Core Principles of AML/ CFT (Bermuda-specific)

This webinar provides a focused introduction to the foundational principles of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) within the Bermuda regulatory landscape. Designed for professionals operating in or servicing Bermuda-regulated entities, the session highlights key obligations, supervisory expectations, and practical considerations for maintaining an effective compliance framework. Attendees will gain clarity on the latest Bermuda Monetary Authority (BMA) requirements and how to apply core AML/CFT standards in day-to-day operations.

This webinar provides one-hour of CPD and offers a structured learning experience designed to deliver actionable outcomes. Participants will gain valuable insights and practical skills to apply in their professional roles.

Delegates places are interchangeable with colleagues from the same organisation.

Content

• The core components and objectives of an effective AML/CFT framework, with reference to Bermuda legislation and BMA guidance

• The role of risk assessment, including jurisdictional, customer, and product/service risk indicators specific to Bermuda

• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) requirements for Bermuda-regulated entities

• Ongoing monitoring expectations and red flags relevant to Bermuda’s financial services environment

• Regulatory supervision, reporting obligations, and recent enforcement themes from the BMA

Presenter

Chris Usher Managing Director of the School of International Financial Services

Chris is the Managing Director of the School of International Financial Services (SIFS), a leading provider of training and education in offshore financial services across 15 jurisdictions globally. He has over 25 years of experience in offshore financial services, having previously held senior wealth management roles at Barclays Wealth and Santander, where he advised private clients and corporates on complex global investment solutions and wealth structuring. Chris is currently also a Director at Cavenwell Group. With a deep understanding of geopolitical and economic dynamics, Chris helps clients navigate the changing international wealth structuring landscape and optimise tax efficiency. Chris has trained over 6,000 people in qualifications for the Chartered Institute for Securities and Investments (CISI) in wealth management and is a well-regarded member of the Institute. He also serves on the committee of the Jersey Wealth Managers Association (JWMA) and is a member of the Institute of Directors.