Financial services professionals to be prepared for CIMA inspection

Financial services professionals to be prepared for CIMA inspection

July 28, 2021
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Following its successful execution of the Spectrum Financial Services Conference on July 22, Regulatory, economic and management consulting services firm, FTS is continuing its training series for professionals seeking to become compliant with the requirements of the Cayman Islands Monetary Authority (CIMA).

On August 25, FTS will provide CEOs, Directors and Compliance professionals with the tools to prepare for an onsite inspection from CIMA. The half day seminar, which takes place between 8:30am and 12pm is designed to provide advance support for an onsite inspection by the Cayman Islands’ financial services regulator.

Topics covered will include: The role of Senior Managers and Board members during an inspection, the role of Compliance Officers during an inspection, how to prepare for the inspection, typical documentation requests, and how to prepare documentation. The seminar will also advise attendees on how to have an effective opening meeting with CIMA and key do’s and don’ts during the inspection. Finally, FTS will cover the specifics of the write up period with a focus on the draft findings meeting and report, the closing meeting and development of the implementation plan.

This seminar follows FTS’ July 6 event, which offered AML training specific to the real estate and development sector and will feature regulatory experts from the industry as well as presenters from CIMA, and a Q&A panel. FTS Founder and Director, Paul Byles, who played a major role in designing the programme, is former Head of Policy at the Cayman Islands Monetary Authority.

The event takes place at the Marriott Beach Resort on August 25 from 8:30am to 12pm and costs $350. Those who are interested should contact andy@tower.com.ky