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  • Anti Money Laundering & Financial Crime

    An Indepth Review of Key Risk
    A Virtual Caribbean Conference

Anti Money Laundering & Financial Crime

Date: 20 October 2021
Time: 09:00 - 13:00
Virtual conference
23 Lime Tree Bay Avenue
Grand Cayman   KY1 1205
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  • Summary

Join the Event from Wherever You Are

There will be 3 CPD credit hours offered for attending this conference

This conference aims to provide a comprehensive review into the Caribbean AML landscape:

During our May 2021 AML webinar events, we discussed at high level Where We Are & Next Steps and The Impact of Technology on AML Compliance based on some of key risk drivers in the region.

What makes AML a challenge for many businesses today is the complexity of data, technology (Artificial Intelligence and Machine Learning Algorithms), detailed workflows, and significant human involvement. During this Conference, we aim to provide a deep dive into critical areas where important issues are identified and where the volume of investigations are focused on most AML processes:

  1. Risk Assessment Approach - threat tiers based on the evaluation of the risk they pose plus due diligence process.
  2. Policy Management - develop and implement internal guidelines regarding ML/TF risks and maintain regulatory compliance.
  3. Country Risk Assessment - models developed by BDO, including the World Bank and International Monetary Fund (IMF), the FATF guidance and views expressed in consultation with key stakeholders of the Eastern Caribbean's AML/CFT regime.
  4. Source of Wealth/Funds – factors determining the legitimacy of a client's source of funds and source of wealth.
  5. China Challenges – Specific AML risks and concerns when dealing with Chinese clients.
  6. Combatting Human Trafficking and Trade-Based Money Laundering (TBML) across the Caribbean.
  7. AML System Verification, Validation & Monitoring
  8. Cyber Security & Data Privacy
  9. Assessing AML Technology (Auditing)

 

Event Schedule:

Start time: 9:30 am (EST)

Opening and Introduction

10 mins 

AML and Financial Crime post COVID-19  a Caribbean Perspective 

45 mins 

Break 

 10 mins

 Workshops A-D

 90 mins

 Break

 10 mins

 Discussion Panel

 40 mins

 Closing Remarks

 5 mins

 

 

Workshops A-D

Speakers

Workshop

Subject areas

Heidy Duarte 

John F. Tobon

A

China Challenges – Specific risks when dealing with Chinese clients.

Combatting Human Trafficking and TBML across the Caribbean.

Kimberly Smith 

Angela Mele

B

Policy Management - develop and implement internal guidelines regarding ML/TF risks and maintain regulatory compliance.

Source of Wealth/Funds – factors determining the legitimacy of a client's source of funds and source of wealth.

Simon Martin

Marilu Jimenez

C

Risk Assessment Approach - threat tiers based on evaluating the risk they pose + due diligence process.

Country Risk assessment - models developed by BDO, including the World Bank and IMF, the FATF guidance and views expressed in consultation with key stakeholders of the Eastern Caribbean's AML/CFT regime.

Daniel Burget

Jorge Santiago-Escobar

Richard Carty

D

AML System verification, validation & monitoring

Cyber Security & data privacy

Assessing AML Technology (Auditing)

 

Speakers

Names Titles
Damon Gerber Director, Risk Advisory Services (HOST)
Simon Martin Director, Regulatory Services
Richard Carty Director, Risk Advisory Services
Heidy Durante Director, Advisory, Forensic Investigations and Litigation Services
Marilu Jimenez President FincAdvisor
John F. Tobon Special Agent in Charge Home Land Security & Investigations
Jorge Santiago-Escobar Director, Risk Advisory Sevices
Dan Burget  Director, Forensic Investigations and Litigation Services (FILS)
Kimberly Smith Co-Founder, Compliance Management, SILO Compliance system
Angela Mele Director, Compliance Management, Risk Pass AML+Compliance Ltd
Helen Hatton Consultant, Advisory
Jie Jiang Project Manager, Risk Advisory Services 
Andrea St. Rose Head of Tax and Advisory