CHARITIES and not for profit organisations are being offered the opportunity to learn about the threats they face from money launderers and those financing terrorism.
The GTA University Centre is providing a free anti-money laundering course aimed at protecting organisations from being targeted and teaching them how to deal with suspicious transactions.
GTA programmes manager Liesel Lindsay said that it was vital charities were in a position to pre-empt criminal activity to avoid financial risks.
‘While the majority of charities and not for profit organisations are used for legitimate reasons, they can be used as money laundering and terrorist financing vehicles. They are in a vulnerable position and can be prime targets for money launderers and those financing terrorism. This course will look at cases from around the world and hopefully help local organisations become better equipped at spotting the signs and dealing with anything suspicious,’ she said.
‘Our course tutors Jo Carre and Brendan Norman-Ross from Active Group have extensive experience in this area and their insight could save those attending from becoming a victim.’
Mrs Carre worked at the Guernsey Financial Services Commission for eight years in the Fiduciary and Intelligence Services Division. She then took on a role as director of compliance consultancy company Active Compliance Services Ltd. She is now Active Group’s product and services director.
Mr Norman-Ross is director of compliance at Active Compliance Services Ltd. Before that he worked in a local law firm primarily within civil litigation. At Active, Mr Norman-Ross is primarily responsible for the management of the Guernsey compliance team and teams of consultants for special projects relating to compliance, regulatory and related services to the financial services industry.
The course, which is worth two CPD points, will be held at the GTA University Centre from 4pm until 6pm on 10 June 2014. For more information contact Liesel Lindsay on 746884 or email [email protected]