FTS to host seminar on roles of money laundering reporting officers

The Cayman Islands Monetary Authority

Following the Cayman Islands Monetary Authority’s recent clarification on the various compliance roles of investment vehicles and other entities, local financial services training company FTS has announced it will be hosting a seminar on the roles of money laundering reporting officers (MLROs), anti-money laundering compliance officers and deputy MLROs for compliance professionals, chief executives and fund directors.

“The seminar will provide delegates with more information about each role, the duties involved and how to manage potential related risks,” Paul Byles, director of FTS, said.

Speakers at the seminar include Prabha Namburi, chief policy and development officer at CIMA, and Heather Smith, head of Investments and Securities Division at CIMA.

Ms. Namburi is responsible for conducting research on international regulatory developments relating to financial services, while Ms. Smith is responsible for the authorization and supervision of regulated hedge funds, fund administrators and securities investment companies in the Cayman Islands.

“Both Ms. Namburi and Ms. Smith will provide delegates with more information on what is expected of their MLRO, AMLCO and Deputy MLROs, ensuring that companies have the information they need to operate their compliance departments efficiently and effectively,” Mr. Byles said.

The seminar will take place on Friday, May 25, 2018 at The Westin Resort and Spa from 8:30-11 a.m. Registration is US$250 and can be made online at www.ftscayman.com/events.

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