THE BAHAMAS INSTITUTEOF FINANCIAL SERVICES
"Keeping Financial Services Education Relevant to Industry Needs"
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COURSE DESCRIPTION
This advanced course is specifically designed to assist trust practitioners and financial services professionals in developing detailed knowledge and practical understanding of complex trust issues and concepts involving parties to a trust, special trust assets, trust management, trust accounting, asset protection, forced heirship, anti-money laundering and compliance, and modern developments in trust law.
Course Objectives
Upon completion of the course, participants should be able to:
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Develop a practical understanding and analysis of complex trust concepts and issues involving Bahamian trusts.
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Gain detailed knowledge of trust administration and management as they relate to parties to a Trust and special trust assets.
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Integrate company law and accounting principles into the administration of Bahamian trusts.
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Analyze principles and issues relating to anti-money laundering and compliance for trust administration and management.
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Discuss modern developments in trust law and administration.
Course Syllabus
Unit 1 - Duty of Confidentiality
Unit 2- Trust Documentation and Communications
Unit 3 - Trustee Committee and Trustee Discretionary Powers
Unit 4- Trust Policies and Procedures
Unit 5 - Protector and Power Holder
Unit 6 - Trust Investments
Unit 7 - Trust Accounting
Unit 8 - Special Assets and Underlying Companies
Unit 9 - Forced Heirship and Asset Protection
Unit 10- Private Trust Companies, Purpose Trusts, and Charitable Trusts
Unit 11- Anti-Money Laundering and Countering Terrorist Financing
Unit 12- Modern Developments in Trust Law and Administration
Course Assessment
Participants in the course will be assessed by 2 three-hour examinations. The passing mark for the examination is 70%.
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Duration: 11 Weeks (22 classes)
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Days: Thursdays and Saturdays
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Time: 6:30 p.m. - 9:30 p.m. | 9:30 a.m. - 12:00 p.m.
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Learning Platform: Zoom
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Fee: $3,200 (members) and $3, 600 (non-members) + Registration $50.00
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Payment Plans are available
ACCREDITATION
The National Accreditation and Equivalency Council (NAECOB) is a statutory body established under the National Accreditation and Equivalency Council ACT of The Bahamas on the 4th of October, 2006; assented on 29th of December, 2006 and came into force 28th February, 2007. NAECOB is responsible for registering and accrediting primary schools, secondary schools, post-secondary schools, and any institution that offers training in The Bahamas. The National Accreditation and Equivalency Council of The Bahamas began operation in 2016.