Alfred Tweneboah
Alfred Tweneboah, director of regulatory affairs and policy at the Cayman Islands Institute of Professional Accountants (CIIPA), participated in a regional anti-money laundering training hosted by the Caribbean Financial Action Task Force (CFATF) in Trinidad and Tobago.
The two-day event was CFATF’s first training session for supervisors of Designated Non-Financial Businesses and Professions, which include accountants, lawyers, casinos, real estate agents and dealers in precious metals and stones. Tweneboah joined other supervisors from the Cayman Islands and across the region to discuss money-laundering and terrorist-financing risks.
Tweneboah outlined CIIPA’s supervisory strategies, challenges in compliance and enforcement, and the use of technology. He said participants were particularly interested in CIIPA’s self-regulatory model and its engagement with the private sector.
“It’s vital for jurisdictions to share experiences and learn from each other,” Tweneboah said. “We’re all at different stages in the assessment cycle, but by coming together we strengthen AML/CFT efforts across the region.”
CIIPA serves as the supervisory authority for Cayman-based accounting firms, overseeing compliance with the territory’s Anti-Money Laundering Regulations through a risk-based approach.
CIIPA Chief Executive Officer Sheree Ebanks said the institute’s involvement in regional and international discussions demonstrates Cayman’s commitment to meeting and anticipating evolving global standards.
The invitation follows other international engagements for CIIPA, including Tweneboah’s participation in a Financial Action Task Force forum in Mumbai, India, and Ebanks’ recent presentation at an Institute of Chartered Accountants of the Caribbean conference in Miami.
