Over the past few years the subject of compliance with local and international standards has become the major topic in the financial services industry, not only here in Anguilla, but internationally.
Anguilla is hugely focused on the matter and the private sector is at the forefront of ensuring that all licensees are fully aware of their responsibilities and that those responsibilities are clear, with no opportunity for misinterpretation or ambiguity.
The Anguilla Compliance Association, which was set up in 2016, is an industry-wide body dedicated to assisting, through training and discussion, the financial services industry to meet compliance standards. It also has the important role to be the liaison between the industry and the Financial Services Commission (FSC) where perceived conflicts, or matters of interpretation or clarification, exist on compliance matters. The Associations’ Council is very pleased with actions taken at the Commission due, in part, to this dialogue.
The Association also arranges, or participates in, workshops and conferences and was proud to be a sponsor for the recent, excellently-received Compliance Conference “Charting the Course: AML/CFT for Greater Resilience” at which the speakers included Fiona Curtis, an Association Council member. Indeed, the FSC recognizes the vital role that the Association plays and provided a grant to enable the Association to become self-sustaining with real substance in staffing and resources.
Members of the Association are not restricted to Anguilla. They come from any jurisdiction provided that they have an interest in Anguilla’s financial services industry (for example, overseas-based licensees of Anguilla’s Financial Services Commission, or Intermediaries or Introducers to licensees).
Contact Graham Crabtree (info@cegf.ai), Fiona Curtis (fcurtis@counsellimited.com) Lonnie Hobson (Lonnie_h@anguillafsd.com) or John Lawrence (jdklawrence@gmail.com) for a membership form and make it your New Year’s resolution to become a member of Anguilla’s financial services industry’s most dynamic and fastest growing private sector organization.
It just goes to prove that Anguilla is really ready for business.
Anguilla: A Compliant Jurisdiction