Course curriculum

  • 1

    The Basics of Money Laundering, Terrorist Financing and Other Terms

    • Introduction

    • Contents

    • The Basics of Money Laundering, Terrorist Financing and Other Terms

    • Money Laundering

    • The 3 Stages of Money Laundering

    • The Impacts of Money Laundering

    • Terrorist Financing

    • The Costs of Terrorist Financing

    • Proliferation Financing

    • The Costs of Proliferation Financing

    • Cryptocurrency Considerations
  • 2

    Case Studies

    • Introduction

    • TD Bank hit with $3 Billion AML Penalty

    • TD Bank Continued

    • ISIS-K (ISKP) and Cryptocurrency

    • ISIS-K (ISKP) Part 2

    • ISIS-K (ISKP) Part 3

    • ByBit Cryptocurrency Heist

    • ByBit Cryptocurrency Heist Part 2

    • Iran-Linked Proliferation Financing via U.S. Dollar Wire Transfers

    • Iran-Linked Proliferation Financing via U.S. Dollar Wire Transfers Part 2
  • 3

    Legislative Framework And The Role of AML Officers And The Board

    • Introduction

    • The Cayman Islands AML/CTF Legislative And Regulatory Framework

    • AML/CFT/CPF Offences, Grounds, Fines And Imprisonment

    • Enforcement And Penalties

    • Roles In AML Compliance

    • Anti Money Laundering Compliance Officer (AMLCO)

    • Money Laundering Reporting Officer (MLRO) / Deputy MLRO (DMLRO)

    • The Board's Responsibility For AML/CFT/CPF Compliance
  • 4

    International Standards

    • Introduction

    • Financial Action Task Force (FATF) & Caribbean Financial Action Task Force (CFATF)

    • FATF High-Risk And Other Monitored Jurisdictions (As of June 2025)

    • Other International Standard Setters
  • 5

    The Risk Based Approach & AML Programme

    • Introduction

    • The Risk Based Approach (RBA)

    • AML Business Risk Assessment

    • Overview of AML Policies & Programme

    • Customer Due Diligence

    • Identification vs Verification

    • The Timing of Identification And Verification

    • Electronic, Know Your Customer (E-KYC)

    • Control And Ownership (AML)

    • Ultimate Beneficial Owners (UBO's)

    • Source of Funds VS Source of Wealth

    • Enhanced Due Diligence (EDD)

    • High Risk Scenarios

    • Politically Exposed Persons (PEP's)

    • Record Keeping Procedures

    • Geographic Risk

    • Employee Screening & Training

    • Subscriptions In Kind
  • 6

    Suspicious Transaction Reporting

    • Introduction

    • Suspicious Activity Reporting (SAR)

    • Reporting Requirements

    • Internal Procedures

    • Tipping Off Offence
  • 7

    Transaction Monitoring And Ongoing Monitoring

    • Introduction

    • Transaction Monitoring

    • Ongoing Monitoring And One-Off Transactions: AML/CFT Thresholds

    • Ongoing Monitoring of Transactions: General

    • KYC File Reviews
  • 8

    Targeted Financial Sanctions

    • Introduction

    • Targeted Financial Sanctions (TFS)

    • Risks For FSP's of Non-Compliance With TFS

    • Compliance With TFS: Continued
  • 9

    CIMA Correspondence

    • Introduction

    • Key CIMA AML/CFT/CPF Supervisory Circulars (2020-2025)
  • 10

    Legislative Changes And Some of The Latest Developments

    • Introduction

    • Some Recent News And Developments

    • BOT Act, 2023 And The AML Regime

    • BOT Act, 2023: Defined

    • The Virtual Asset (Service Providers) (Amendment) Act, 2024

    • Cayman Islands Annual AML Training

    • Thank You