Friday, January 28, 2011

http://www.thestkittsnevisobserver.com/2011/01/28/money-laundering.html

January 28 -- Premier of Nevis, Hon. Joseph Parry will open the 7th Annual Anti Money Laundering / Caribbean Financial Action Task Force (CFATF) Awareness Seminar, hosted by the Nevis Financial Services Regulation and Supervision Department. The event is scheduled for Tuesday, February 1, starting 8:00 a.m., at Occasions Event Center at Pinneys.

The theme for this year’s financial seminar is “Perspectives on Money Laundering & Terrorist Financing Risks and Vulnerabilities.”

The keynote address will be delivered by Dawne Spicer, Deputy Executive Director of the Caribbean Financial Action Task Force (CFATF).

These annual seminars provide financial institutions, designated non-financial businesses and professions information of their obligations under the Federation’s anti-money laundering and anti-terrorism laws, as well as on new developments and initiatives being undertaken by international bodies such as the CFATF, Financial Action Task Force (FATF) and Organization of Economic Co-operation and Development (OECD).

The seminar will focus on money laundering terrorist financing risks and vulnerabilities, relevant to the significant sub-sectors served by financial services businesses in Nevis.

Presenters will include President of the Nevis International Service Providers’ Association, Jackie Hunkins-Taylor; Attorney-at-law, Adrian Scantlebury; General Manager of The Bank of Nevis, Everette Martin; and Head of the St. Kitts and Nevis White Collar Crime Unit, Inspector Franklyn Belgrove.

Attendees will also participate in group discussions on some of the money laundering cases which have been successfully prosecuted in a number of Caribbean Islands.