Minister Caines Gives Keynote Address at
ACAMS Virtual Currencies/Digital Assets and Beyond for Compliance Professionals
The Minister of National Security, the Hon. Wayne M. Caines, JP, MP, was invited to give the keynote address at the ACAMS Virtual Currencies/Digital Assets and Beyond for Compliance Professionals seminar held yesterday at Rosewood Bermuda.
The one-day interactive seminar, on how 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 is especially in true in Bermuda, where we have a national effort to become a world leader in financial technology and innovation. It addressed 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. It provided attendees 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.
The Minister spoke about Bermuda’s efforts to position itself as a leader in the fintech sector followed by a question and answer session. Following his presentation he noted, “This was an excellent opportunity to speak at the ACAMS Virtual Currencies/Digital Assets and Beyond for Compliance Professionals seminar as it allowed me to present and answer questions from those persons whom are integral to our efforts. Bermuda’s world class reputation, regulation, and as a center for innovation were the focus of my discussion. I had the opportunity to discuss Bermuda’s blue chip advantages and why we should be the domicile of choice for businesses.”
“I also shared how we work closely with our global partners and have made coming to Bermuda an easy and seamless process. One of the main messages I offered to attendees is that Bermuda places the highest value in our legislation and financial regulations and will endeavor to ensure that companies domiciled in Bermuda will be of the highest standard.”
For more info on the seminar visit ACAMS Virtual Currencies/Digital Assets and Beyond for Compliance Professionals.
Photo: Minister Wayne Caines with representatives from ACAMS Virtual Currencies/Digital Assets and Beyond for Compliance Professionals seminar
ABOUT FINTECH BERMUDA
The Bermuda Government has carved out a leadership position in formulation of the world’s first digital asset legislation (Digital Asset Business Act) as well as a strong legislative framework for ICO’s. Go to www.fintech.bm for more information.
ACAMS is considered the largest international membership organization dedicated to enhancing the knowledge, skills and expertise of AML/CTF and financial crime detection and prevention professionals. Their members include representatives from a wide range of financial institutions, regulatory bodies, law enforcement agencies and industry sectors. Go to https://www.acams.org/ for more information.