Virgill III, CAMS
Charles has been a practitioner in the commercial banking industry for twenty-nine years with two leading Canadian financial institutions, the Royal Bank of Canada (5 years) and Scotiabank (Bahamas) Limited (24 years). From 2010, he has been employed with the Central Bank of The Bahamas as a risk-based senior examiner of all supervised financial institutions, usually as Examiner-In-Charge (EIC) and is the designated AML-CFT Practice Leader for that regulator. He spearheaded the task of bringing four of the country’s regulators together to write and publish two Guidance Notes for the country, namely Proliferation & Proliferation Financing, and Financial Crime Risk Management.
Charles has vast experience as a former senior internal auditor with responsibilities in fraud investigations with Scotiabank (Bahamas) Ltd, as a former bank manager, bankcard services acquisition specialist and as a commercial and retail lender. He is very well versed in KYC/AML Compliance, has been trained as an Expert Assessor for Mutual Evaluations of the Caribbean Financial Action Task Force (CFATF) and now has practical experience in that capacity. He has facilitated and presented at numerous AML/CFT conferences and seminars, and has assumed the role as a panelist in several “Meet the Regulator” national industry sessions.
Charles is a certified anti-money laundering specialist (CAMS) and is currently pursuing the Advanced Audit Designation with ACAMS. He is also a Certified International Risk Manager, having attained this designation through the Bahamas Institute of Financial Services (BIFS). He has also taken Society Trust and Estate Planning (STEP) courses. His internal audit training was derived from the Institute of Internal Auditors (IIA) and from Scotiabank’s Internal Audit Methodology Training in Toronto. He obtained his bankcard services anti-fraud training from MasterCard University in Miami, and through seminars conducted by the former National Bankcard Corporation (NaBanco) in Plantation, Florida. Charles has also had law enforcement training, having been a member of the Royal Bahamas Police Force Reserves from 1987 to 1997, with the last eight of those years working undercover in Special Duty.