financial services institute

About the Course

This course provides refresher training on money laundering, terrorist financing and proliferation financing and sanctions risks relating to the insurance sector in the Cayman Islands and how best to manage those risks. It covers the key findings of the National Risk Assessment (NRA) as it relates specifically to the insurance sector and addresses how to apply the risk based approach (RBA) in the various types of insurance businesses. Participants will also learn about the types of insurance products and the key due diligence requirements for clients and policyholders, as well as the various AML/CFT Red Flags specific to the insurance industry.

Participants who successfully complete the course will receive 2 continuing education credits (CE) equivalent to CPE credit requirements from the Association of Certified Financial Crime Specialists.

Course details

Date: TBD

Time: TBD


Cost: US$300

What’s on the agenda?

Global Standards
AML/CFT/PF Refresher
National Risk Assessment for the Insurance Sector
Overview of Insurance services
Risk Based Approach
Customer Due Diligence
When to use the various approaches to CDD
AML/CFT ‘Red Flags’ for the Insurance sector
Online multiple choice test

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Complete the form to pre-register for the next available course.

By pre-registering you are allowing FSI to record your interest and contact you with details of the date and time the next available course(s) will be delivered.

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