Risk Assurance

Our first episode with Liviu Chirita and Kelli Dawson will touch on effective risk management and the emerging role of trusted advisors as the "fourth line of defense" against financial crime.

PwC works as a global network assisting clients in combating financial crime. In this second episode of our discussion series, our PwC specialist  Liviu Chirita is sharing his global experience and insights and discussing how it can be leveraged for the Cayman Islands environment.

Training is a key component in combating financial crime. In this third episode of our discussion series, PwC experts  Liviu Chirita and Kelli Dawson explore questions around who should be attending training, what should be the composition of a Compliance department and what should executive management's involvement be in addressing AML issues.

Following up on our last week's discussion in our series on combating financial crime, PwC specialists Liviu Chirita and Kelli Dawson go more in depth around the composition of a Compliance department, and how technology can help improve effectiveness.

Data is at the heart of any information system. In this week's episode of our discussion series on combating financial crime, PwC specialist Liviu Chirita explains the benefits for financial institutions of understanding their available data and its role in a risk based and evidence based approach, as well as what options of technologies and tools are available.

This week's episode of our discussion series on combating financial crime with  Liviu Chirita and Kelli Dawson focuses on how regulators and countries respond to mutual evaluation reports findings and what makes their response successful.

Last week's episode discussed how regulators and countries respond to mutual evaluation reports findings and what makes their response successful. This week Liviu Chirita and Diana Creciun discuss what should the financial institutions focus on in the specific circumstances of the Cayman Islands and the importance of an evidence based approach.

A lot of our Cayman financial institutions are part of larger groups, implementing group designed policies and procedures around AML. In this week's episode of our discussion series on combatting financial crime, PwC specialists Liviu Chirita and Diana Creciun explore how local teams should work with their group policies and initiatives to ensure effectiveness and local compliance.

In this week's episode of our discussion series on combating financial crime, PwC specialists Liviu Chirita and Diana Creciun discuss the benefits but also the risks of a public beneficial ownership register and why it is important to get this right.

This week's episode of our discussion series on combating financial crime with  Liviu Chirita and Kelli Dawson touches on correspondent banks' expectations of their partners around AML effectiveness and what Cayman financial institutions should do to preserve and maintain their relationships.