financial services institute
About the Seminar
The half day seminar by the Financial Services Institute (FSI) is designed to help CEOs, board members and Compliance staff with preparing and undergoing an onsite inspection by the Cayman Islands Monetary Authority.
Seminar details
Date: Thursday, 2 May 2024
Time: 8:30am – 12:30pm
Venue: Kimpton Seafire Resort & Spa
Cost: US$488/ KYD$400
What’s on the agenda?
| Time | Description | Speaker |
|---|---|---|
| 8:30am | Registration | |
| 9:00am | Welcome Remarks | Paul Byles, Director, FTS |
| 9:05am | Key trends & findings from Onsite Inspections | Razaak Busari, Head of Onsite Inspections Unit, CIMA & Stephanie Azan, Deputy Head, Onsite Inspection Unit, CIMA |
| 9:35am | Key Do’s & Don’ts in your inspection preparation | Paul Byles, Director, FTS |
| 10:05am | COFFEE BREAK | |
| 10:20am | AML/CFT Inspections Overview | Abubakar Nyanzi, Deputy Head, AML Division, CIMA |
| 10:50am | Addressing your findings | Scott Blench, Senior Manager, AML Advisory, Grant Thornton Cayman Islands & Dara Keogh, Managing Partner, Grant Thornton Cayman Islands |
| 11:20am | Legal Implications: Assessing legal risks and addressing them | Róisín Liddy-Murphy, Partner and Head of Regulatory & Risk Advisory, Cayman Islands, Conyers |
| 11:50am | Q&A Panel Discussion | All speakers |
| 12:30pm | Wrap up and closing |
Topics covered
- Role of Senior Managers and Board members during an inspection
- Role of the Compliance Officers during an inspection
- How to prepare for the inspection
- Typical documentation requests and how to prepare for them
- Having an effective opening meeting with CIMA
- Key do’s and don’ts during the inspection
- The write up period
- Draft Findings meeting and report
- The Closing meeting
- Addressing your inspection findings
- Maintaining an effective relationship with the regulator
