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  • Anti-Money Laundering & Financial Crime Prevention Virtual Conference: An In-Depth Review of the Key Risks

Anti-Money Laundering & Financial Crime Prevention Virtual Conference: An In-Depth Review of the Key Risks

Date: 20 October 2021
Time: 10:30 - 14:00

Virtual
Cayman Islands  

Shayenne Rock
Email
  • 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 minutes 

AML and Financial Crime post COVID-19 a Caribbean Perspective 

45 minutes 
Break  10 minutes 
 Workshops A-D 90 minutes
Break  10 minutes 
Discussion Panel 40 minutes 
Closing Remarks 5 minutes 

 

Workshop 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) 

 

 

 

Speaker:

Names  Titles 
Damon Greber  Director, Risk Advisory Services (HOST)
Simon Martin Director, Regulatory Services
Richard Carty Director, Risk Advisory Services
Heidy Duarte 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 Services
Dan Burget Director, Forensic Investigations and Litigation Services (FILS)
Kimberly Smith Co-Founder, Compliance Management, SILO Compliance System
Angela Mele Director, Compliance Management, RiskPass AML+Compliance Ltd
Helen Hatton Consultant, Advisory
Jie Jiang AML Compliance Team Lead, Risk Advisory Services
Andrea St. Rose  Head of Tax Advisory 

FOR QUESTIONS OR CONCERNS CONTACT:

BDO Cayman Islands Risk Advisory Services Team email: [email protected]