resource Management and Training from the University of Leicester. Her first degree was with the University of Manchester Institute of Science and Technology.

As for professional attainment, she is an Associate of the Chartered Institute of Bankers and a Certified Banker. She also gained the CFPCM Examination Certificate and the Professional Certificate for ECF Anti-Money Laundering and Counter-Financing of Terrorism.

Administrative Details

Code
TPRCR24009405
Date & Time
Thursday, 30 May 2024 (06:30 PM - 09:00 PM)
Venue
Virtual Platform
Relevant Subject
Type 9 - Asset management
Regulatory Compliance
Language
Trad. Chi / Cantonese
Hours
SFC:2.50, PWMA:2.50
Fees
All Member: HKD575
Non-Member: HKD1,150
Staff of Corporate Member: HKD575
Student Member (UHKSI): HKD275
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