The Caribbean Financial Action Task Force (CFATF) in conjunction with the Attorney General’s Chambers and the Financial Intelligence Agency (FIA) of the Turks and Caicos Islands will be hosting the 10th Compliance Conference: ¨Keeping in step with regulatory requirements as the Standards evolve” from the 23rd – 24th March 2015 at the Regent Palms Resort in Providenciales, Turks and Caicos Islands.
The CFATF pursues the objective of achieving effective compliance with and implementation of the Financial Action Task Force (FATF) Standards to prevent and control money laundering and the financing of terrorism. In that regard, the CFATF, the Attorney General´s Chambers and the FIA are preparing the national framework for the upcoming Mutual Evaluation of the Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) system of the Turks and Caicos Islands, which will measure the effectiveness of the TCIs efforts in countering money laundering and the financing of terrorism.
The Compliance Conference will provide an opportunity for training to all those representatives of the public and private sector who must comply with the TCI Anti-Money Laundering and Prevention of Terrorist Financing (AML/PFT) Regulations. Knowledge gained will enable them to face the challenges of the Mutual Evaluation. Additionally, participants will be provided with an in-depth and practical learning experience while encouraging participation in honest dialogue with key parties from different segments of the complex world of anti-money laundering risk management.
This Conference will feature international and local experts in the Anti-Money Laundering and Prevention of Terrorist Financing field who will make presentations on the new FATF Standards; discuss Risk Assessments, Customer Due Diligence, Supervision, Challenges for the TCI and the most relevant trends and topics that all stakeholders in the AML/PTF industry need to be aware of.
The Conference also presents an opportunity to showcase the TCI to the world bringing international exposure and recognition regarding our determined efforts to meet international standards in the implementation of our Anti-Money Laundering/Prevention of Terrorist Financing regime.
