Campbells will be hosting a seminar on CIMA's new powers to impose administrative fines for breaches of the anti-money laundering regulations and guidance. This seminar will look at how that power will be exercised and what factors will be relevant to whether fines should be imposed and at what level.
Has senior management and the AMLCO demonstrated clearly that they have taken responsibility for managing AML/CFT risks and that they are actively engaged in addressing those risks? If the compliance function is delegated how and by whom is the delegated function to be managed and overseen?
Wednesday 2 October 2019
The Kimpton Seafire Resort & Spa
Overview of Cayman law and regulations relating to AML/MLRO/DMLRO and AMLCO
Overview of CIMA powers and power to impose administrative fines including examples of relevant conduct that can be sanctioned and applicable fines
Summary of position in England
Discussion about previous cases in England dealing with regulatory AML enforcement and, in particular, the relevant principles applied by the tribunal
Discussion about how similar legal process might be initiated in Cayman
Discussion about how in practice this might affect day to day operations, functions and responsibilities of MLRO/DMLRO and AMLCO
This event is free to attend but space is limited.
Please click on the register here button below to confirm your attendance. Should you have any questions please email Nicole D'Heer Watson on firstname.lastname@example.org.