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.
What’s on the agenda?
| Description |
|---|
| 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 |
Pre-register for the course now
Complete the form to pre-register for the next available course.
