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.