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.

in partnership with

in partnership with

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
10:20am 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


Stephanie Azan
Stephanie AzanDeputy Head, Onsite Inspections Unit, CIMA
Scott Blench
Scott BlenchSenior Manager, AML Advisory, Grant Thornton Cayman Islands
Razaak Busari
Razaak BusariHead, Onsite Inspections Unit, CIMA
Paul Byles
Paul BylesDirector, FTS
Dara Keogh
Dara KeoghManaging Partner, Grant Thornton Cayman Islands
Abubakar Nyanzi
Abubakar NyanziDeputy Head, AML Division, CIMA
Róisín Liddy-Murphy
Róisín Liddy-MurphyPartner and Head of Regulatory & Risk Advisory, Conyers Cayman Islands

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