The Cayman Islands Financial Services Institute (FSI) today launched a series of online compliance training courses for Cayman Islands professionals worldwide.
The new suite of online short courses are designed to help both overseas and locally based directors and financial services professionals meet Cayman Islands regulatory training requirements.
The launch includes over 25 online courses covering key areas of training required by the Cayman Islands Monetary Authority (CIMA) and the Department of Commerce and Investment (DCI). The courses have been developed to provide practical, relevant guidance for professionals working across the financial services sector. The FSI expects to have 40 course available by the end of 2026.
Recognising Cayman’s presence as a global financial services centre, the FSI has also expanded the accessibility of its training by making several courses available in Spanish. Additional language versions, including Portuguese, Traditional Chinese and Simplified Chinese, and French will be introduced over the coming year.
The multilingual offering reflects the growing number of directors and other professionals based overseas who are required to undertake Cayman Islands-specific training as part of their regulatory obligations.
“There are thousands of professionals located in other countries that are working on Cayman islands financial services entities and who are directly subject to CIMA’s annual training requirements. We saw the need for courses that go beyond generic and focus on the Cayman Islands requirements. Therefore, we have developed courses that provide training on aspects of our regulatory framework or that are focused uniquely on specific CIMA rules, statements of guidance (SOGs) and statements of principles (SOPs)”. These can now be taken online globally via our new training portal”, explained Paul Byles, FSI director.
“By delivering these courses online and expanding the number of languages available, we are making it easier for directors and industry professionals around the world to access high-quality Cayman specific training whenever and wherever they need it.”
Byles said that regulators are increasingly focused on the quality and relevance of the training and that taking overly simplified or irrelevant training is no longer being accepted.
“Our experience shows that regulators are no longer accepting training that doesn’t suit the seniority of the person or does not have sufficient substance to be considered adequate training”, added Byles. “The days of offering for example, a 15 minute course online that outlines the ‘3 stages of money laundering’ as evidence of training are long over.”
Each of the new FSI courses course will also provide Continuing Professional Development (CPD) credits. The accreditation process with the relevant professional body is currently being finalised and is expected to be completed shortly, enabling participants to earn recognised CPD credits upon successful completion of their training.
Byles said the introduction of CPD accreditation further strengthens the integrity of Cayman’s financial services industry.
The addition of CPD credits means participants can fulfil multiple professional obligations through a single, accessible learning platform.
Professionals can complete the courses entirely online, allowing them to fit training around their existing professional commitments while ensuring they remain up to date with Cayman Islands regulatory expectations.
For more information on the FSI’s diploma programmes or scholarship opportunities, visit https://learn.caymanfsi.ky/courses or email us at admissions@caymanfsi.ky