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TCIG Enganging Its Stakeholders Through Compliance Conference

Providenciales, 26 Mar 2015 – The Caribbean Financial Action Task Force (CFATF) marked its 20th Anniversary just recently and with 27 Members which includes the Turks and Caicos Islands, represents diversity of ideas, cultures, and languages and of successful approaches to Anti Money Laundering and Counter Terrorist Financing laws and regulations.

CFATF Legal advisor, Ms. Ana Folgar said; “The CFATF pursues the objective of achieving compliance …with an effective implementation of the FATF Standards to prevent and control money laundering and to combat the financing of terrorism.”

“In that sense, we will strive to speedily adapt the revised Standards in all our Members countries and assist them as they approach their Mutual Evaluations and the challenges of demonstrating effectiveness.”

Attorney General, Rhondalee Braithwaite-Knowles stated; “I wish to thank the CFATF and the newly established Financial Intelligence Agency of the Turks and Caicos Islands for partnering with me to host this 10th Compliance Conference under the theme: Keeping in step with regulatory requirements as the Standards evolve”

“The main presence here is to advance part of those preparations and of that thinking ahead. Whether you are in the public or private sector you are the most important piece of the implementation machinery.”

The 10th Compliance Conference addressed the most relevant topics in order to put them in practice at a national and private level. The new Financial Action Task Force Standards; National Risk Assessments, Customer Due Diligence, Supervision, Challenges for the TCI, trends and topics that all stakeholders in the AML/CFT industry need to be aware of, and active participation was encouraged.

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