Strengthening Standards Across CIREBA: AML Training Sessions

Earlier this month, CIREBA ran a series of AML training sessions at the CIREBA offices for brokers, AMLCOs (Anti-Money Laundering Compliance Officer) and MLROs (Money Laundering Reporting Officer).

Held on March 5th, 6th and 17th, the focus for these three session was on sharpening practical AML skills. The objective was to actually show how AML can appear in day-to-day real estate transactions in the Cayman Islands

The format was designed to be interactive, a short presentation set the context, and was followed by an open discussion. The real-life scenarios and real questions provided atendees with an opportunity to sense-check how they’re handling compliance in their own businesses. 

Certificates of Attendance were issued after each session.

What was covered

Content was tailored to how CIREBA members actually operate, including:

• AMLCO and MLRO roles and responsibilities
• Customer Due Diligence (CDD) and working through real checklists
• CIREBA-specific requirements
• Source of Funds (SOF) — what’s acceptable and what isn’t
• When simplified due diligence applies vs when enhanced is needed
• Database screening and ongoing monitoring
• Spotting and reporting suspicious activity

In reality, not everything is always black and white and knowing when something doesn’t sit right, and what to do next, is a big part of the Anti-Money Laundering Compliance Officer and Money Laundering Reporting Officer roles.

Why this matters

AML isn’t just a regulatory requirement, it underpins trust in the Cayman Islands real estate market.

Regular training keeps standards aligned across CIREBA members and helps ensure everyone is applying the rules consistently in practice.