The Cayman Islands Financial Services Institute (FSI) has announced the return of its highly anticipated half-day seminar, 'Preparing for an Onsite Inspection from CIMA', on 5 May 2026 at Hotel Indigo, Grand Cayman.
Now in its sixth edition, the seminar has been offered every two years for the past decade and has established itself as one of the FSI's most well-attended training events. It is designed to equip CEOs, board members and compliance officers with the practical knowledge and confidence needed to prepare for, undergo and respond to an onsite
inspection by the Cayman Islands Monetary Authority (CIMA).
The programme brings together senior CIMA officials and leading industry practitioners to provide attendees with a comprehensive understanding of the regulatory inspection process from both the regulator's perspective and that of the professionals who advise firms through it.
Stephanie Azan, Head of CIMA's Onsite Inspection Unit, will open the sessions with an overview of key trends and findings from prudential onsite inspections. Roisin Liddy Murphy, Partner at Conyers, will address legal and governance risks, while Dara Keough, Managing Partner at Grant Thornton, and Scott Blench, Senior Manager of AML Advisory at Grant Thornton, will examine the role of internal audit and internal risk assessment. Abubakar Nyanzi, Deputy Head of CIMA's AML Division, will provide an overview of AML/CFT inspections. Joining the panel discussions will be Sandra Edun-Watler, Co-chair of the newly established ACAMS Cayman chapter.
The seminar will conclude with a panel discussion and Q&A session featuring all speakers, giving attendees the opportunity to raise specific questions and explore practical scenarios.
Topics covered include the role of senior managers and board members during an inspection, the role of compliance officers, how to prepare for the inspection, typical documentation requests and how to address them, key do's and don'ts, and how to respond to inspection findings.
FSI Director Paul Byles said: "An onsite inspection from CIMA is one of the most consequential regulatory events a firm will face, and the firms that manage the process well are invariably those that have invested in preparation. This seminar gives senior leaders and compliance professionals direct access to the regulators who conduct these inspections and the industry experts who help firms navigate them. It is as close to a must-attend event as exists in our compliance training calendar."
The year's seminar is sponsored by Cayman Finance, Grant Thornton, Conyers and the ACAMS Cayman Islands chapter.
Registration opens at 8:30am, with proceedings running from 9:00am to 12:00pm.
For more information and to register for the seminar, visit the FSI website at www.caymanfsi.ky/seminars.