If you are licensed under the Securities and Investment Bill (SIBL) in the Cayman Islands, or you are registered as an Excluded Person under SIBL, you can be forgiven for either thinking that much of the anti-money laundering framework doesn’t seem to apply to your business, or being confused about what you need to do to ensure you are fully compliant.Read More
Following the Cayman Islands Monetary Authorities (CIMA’s) recent clarification on the various compliance roles of investment vehicles and other entities, local financial services training company, FTS, has announced it will be hosting a seminar on the roles of MLRO, AMLCO & Deputy MLROs for compliance professionals, CEOs and fun directors.Read More
The UK parliament recently advanced legislation which will require some of its Overseas Territories to implement a public beneficial ownership registry by 2020 or face the prospect of the UK forcing them to do so via its reserve powers. There are several issues with this nuclear action which suggest many reasonable parliamentarians were ‘out to lunch’ when the vote was taken. Here are a few:Read More
CIMA has recently clarified that it expects ‘natural persons’ to be appointed to the positions of MLRO, DMLRO and AMLCO to all financial services businesses, including investment funds.Read More
As the financial services industry looks to implement changes in their procedures to comply with the revised Anti-Money Laundering Regulations which came into effect earlier this month, a new seminar aims to quickly bring all professionals up to speed on the changes.Read More
There are several key amendments to the Anti-Money Laundering Regulations (2017), which came into effect in the Cayman Islands on October 2nd. Two of the key changes are summarized below:Read More
A unique seminar is aimed at helping local financial services firms carry out their own ‘compliance health check’ will be held at the Grand Cayman Marriott Beach Resort on September 11th.
The seminar will be delivered by experts from PwC in partnership with FTS, a local management consulting and training services firm.
Presentations will be made by PwC Partner Robert Stanier who will be joined by other speakers and panellists which will include; Mr. Don Ebanks from DMS, and Mr. Peter Colegate from Appleby.Read More
A unique seminar aimed at helping local insurance firms prepare for regulatory inspections from CIMA will be held at Willow House, Cricket Square, on July 11th, 2017.
The seminar which is being organised by local management consulting and training company FTS, will feature CIMA’s Deputy Head of Insurance Mr Raz Busari as well as FTS Director Paul Byles.Read More
The Cayman Islands financial services industry offers many great career opportunities for Caymanians. The industry currently employs around 4,000 Caymanians. But in a country where financial services makes up more than half of the country’s GDP, and half of all government revenues, we can encourage even greater participation within the sector by increasing exposure to the many types of services and career opportunities in the sector.Read More
A new seminar series is being launched to give participants insights into the working of the country’s financial services industry.
The two part seminar is being organized by FTS, a local consulting company, and brings together experts from the financial services industry who will introduce several industry areas including banking, trusts, hedge funds and captive insurance, among others.
“It’s the perfect first step to learning more about the various financial services, how they work and why clients use them”, Paul Byles, Director of FTS, said.Read More