PwC presented 'AML Challenges Explained' to the members of GIFA (Guernsey International Funds Association), on behalf of the GIFA Academy on 10 April 2013.
Presenting on behalf of PwC were Nick Vermeulen, Robert Ayre and Peter Gaudion.
Nick Vermeulen is a Partner of the Channel Islands firm and is based in our Guernsey office. Nick is a Chartered Accountant and is responsible for overseeing the Advisory team in the Channel Islands. Nick has led a number of Anti-Money Laundering assignments, including advising clients on systems and processes, as well as remediation projects.
Robert Ayre is a Senior Associate at PwC, having joined the firm in September 2010. Since joining PwC, Rob has worked on both Advisory and Assurance assignments. Rob has had significant exposure to Anti-Money Laundering based projects at private equity fund administrators, trust companies and wealth managers in the Channel Islands.
Peter Gaudion is a Senior Associate at PwC, having joined the firm in September 2010. Pete is based in the Tax team and has worked on a number of fund, corporate and private client assignments including Anti-Money Laundering based remediation projects.
The presentation covered the AML problem, the local impact, the fines, why AML is a challenge, some of the common pit falls, the implications of getting it wrong, and the strategy for getting it right.
For further information, please contact Nick Vermeulen.