The Cayman Islands Monetary Authority (CIMA) is responsible for the licensing, regulation and supervision of the Cayman Islands’ financial industry, which includes banks, trust companies, mutual funds, insurance companies, money service businesses (MSBs), and corporate service providers. In May 2008, The Proceeds of Criminal Conduct Law and The Money Laundering Regulations were passed. They provide identification procedures, recordkeeping guidelines, and the need to report evidence of money laundering as a result of terrorist financing and other offenses.
Focus on AML for the Cayman Islands, from Edcomm Banker’s Academy, teaches bank employees about AML laws in the Cayman Islands and familiarizes them with their company’s own policies and procedures. Through this interactive course, students learn everything they need to know to detect and prevent money laundering. Beginning with an overview of AML, the program goes on to cover international money laundering, money laundering in the Cayman Islands and how to prevent, detect and report money laundering. Focus on AML for the Cayman Islands can be customized to meet the needs of every Bank, Credit Union or Money Services Business (MSB). Each course is regularly updated to include changing laws and policies.
For more information about multilingual, multicultural training programs, or to find out how The Edcomm Group Banker’s Academy can customize any training program in any language, for any country, log onto www.bankersacademy.com or call +1.212.631.9400.
The Edcomm Group Banker’s Academy is a 23-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share - providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, online bank training and classroom instruction, multimedia production and online and print based documentation. Edcomm Banker's Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).
The Edcomm Group Banker's Academy (www.bankersacademy.com)
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza, Suite 1010
New York, NY 10001, USA