AML & CFT Essentials for DNFBPs in the Cayman Islands

"Protect your business. Protect Cayman. This one-hour StudyAML course helps real estate agents, lawyers, accountants, jewellers, and other DNFBPs understand their AML and CFT duties under Cayman Islands law. Clear, practical, and locally focused, it’s the ideal foundation for professionals who want to stay compliant, avoid risk, and contribute to Cayman’s trusted reputation as a global financial centre."

60 minutes

Certificate Included

Cayman Islands

Description

This one-hour course introduces Designated Non-Financial Businesses and Professions (DNFBPs) in the Cayman Islands to their Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) obligations. Through simple, practical explanations and real-world Cayman examples, learners will gain the knowledge and confidence to recognize red flags, apply due diligence, and meet local legal requirements. Designed for busy professionals with little or no prior compliance experience, this course turns complex regulations into everyday best practice.

What will you learn?

Module 1 – Understanding AML & CFT
Learn what money laundering and terrorist financing mean, how they affect DNFBPs, and why compliance protects both your business and the Cayman Islands’ reputation.
Module 2 – DNFBPs and Cayman’s Legal Framework
Understand Cayman’s AML and CFT laws, the key regulators that oversee DNFBPs, and your responsibilities under the Proceeds of Crime Act, AML Regulations, and related legislation.
Module 3 – Customer Due Diligence (CDD) Made Simple
Discover how to verify clients, identify beneficial owners, and apply simplified, standard, or enhanced due diligence to manage risk effectively.
Module 4 – Recognising and Reporting Suspicious Activity
Explore how to identify suspicious behavior, when and how to file a Suspicious Activity Report (SAR) to the Financial Reporting Authority, and how to avoid tipping off clients.
Module 5 – Building a Culture of Compliance
Learn how leadership, communication, and good record-keeping help create a compliance culture where everyone understands their role in keeping Cayman’s financial system strong.

Course Content

Module 1 – Understanding AML & CFT
Module 2 – DNFBPs and Cayman’s Legal Framework
Module 3 – Customer Due Diligence (CDD) Made Simple
Module 4 – Recognising and Reporting Suspicious Activity
Module 5 – Building a Culture of Compliance