Major Topics and Synopsis

There is no doubt that most or all jurisdictions are now connected into one space.

Participants from around the Globe will benefit from discourse on measures and standards that must be adhered in order to be sustainable in an interconnected environment, both from a jurisdictional and organisational standpoint.

Tech AML 2023 will showcase major disciplines to assist jurisdictions and organisation to navigate the adherence of global standards.

1. De-Risking and Correspondent Banking Is the Caribbean’s Correspondent Banking relationship at risk?
The presentation will provide a greater understanding and appreciation for the requirements of the correspondent banking relationship to foreign financial institutions. This is a Not-To-Miss session from FIBA (Financial and International Business Association.

2. Money Laundering, Technology and AI What are the technological tools and techniques organisations can employ to adequately monitor and protect their organisations from financial crimes. Is Artificial Intelligence (AI) and option? Find out more at Tech AML 2023.

3. Compliance Professionals/Officers – Their role in a digitised environment How are compliance professionals coping within a digital environment? Have they developed new skills and capabilities to perform in the new workspace? What new technological systems and tools have employers procured to aid work of compliance officers / professionals? What are the new Job specs/ competencies requirement of Compliance Officers? At Tech AML 2023, you will know more about the expectations of Compliance Officers /Professionals in the new digital era.

4. Mutual Evaluation in the Caribbean - Why now more than ever the Caribbean needs to strengthen its Capacity to comply with Global AML/CFT/PF standards Many of our regional jurisdictions are expected to undergo a Mutual Evaluation Assessment within the next year. All over the word, jurisdictions are under increased monitoring, through their local authorities or FATF (Financial Action Task Force) to address strategic deficiencies in order to counter money laundering, terrorist financing, and proliferation financing. This session greatly assist in further promulgating the awareness and strengthening the Compliance Mandate Field in the Caribbean Region, and will be delivered by the Caribbean Financial Action Task Force.

5. Supervisory Authorities / Regulators Round Table - Efficacy of their role in our current environment. The connectivity of our environments, whereby countries and territories are now morphed into subscribing to global standards in an interdependent space, have heightened the need for territories to fully operate in the global landscape.

With the proliferation of information communication technologies, blockchain, FinTech, digital cash, crypto currencies, virtual assets, electronic money/ wallet, our world has become a digitised connected space. While these electronic money flows may have provided convenience to end-users, they present challenges to Regulators, financial institutions, and other reporting entities.

The Regulators will tell us how they are coping, and what are the expectations from jurisdictions and reporting entities to assist in ML, TF and PF mitigation in a digital environment.

6. Reporting Standards/Global Forum – Are we there yet!!
Many Caribbean territories have already put in place the legal framework mechanisms and have already begun to implement the reporting standards. Financial institutions now have a responsibility to be a part of the information exchange mechanism by conducting due diligence on customers/ clients to facilitate the exchange of information as required by law. But have we been able to do this!!

7. Managing AML/CFT Compliance in a Dynamic Environment – The Guyana Case Study
What can other territories learn form an island that has been thrusted with immense wealth and financial resources due to an Oil Boom. At Tech AML 2023 the FIU Director of Guyana will share key messages on the fundamentals that must be in place such as compliance with FATF Standards and investment in competent resources including available tools/ technology.