The Cayman Islands Financial Services Institute (FSI) is pleased to host this Seminar on the new Defence Against Money Laundering (DAML) Regime, bringing together key stakeholders from the financial services sector to discuss one of the most significant recent developments in the jurisdiction’s anti-money laundering framework. With the introduction of the DAML regime under the Proceeds of Crime Act, professionals across the entire Cayman Islands financial services sector including compliance professionals, must understand the new reporting obligations and their impact on existing procedures and operations.

This seminar will provide an in-depth overview of the new regime, with a keynote presentation from the director of the Financial Reporting Authority (FRA), who will outline the rationale, compliance expectations, and operational considerations associated with DAML requests as well as presentation from a legal expert of the legal risks and implications. Following these presentations, a panel of industry experts will explore practical implications, challenges, and best practices for adapting to this regulatory change. Attendees will also have the opportunity to engage directly with experts during an open Q&A session.

Whether you are a compliance officer, other professional working in the financial services provider, or a regulator, this event will offer essential insights into this key change in the AML landscape in the Cayman Islands.