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Seminar: AML Regulation and Enforcement

Campbells will be hosting a seminar on CIMA’s new powers to impose administrative fines for breaches of the anti-money laundering regulations and guidance. This seminar will look at how that power will be exercised and what factors will be relevant to whether fines should be imposed and at what level.

Has senior management and the AMLCO demonstrated clearly that they have taken responsibility for managing AML/CFT risks and that they are actively engaged in addressing those risks? If the compliance function is delegated how and by whom is the delegated function to be managed and overseen?

Date: Wednesday 2 October 2019
Registration: 1.30pm-2.00pm
Seminar: 2.00pm–4.45pm
Networking Drinks: 4.45pm–6.30pm
Location: The Kimpton Seafire Resort & Spa


Event Outline:

1.30pm-2.00pm: Registration
2.00pm–2.15pm: Overview of Cayman law and regulations relating to AML/MLRO/DMLRO and AMLCO
2.15pm–2.30pm: Overview of CIMA powers and power to impose administrative fines including examples of relevant conduct that can be sanctioned and applicable fines
2.30pm–2.45pm: Summary of position in England
2.45pm–3.15pm: Coffee break
3.15pm–3.45pm: Discussion about previous cases in England dealing with regulatory AML enforcement and, in particular, the relevant principles applied by the tribunal
3.45pm–4.00pm: Discussion about how similar legal process might be initiated in Cayman
4.00pm–4.30pm: Discussion about how in practice this might affect day to day operations, functions and responsibilities of MLRO/DMLRO and AMLCO
4.30pm–4.45pm: Q&A session
4.45pm–6.30pm: Drinks reception


This event is free to attend but space is limited.

Please click on the register here button below to confirm your attendance. Should you have any questions please email Nicole D’Heer Watson on

Register Now (click here)


Event Speakers:

James Austin-Smith - Senior Associate, Campbells Grand Cayman - Commercial Law

James Austin-Smith

+1 345 914 5873
Natasha Partos - Associate, Campbells Grand Cayman - Commercial Litigation

Natasha Partos

Senior Associate
+1 345 914 5888
Alistair J Walters - Partner, Campbells Grand Cayman - Litigation

Alistair J. Walters