One of the world's leading experts in financial services regulation and financial crime in offshore centres will give a talk to business leaders next month.
Stephen Platt, a professor in law at Washington DC's Georgetown University, who is based in Jersey, will talk to senior members of the trust and fiduciary industry including managing directors and compliance managers about financial services regulation and the impact on national and international economies, at an event hosted by Investec Specialist Private Bank.
He will address key issues in the market that include global risk, FACTA, the Bribery Act and Sanctions. Attendees will have the chance to quiz the professor after his presentation.
The event is an example of Investec's ongoing commitment to work in partnership with its clients by allowing access to experts in the field and to provide the best service and standards of an international financial centre.
'I am delighted to have been invited to speak to members of Guernsey's business community and impart some of my knowledge on current issues affecting the global financial services industry, which include in particular the ever-growing topic of regulation and financial crime,' said Professor Platt.
Professor Platt also regularly advises many of the world's largest non-US banks on risks of criminal and civil liability relating to breaches of Office of Foreign Assets Control (OFAC) sanctions and Anti-Terror Act legislation. He acts primarily for institutional clients and regulatory authorities globally. For the former he advises on governance, risk management and regulatory compliance. For the latter he conducts regulatory inspections and provides advice on AML/CTF rules and the regulation of trust companies, banks and investment business.
Professor Platt regularly advises companies, individuals and governments on sensitive matters such as sanctions, money laundering, corruption and asset recovery, with international expertise and a strong knowledge of the inner workings of US state and federal regulations and legislation.
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