Bermuda Compliance Professionals Conference

May 7, 2018 | 1 Comment

Compliance professionals, and those new to regulatory compliance from across the business and non-profit sectors, are invited to attend the inaugural Bermuda Compliance Professionals Conference – taking place at the Hamilton Princess on Thursday, May 17th.

Hosted by Island Legal Outsourcing Solutions and the Ministry of Legal Affairs, this one-day conference will be opened by Attorney General and Minister of Legal Affairs, Senator Kathy Lightbourne-Simmons.

The lunch keynote address entitled “Legal Foundation of the Compliance Landscape” will be delivered by Professor Gilbert N. Morris from the Turks & Caicos Islands, with presentations to be made by the Chairman of the National Anti-Money Laundering Committee [NAMLC], Cheryl-Ann Lister and Anti-Money Laundering/Anti-Terrorist Financing Expert Stephen Platt of KYC Global Technologies.

Also on hand at the event will be various regulators and corporate governance leaders who will speak on key topics such as: cryptocurrency, the Personal Information Protection Act [PIPA], General Data Protection Regulation [GDPR], Foreign Account Tax Compliance Act [FATCA], Common Reporting Standard [CRS] and cyber risk as Bermuda prepares for the Caribbean Financial Action Task Force [CFATF] Mutual Evaluation Review in Autumn 2018.

Cheryl- Ann Lister, NAMLC Chair, said: “The upcoming CFATF review will assess how effectively Bermuda is combatting money laundering and the financing of terrorism and proliferation. This conference should help attendees to further their knowledge and understanding of these critical matters and in turn make Bermuda’s regime stronger.”

Event speaker Stephen Platt, of KYC Global Technologies states “Money laundering prevention has never been so critical or failure so expensive. Screening customers is a vital first and ongoing step in AML compliance. Many legacy screening systems used by industries utilise old technology and create operational difficulties such as excessive false positives.”

Mr. Platt will also be presenting a pre-conference bonus Lunch & Learn Session for those registered for the conference on Wednesday, May 16th at the Chamber of Commerce.

Entitled “The Challenges of Customer Screening and How to Overcome them using Risk Screening Batch technology”, this workshop will consider common customer screening challenges and examine next generation screening technologies and the benefits they can deliver. Space for the workshop is limited.

The Bermuda Compliance Professionals Conference is open to compliance professionals from all regulated [and soon to be regulated] sectors including those in financial services, legal & accounting firms, charities, real estate agencies and high value dealership businesses.

It will address the many challenges faced by compliance professionals in Bermuda’s regulated sector with AML/ATF compliance, FATCA/CRS, corporate governance, risk, privacy and technology.

Featured speakers include those from within the local and international compliance industry, NAMLC, and regulators. CPD credits will be available to participants on request.

The day will begin with registration and a continental breakfast on Thursday, May 17th at 8am. Educational sessions throughout the day include: Preparing for the CFATF Regulatory Review; Why AML Failure is a Choice; Corporate Governance – Is your board onboard with its compliance obligations?; Deciphering the technology factor: What does a Compliance Officer need to know about Fintech/Regtech/Cryptocurrency?; Crisis Management – Expect the Unexpected and Plan for Risk Constantly; among others.

To register visit here; or for more information contact Island Legal Outsourcing Solutions at legalosolutions@gmail.com.

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  1. Cranberry says:

    Too funny – the Company hosting the $500 day event uses an untraceable throw away email account!

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