financial services institute

About the Course

This course provides an overview of the AML/CFT regulatory framework for Virtual Asset Service Providers (VASPs) in the Cayman Islands. It addresses how to manage AML risks within the virtual assets environment as well as how other service providers such as banks, attorneys, accountants and other institutions can effectively manage their AML risks when interacting with VASPs or dealing with virtual assets.

Participants will also learn about the various risks unique to virtual assets as well as the AML red flags to avoid within this new and fast evolving space.

Course details

Date: TBD

Time: TBD

Duration: 2 hours


Cost: US$300

What’s on the agenda?

Brief introduction to key definitions of Virtual Asset Service Providers
Types of activities covered under the VASPs Act
How criminals abuse virtual assets
Key compliance requirements for virtual assets in the Cayman Islands
Conducting due diligence for VASPs
Overview of key risk and processes: Production Orders, Batch File Transfers, Straight Through Processing & Cryptocurrencies
Transaction Monitoring
Reporting Suspicious activities
AML Red Flags for virtual assets and how to manage their risks
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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