The Course

Summary

Advanced Financial Training Week has been organised to help the Cayman Islands’ financial services industry enhance competitiveness, prepare for imminent legislative changes and develop practical strategies and plans to mitigate against a broad spectrum of risks, from operational to reputational.

The course, which is being organised by International Financial Crime Prevention & Compliance Training (IFCCT) and supported by the Cayman Islands Financial Services Association (CIFSA) takes place at a crucial juncture. Since IFCCT was last in the Cayman Islands to present its regional programme for The Caribbean and The Americas in 2007, the global financial system has been shaken by a series of high profile incidents, many of them closely related to the unprecedented market turbulence currently being experienced.

In light of these circumstances, the financial services industry must enter into a period of strategic review. The need to do so is exacerbated by the fact that a range of far reaching supervisory and legislative changes, many of which were already on the horizon, are being expedited. Others are being planned. All will have a significant bearing for organisations within or linked to the Cayman Islands financial services industry.

Accordingly, Advanced Financial Training Week will afford private and public sector professionals an essential opportunity to receive timely, expert guidance from a world renowned faculty of experts, regulators and peers.

Utilising a risk based approach, the course will address, in a day-by-day drill down format, issues specific to three of the Caymans’ principal industry sectors: hedge funds, trusts and banking. In addition, subjects with a common bearing will fall under the spotlight.

The course’s dynamic and interactive format is designed to allow detailed and specific working problems to be addressed and delegates’ questions to be effectively answered with the appropriate technical knowledge and advice. The expertise delegates acquire on the course will significantly increase their and their organisations’ abilities to plan for legal and regulatory changes and anticipate organisational threats. Improved understanding of the strategic considerations, resulting in the improvement of internal systems, will help organisations to become more robust in resisting persistent external and internal threats, maintain their integrity and preserve their reputations.

IFCCT footnote

IFCCT courses enjoy the close backing and endorsement of major international organisations and institutions, such as the FATF, World Bank, OECD, Council of Europe, European Commission, FBI, FSA, Interpol and US Federal Reserve. IFCCT’s hugely popular winning formula utilises the unparalleled expertise inherent in such organisations and combines it with that of their regional and domestic counterparts to provide a unique advanced learning and interactive experience.

IFCCT’s systematic, intensive, risk-based approach, is predicated on imparting a more comprehensive understanding of the main areas of organisational vulnerability. Designed to improve operational performance, provide practical solutions and significantly improve the internal prevention and detection systems as well as being internationally compliant.