AML Risk Management Seminar for Directors

This seminar provides AML training specific to the role played by Non-Executive Directors (NEDs) and other directors in the Cayman Islands financial services sector. The seminar will focus on AML training and risk management. The seminar will feature a presentation from a representative of the UK’s Non-Executive Directors Association (NEDA) on the role of Directors in Risk Management as well as a presentation on the AML risk management procedures for effective corporate governance. It will help participants to better understand what directors should look for and how to improve their oversight of an entity’s AML risk management. The session will also feature an online test and Directors will receive a formal AML training certificate.    

Featuring presentations from Louis Cooper, CEO of the UK’s Non-Executive Directors Association, Rohan Bromfield, CIMA’s Head of Fiduciary Supervision and Paul Byles of FTS.

Date:

Thursday, July 21st 2022, 9am to 12:15pm

Registration Fees

CI $400 / US $487.80

 

 

Agenda

9:00 to 9:05

Welcome

9:05 to 9:35

CIMA’s Regulatory framework for Directors, by Rohan Bromfield, Head of Fiduciary Services Division, CIMA

9:35 to 10:15

Risk Management and the NED’s Role, by Louis Cooper, CEO, NEDA

10:15 to 10:35

COFFEE BREAK

10:35 to 11:00

AML Board Oversight Framework: Understanding a NED’s role in a typical AML policy framework, by Paul Byles, Director, FTS.

11:00 to 11:45

Panel Discussion – Q & A with speakers

11:45 to 12:15

Online Testing

 

OUR SPEAKERS:

Louis Cooper, Chief Executive, NEDA

Louis is Chief Executive and one of the founders of the UK’s Non-Executive Directors’ Association (‘NEDA’) – the members Association that was set up in 2006-7 to support the specific needs and demands of Non-Executive Directors and Trustees across all sectors and at each stage of their ‘life-cycle’. Louis leads the NED and board training, education and advisory services. He also oversees the publication of the ‘Non-Executive Directors’ Handbook’ (5th Edition: 2019) and NEDA’s sponsorship of the Non-Executive Director Awards – 16th year in 2022.

Louis has over 25 years’ experience in governance, risk and assurance services and in public practice has worked for all of the ‘Big 4’ Accounting firms and for 6 years was a partner at the UK top 10 audit firm Crowe Clark Whitehill (now Crowe UK), where he led the Risk & Assurance team. He now also acts as an Associate with three risk, assurance and strategy consultants.

Louis is a Fellow Chartered Accountant (‘ICAEW’) and a member of the Institute of Risk Management (‘IRM’) and the Institute of Internal Auditors (‘IIA’). He is also a member of the Quoted Companies Alliance (‘QCA’) Corporate Governance Expert Group and co-wrote the QCA 2018 Corporate Governance Code and the updated QCA Guide for Audit Committees in 2019.

 

Rohan Bromfield, Head of the Fiduciary Services Division, CIMA

Rohan Bromfield is Head of the Fiduciary Services Division at the Cayman Islands Monetary Authority.

Mr. Bromfield is responsible for directing a programme of continuous monitoring and inspection of licensed trust companies, company managers and corporate service providers. He also assists with providing advice and guidance to the Authority’s Board of Directors and the industry on developments within the fiduciary services sector. He regularly represents and makes presentations on behalf of the Authority at major forums and conferences, both locally and overseas.

Mr. Bromfield joined the Authority in 1997 and since then he has steadily been appointed to positions of greater responsibility within the Investments and Securities, and Fiduciary divisions. He served as the Deputy Head of Fiduciary Services between April 2005 and June 2006.

He holds a Bachelor of Science degree in Economics from Dalhousie University and a Diploma in International Trusts Management from the Society of Trust and Estate Practitioners (STEP).

 

Paul Byles, Director, FTS

Paul Byles is Director of FTS, which provides compliance, risk management and management consulting services. He is an experienced AML expert and regulatory consultant and has worked in the financial services industry for 25 years. He is a former head of regulatory and economic consulting services at Deloitte in the Cayman Islands. He is also a former Head of Policy at the Cayman Islands Monetary Authority where he drafted the original Guidance Notes on Prevention and detection of Money laundering for the Cayman Islands and many formal regulatory policies and guidelines issued by CIMA for the financial services industry.

Paul drafts risk management policies and procedures and conducts AML audits for regulated entities. He carries out AML & risk management training for over 500 financial services professionals each year. He serves as an independent director on a number of financial services and local operating firms. He holds a Masters Degree in economic development from the London School of Economics, and a Master Degree in Economics from Birkbeck College in the UK.