Fareda
Sands, CAMS
Fareda Sands is a Chartered Banker (MCBI) and a Certified Anti Money Laundering Specialist (CAMS). A seasoned Compliance and Risk practitioner, she has over two decades in the industry. She founded Initium Novum Enterprise Ltd so that she can bring her wealth of knowledge and curate bespoke services, expertly delivered to her clients. While the firm started as a Compliance Consultancy specializing in AML training, it has now blossomed into an Investment Promotion and Business Consultancy practice. She has attained various certifications in the AML, Compliance, Risk and Financial Crimes space and brings this wealth of knowledge to her firm. Initium Novum provides an array of offerings including advisory services specializing in Bahamian Financial Services Regulations.
During her tenure, she has worked in a variety of reputable and international firms including Swiss and Canadian institutions within the Bahamas. She has been a Past President of The Bahamas Association of Compliance Officer and still sits on the Education Committee lending her support to the Compliance Community.
Fareda is currently a lecturer at The Bahamas Institute of Financial Services (BIFS) and serves as a Steering Committee Member and newly elected Director of the Caribbean Regional Compliance Association Company (CRCA). She is also an Immediate Past Director of the Bahamas Financial Services Board (BFSB) where she served in the capacity of Secretary.
She continues to be a sought-out speaker for local and international conferences.