Incorporating Intermediaries and Understanding POCA

Workshop Description:

This interactive workshop is designed to educate participants on the provisions under the Financial Obligation Regulations (FOR 2010) of the Proceeds of Crimes Act (POCA) relevant to the insurance sector. Participants will also gain insight into the registration process for agents intermediaries to be incorporated in Trinidad and Tobago.

Learning outcomes: At the end of the session participants will be able to:

• Understand the requirements of the provisions of the FOR in general and specifically as it relates to Customer Due Diligence in the Insurance Industry.
• Understand intermediaries’ compliance with the FORs
• Gain insight into the registration process for agents /Intermediaries needed to be incorporated in Trinidad and Tobago
• Understand the reporting practices with respect to the Supervising Authorities (CBTT, FIUTT)
• Increase confidence in fulfilling one’s role as an individual practitioner or employee of an organization.
• Become knowledgeable on the Regulations, penalties, fines and the Importance of the application of the Proceeds of Crime Act and Insurance Act

Facilitator: B. Roxanne Forde, MA, AIRC, ALMI, ACS, CAMS As Principal Consultant at RCC Roxanne, specializes in the provision of practical Regulatory Compliance Solutions and guidance to SMEs in the region including: Training and Development; Conducting Risk Assessments and Internal/External AML/CFT/CFP reviews. A Certified Anti -Money Laundering Specialist (CAMS) and former Regional Compliance Manager with a Multi-national Insurance group, Ms Forde brings over fifteen years of leadership and in-depth experience managing regulatory compliance issues, providing training and professional support  related to Anti-money Laundering and Counter Financing of Terrorism  and Proliferation programmes to registrants of the FIUTT, CBTT and TTSEC.