Virtual Currencies/Digital Assets and Beyond for Compliance Professionals

  • When: Thursday, October 25, 2018
  • Where: Hamilton Parish, Bermuda
  • Venue: Rosewood Bermuda
    60 Tucker’s Point Dr., Hamilton Parish, HS 02 Bermuda

Countries and companies of all sizes are grasping with the spread of a new era in virtual and crypto-based currency businesses, products and services. This is especially in true in Bermuda, where there is a national effort to become a world leader in financial technology and innovation. This one-day interactive seminar addresses core AML practices that may remain effective in this new paradigm, changes that need to be implemented immediately and mandatory elements of a solid compliance program. This seminar is designed to provide you with a strong understanding of the principal elements and the knowledge required to lay the foundations of a compliance and risk management program at all levels.

Fortify Your Knowledge base and Compliance Skills Through:

  • Learning practical AML principles and skills for onboarding, monitoring, detecting and reporting virtual currency transactions.
  • Examining some real-life scenarios, discussing likely simulations and engaging in guided discussions
  • Acquiring the skills for implementing proper internal controls and risk management practices, policies and procedures at all levels.

Agenda-at-a-glance

7:45 AM – 8:45 AM Registration and Networking Breakfast
8:45 AM – 9:15 AM Keynote Address and Q&A
Hon. Wayne M. Caines, Minister of National Security, The Government of Bermuda
9:15 AM – 10:30 AM Regulatory Update: Recent Developments in Bermuda’s AML/ATF Framework

10:30 AM – 10:45 AM Networking and Refreshment Break
10:45 AM – 12:00 PM Creating and Maintaining a Wholesome AML and Risk Management Framework for a Sane Virtual Currency Ecosystem

12:00 PM – 1:15 PM Networking Luncheon
1:15 PM – 2:00 PM How to Scale an AML Program for Digital Payments; From the Micro to the Macro

2:00 – 3:00 PM Interactive Workshop, Part 1: Build and Regulate

3:00PM – 3:15PM Networking and Refreshment Break
3:15PM – 4:45PM Interactive Workshop Part 2: BMA’s Consultation Paper on the Regulation of Virtual Currency Business

4:45 PM – 5:00 PM Closing Keynote
Jamahl S. Simmons, Minister of Economic Development and Tourism, The Government of Bermuda

(Program is subject to change)

Pricing

ACAMS Members Non-Members
$495 $595

Registration Closed

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Speakers:

Waine Caines
  • Hon. Wayne M. Caines

  • Minister of National Security
  • The Government of Bermuda

Bio

Min. Caines graduated Oakwood University with a Bachelor of Arts Degree in History and a Minor in Political Science. He went on to obtain a Law Degree at the University of Kent, School of Law; and enrolled at the Royal Military Academy Sandhurst), Territorial Army Officers Commissioning Course.

Wayne was employed for seven years as a Crown Counsel with the Bermuda Department of Public Prosecutions. Minister Caines is the former Chief Executive Officer of Digicel Bermuda and CEO of SENIAC Consulting.

Mr. Caines is the Minister of National Security, having administrative responsibility for the Bermuda Police Service, the Royal Bermuda Regiment, Bermuda Customs, the Bermuda Fire and Rescue Service, and the Bermuda Department of Corrections. His portfolio also includes the Department of ICT Policy and Innovation, E-Commerce and FinTech.


Kieran Beer
  • Kieran Beer

  • Director of Editorial Content
  • ACAMS moneylaundering.com

Bio

Mr. Beer has been the editor-in-chief and editorial director for ACAMS moneylaundering.com since January 2007. Prior to that he was executive editor of Bloomberg Wealth Manager, a trade magazine for financial advisers to wealthy individuals, and he also served as a staff writer for Bloomberg Markets Magazine. Mr. Beer has been a financial journalist for more than 20 years, beginning his career at Institutional Investor, where he worked as a reporter and editor in the newsletter division and was a contributor to Institutional Investor magazine. He served as editor-in-chief of The Bond Buyer, founding editor of Thomson Municipal News/The Bond Buyer Wire and as the editor of the American Banker. Mr. Beer writes a column and periodically reports on money laundering and bank compliance. He has served as a panelist and moderator at industry conferences and appeared on CNN, CNBC, WCBS and spoken on NPR and Bloomberg radio (WBBR).


Lydia Dickens
  • Lydia R. Dickens

  • Business Development Unit
  • Government of Bermuda

Bio

Lydia Dickens is the Managing Director of CB Limited, a local Bermuda start-up focused on regulatory consulting. She is also the Chair of the Legal and Regulatory Working Group for the Bermuda Blockchain Task Force and is currently a consultant to the Government of Bermuda. Prior to becoming an entrepreneur, Lydia was the head of the Government’s internal business development team and was actively involved in policy development and legislative reform initiatives related to Bermuda’s international business sector.

Lydia is a US attorney with nearly 17 years of professional experience. She is admitted to practice in Washington D.C., and the state of Maryland


Calon Hollis
  • Calon Hollis, CAMS

  • Head of Analysis
  • Bermuda Financial Intelligence Agency

Pending Bio.


Faisal Islam
  • Faisal Islam

  • Fintech & AML Director
  • PFI Fintech Advisor Inc.

Bio

Mr. Faisal Islam is the managing director of PFI Fintech Advisory, a consultancy cabinet specializing in fintech growth and implementation, compliance advisory, and full scale training. Faisal has advised various law enforcements groups and government bodies on how to effectively navigate and understand complex financial technology innovations. With enterprises, Faisal’s team assists them in building and managing effective compliance and supervision programs, as well as startup growth and risk management. Faisal is also the managing director of hknowyourcountry.com, a global AML country risk index and assessment guide.


Brittany Johnson
  • Brittany Johnson

  • Principal AML/ATF Risk and Analytics
  • The Bermuda Monetary Authority

Pending Bio.


Bruce Law
  • Bruce Law

  • Assistant Director AML/ATF Supervision
  • The Bermuda Monetary Authority

Bio

Bruce Law joined the Bermuda Monetary Authority in 2009 and is currently responsible for AML/ATF Supervision within the Authority , reporting to the Senior Advisor for Financial Stability. Prior to joining the Authority, he spent some 30 years with the Bank of Bermuda in various divisions, the last 8 being the Manager of Operational Risk and Compliance for the Private Clients Services Department, for Bermuda and Cayman. Bruce became a certified CFATF Assessor in 2015.


Jamahl Simmons
  • Jamahl Simmons

  • Minister of Economic Development and Tourism
  • The Government of Bermuda

Bio

The Hon. Jamahl Snaith Simmons is the son of former Progressive Labour Party Parliamentarian Lionel D. Simmons and “The Bermuda Cookbook” author Cecille Snaith. He grew up in Somerset, Bermuda and attended West End Primary School, later attending the Berkeley Institute and Kent’s Hill School in Maine. He studied Political Science at Howard University in Washington DC and returned to Bermuda in 1997, beginning a career in broadcast journalism. In 1998 he received a Bermuda Gold Award for Bermuda’s Best Sportscaster. Jamahl Simmons was elected to Parliament for the constituency of Pembroke West on February 7, 2002 in a by-election. In 2002 he received a Bermuda Gold Award for “Political Coup,” after being elected as Bermuda’s then youngest MP. Mr. Simmons was re-elected in the 2003 General Election with an increased majority. Jamahl Simmons did not seek re-election in the 2007 General Election and in February 2008, was appointed to serve as Chief of Staff to the then Premier of Bermuda, Dr. The Honorable Ewart F. Brown JP, MP. In February 2010, he was appointed to the post of Press Secretary to the Premier, serving in that post until the conclusion of Premier Brown’s term in October 2010. On November 18, 2014, Jamahl Simmons defeated the OBA’s candidate in a bye-election returning the Sandys South Seat to the PLP for the first time since 2012. Mr. Simmons is a Public Relations and Marketing professional with a wide a varied career, both in Bermuda and in the global arena, having worked in broadcasting, on several international political campaigns and as advisor to candidates, elected officials and businesses around the world. He also is a professional writer with articles published online for various entertainment websites. Jamahl Simmons is married to radio personality Sherri Johnson-Simmons host of The Sherri Simmons Show on Magic 102.7 and has two sons.


Grant Tomkins
  • Grant Tomkins, CAMS

  • Detective Inspector
  • Organized & Economic Crime Dept.
  • Bermuda Police Service

Bio

Detective Chief Inspector Grant Tomkins joined the Bermuda Police Service in February 1991 having previously served six years in the West Mercia Constabulary in England. Since joining the Bermuda Police Service he has served in Central Uniform, Parishes, Schools Liaison Unit, Outward Bound, Commercial Crime Department, Financial Crime Unit and Organized & Economic Crime Dept.

Chief Inspector Tomkins is married and he and his wife have one daughter currently studying abroad. He has an Honours Degree from University of Manchester in Management with Compliance and holds two University of Manchester Business School Post Graduate Diplomas in International Financial Crime Prevention and International Compliance, he has been a Certified Anti Money Laundering Specialist since 2007. During his Service in Bermuda he has received a number of letters of good work, merit awards and five Commissioner’s Commendations. As part of his role Grant has worked closely with the National Anti-Money Laundering Committee and represented the Police Service, in three National Risk Assessments for Money Laundering and Terrorist Financing. He was also a representative of the BPS in the Mutual Evaluation Process. A Qualified Senior Investigating Officer, he also has successfully completed financial investigation courses both regionally and in the United Kingdom. He has been the lead investigator in a number of successful money laundering investigations, which have resulted in money laundering convictions in Bermuda, The Caribbean, The United States and The United Kingdom. His recent work includes working closely with the Civil Recovery Agency to recover proceeds of crime.

Chief Inspector Tomkins is a past Chairman of the Bermuda Police Association, and has represented the Bermuda Police Service in rugby, cricket and golf.


Peter Warrack
  • Peter Warrack, CAMS

  • Chief Compliance Officer
  • Bitfinex

Bio

Mr. Peter J. Warrack is the Chief Compliance Officer at Bitfinex. He was previously the Director, Anti-Money Laundering (AML) and FINTEC Advisory, and Compliance Officer with the Bank of Montreal (BMO). He also manages ‘special projects’ and advises on major AML/CFT investigations and is a Certified Bitcoin Professional. He is formerly the Director AML Advisory and Director Risk Intelligence at BMO.

Prior to his current role he built two highly capable AML Financial Intelligence Units (AML FIUs) at the Royal Bank of Canada (RBC) and BMO often described as “Universities of AML”.

Mr. Warrack was recruited to Canada by RBC leaving behind a successful career in law enforcement in the UK. In Canada, he successfully built and pioneered RBC’s intelligence –led fraud prevention approach setting the standard for ‘the culture of intelligence’ and intelligence-led analytics before specializing in AML.

Since coming to Canada, Mr. Warrack has been a proponent of joint / law enforcement investigations and actively involved with law enforcement in the legal sharing of information and best practices, which has resulted in numerous arrests and the interdiction of crime.

In January, 2016 Mr. Warrack initiated a joint public/private sector partnership to address human trafficking and sexual slavery in Canada, collaborating with law enforcement, FINTRAC, peer banks, government, and NGOs, the first of its kind in Canada and the subject of much and continuing success.

Mr. Warrack frequently presents and publishes on subjects including intelligence, fraud, money laundering, risk, human trafficking, and AML / Blockchain is often referred to as a practical academic and thought-leader. His contribution to the AML profession was recognized by his peers in 2011 when he received the Association of Certified Money Laundering Specialists (ACAMS) Professional of the Year Award.

In 2016 Mr. Warrack obtained his Certified Bitcoin Professional designation and was a guest speaker at the largest blockchain training conference in the world held in Toronto. Mr. Warrack’s work in providing thought leadership in this area and the links between cryptocurrencies and human trafficking continues in liaison with industry peers, law enforcement, and the technology sector internationally.


Sinclair White
  • Sinclair White

  • Director
  • Bermuda Financial Intelligence Agency

Pending Bio.