Barbados Regulation Examination study plan

Map the Barbados regulatory architecture by naming each principal regulator and matching it to the statute it administers

Summarise the core duties imposed on financial institutions under the anti-money laundering and counter-terrorist financing framework

Explain the risk-based approach and list the customer due diligence triggers covered in the AML/CTF material

Build a one-page glossary of regulatory acronyms and statutory terms for daily revision

Distinguish simplified, standard and enhanced due diligence and state when each applies

Describe record-keeping and reporting obligations, including suspicious activity reporting channels and timing

Outline the roles of the compliance officer, money laundering reporting officer and senior management

Identify common red flags across retail, corporate and correspondent relationships

Draft a short internal AML policy outline applying the risk-based approach to a sample client

Explain the licensing and ongoing obligations for securities market participants, including disclosure and conduct standards

Compare the supervisory expectations placed on banks versus securities firms in areas such as capital, governance and reporting

Describe the deposit-taking, prudential and reporting requirements that apply to licensed financial institutions

Summarise how capital adequacy and liquidity expectations are monitored and what happens on breach

Complete 30 practice questions across Domains 2 and 4 and log every error with its cause

Rehearse the full AML lifecycle from onboarding through exit using two worked case scenarios

Test recall of the regulatory framework by answering 25 mixed questions under timed conditions

Explain how the AML/CTF regime interacts with the broader regulatory framework, including supervisory cooperation

Identify personal weak spots and rank them by exam weighting

Describe the licensing, capital and conduct requirements that apply to insurers and insurance intermediaries

Explain the duties of trustees and fiduciaries, including the standards of care and conflicts management

Outline company administration obligations such as record-keeping, beneficial ownership transparency and filing duties

Distinguish the regulatory treatment of trust business from that of company formation and administration

Answer 20 practice questions on Domains 5 and 6 and correct every miss

Summarise conduct-of-business standards covering suitability, disclosure, fair treatment and complaints handling

Explain client money and client asset segregation rules and the controls that protect them

Outline the enforcement process from supervisory finding through disciplinary action, including appeal routes

List the types of sanctions and disciplinary measures available and the factors that influence their severity

Apply the enforcement framework to three short hypothetical breaches and justify the likely outcome

Revisit the highest-weight domain and close the top three weaknesses identified in Week 4

Run a 60-question mixed mock exam weighted to the official domain percentages

Review every incorrect answer and write the underlying rule in your own words

Re-time any section where you ran short of the clock

Consolidate the framework, conduct and enforcement domains through spaced-repetition review of notes and glossaries

Complete a second 60-question mock and compare the score with Week 7 to confirm improvement

Drill remaining weak areas with 20 targeted questions each

Rehearse key definitions and statutory duties aloud to confirm fluent recall