EVENT AND OTHER PRESENTATIONS

The BVIACO 2019 Conference has brought a number of International Keynote Speakers from across the region as well as Local Speakers to provide the opportunity for meaningful discussion on new legislation, international best practises. Here is a carefully chosen topics presented by Calvin Wilson, Calvin Wilson & Associates:

he BVIACO 2019 Conference has brought a number of International Keynote Speakers from across the region as well as Local Speakers to provide the opportunity for meaningful discussion on new legislation, international best practises. Here is a carefully chosen topics presented by Mr. Ken Baker, Deputy Managing Director, BVI FSC:

Introduction to funds and fund administration. Fund Compliance. Recent Legislative AML Amendments.

The basics and best practices regarding compliance with AML/CFT requirements

Ten tips for Navigating the Compliance Function

Statutory Requirement to Maintain Manuals. Key Elements of the Compliance Manual.

The Mutual Evaluation (MEVAL)Process. CFATF 4thRound Experiences. Getting prepared for your Mutual Evaluation. Other topic: De-risking

Review AML Risk Based Approach Requirements. Conducting a customer and entity level risk – includes walk- through examples of AML Risk Based Assessments.

The methods used to launder proceeds of criminal activities and finance illicit activities are in constant evolution. Criminals can be very creative in finding and developing ways to launder the proceeds of crime. Traditional methods include smurfing, the use of currency exchanges, wire transfers, mules/cash smugglers, investing in high value goods and the use of shell companies.

Why do we have financial sanctions? Who are involved in making and implementing sanctions? Types of financial sanctions. Regulatory obligations. Licences granted by the Governor. Sanction screening.