Anguillan officials speak on regulatory environment

Saturday, March 27, 2004

MIAMI, USA: Deputy Director of the Anguilla Financial Services Commission, Carlyle Rogers, and the Government Registrar of Companies, Lanston Connor were due to speak at the 4th Annual Conference of the Royal Society of Fellows in Miami, on Thursday and Friday.

According to the FSC, Mr Rogers was to sit on a panel entitled "New Legislative Regulatory and Policy Developments in International Financial Centers".

The two men planned to use the opportunity to highlight the recently launched review of the jurisdiction's trust legislation, and to spread the word regarding developments in the laws governing mutual funds, insurance, and protected cell companies.

Speaking earlier this week, Mr Rogers said, "I feel that not only should we promote Anguilla as the jurisdiction of choice for the 21st century but as a regulator, I should add to the international debate as to best practice and the regulatory regime to come."

"I will use my panel to discuss specifically the new FATF 40 recommendations to combat money laundering and the financing of terrorism as well as to comment on the OGBS Statement of Best Practice for company and trust service providers. I feel that both regulatory regimes are important and we should discuss their impact on the industry and how best we can utilize them to make good regulation a competitive advantage as opposed to a burden for our practitioners," he continued.

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