Compliance, Legislative & Regulatory Standards
[Webinar] AML/CFT in the Cayman Islands Regime
(This webinar will be delivered in Cantonese and via Zoom)
Overview
The course summarises the main provisions in the Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation Financing in the Cayman Islands. It also covers the procedures and controls in relevant operational areas to comply with the regulatory requirements.
Objective
Hong Kong asset management industry has tendency to incorporate funds in Cayman Islands. After completion of the course, participants will be able to understand and comply with the regulatory requirements of the Cayman Islands Monetary Authority.
Content
1. What is money laundering, terrorist financing and proliferation financing?
2. Overview of the Cayman Islands AML legislative and regulatory framework
3. Effective management and internal controls
4. Risk based approach
5. Identification and verification requirements
6. Certification of documents
7. Enhanced due diligence and simplified due diligence
8. Politically exposed persons
9. Sanctions
10. Delegating / Outsourcing
11. Reviews and monitoring
12. Record keeping
13. Reporting of suspicious activities
14. Training
15. Warning signs for mutual funds
Who should attend
Fund managers, asset managers and anyone who would like to have a better understanding of the AML/CFT practice in the Cayman Islands.
Financial Incentive Scheme of the WAM Pilot Programme
This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).
Speaker/Course Instructor
Dr Lam was awarded the Doctor of Business Administration by Swiss Business School. Before that she attained Master in Finance from the City University of Hong Kong and Master in Human Resource Management and Training from the University of Leicester. Her first degree was with the University of Manchester Institute of Science and Technology.
As for professional attainment, she is an Associate of the Chartered Institute of Bankers and a Certified Banker. She also gained the CFPCM Examination Certificate and the Professional Certificate for ECF Anti-Money Laundering and Counter-Financing of Terrorism.