Proliferation Financing in the Isle of Man: Understanding Emerging Risks and Compliance Obligations
This webinar forms part of the 2025 Financial Services Compliance Series (Isle of Man-specific).
Description
This webinar will provide an overview of the emerging risks and compliance obligations related to Proliferation Financing (PF) in the Isle of Man. Attendees will gain insights into the latest regulatory expectations and the evolving threat landscape associated with PF activities. The session will cover key topics such as identifying and assessing proliferation financing risks, implementing targeted financial sanctions, and enhancing due diligence measures. Expert speakers will discuss practical approaches to strengthening internal controls and aligning with international standards, helping firms mitigate PF risks effectively. This webinar aims to equip professionals with the knowledge to navigate the complexities of compliance and protect against PF threats.
This webinar provides one-hour of CPD and offers insights and updates from a leading industry-expert speaker.
Delegates places are interchangeable with colleagues from the same organisation.
Content
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Overview of the evolving threat landscape associated with proliferation financing
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Key regulatory expectations for addressing proliferation financing risks
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Best practices for implementing targeted financial sanctions and controls
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Strengthening due diligence measures to mitigate proliferation financing threats
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Aligning internal controls with international standards and regulatory frameworks
Presenters
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Erica Humphries Financial Crime Strategy and Policy Lead at Cabinet Office Isle of Man Government |
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Originally from South Africa, Erica has lived and worked in the UK and Isle of Man since 1999. Shortly after graduating from University, Erica relocated to London and commenced her career in advertising account management, working on print, radio and television campaigns ranging from beer and pizza to cars and holidays. A move to the Isle of Man coincided with a career shift to the public sector and roles in which Erica continued to build on her experience in project management, facilitating improvement programmes, leadership development and supporting change. Erica is also a qualified trainer and workplace mediator. After a stint the External Relations Team where she managed a range of activities to promote the profile of the Isle of Man and develop our relationships with international communities, Erica joined the AML/CFT Policy Office to deliver a project addressing the threats posed by bribery and corruption. She now heads up the Strategy and Policy side of the Policy Office, overseeing the development and delivery of the Island’s Financial Crime Strategy 2024 – 2026, National Risk Assessments (including the Isle of Man’s first Proliferation Finance Risk Assessment), ABC Strategy and delivery and the coordination of policy development throughout the jurisdiction. |
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Lucie Kennedy Senior Officer Legislation and Policy, Customs and Immigration Division at the Isle of Man Treasury |
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Born and raised in the Isle of Man, Lucie began her career in the Isle of Man civil service in 2002, shortly after graduating from Liverpool University. Lucie has had a variety of roles within the Customs and Immigration Division, starting in the debt management unit before becoming a VAT compliance officer and then manager of the customer advice centre, before shifting role to focus on legislation and policy in 2017. Since then, Lucie has had to deal with the changes to customs rules as a consequence of Brexit, the introduction of new data protection requirements, the Covid pandemic, and ensuring the Island’s swift response to the changing sanctions landscape following the invasion of Ukraine. Lucie’s current role focuses on implementing sanctions legislation, providing outreach to further highlight sanctions and associated risks and working in collaboration with partner agencies to continue to identify, prevent and enforce activity relating to money laundering, the financing of terrorism and the financing of proliferation. |