Members of the Councils of the Institute of Chartered Accountants of the Eastern Caribbean (ICAEC) recently participated in the inaugural International Federation of Accountants (IFAC)–International Bar Association (IBA) Professional Body Anti-Money Laundering Capacity Building Workshop, held in the Cayman Islands from October 28 to 30, 2025.
Andrea St. Rose, President of the ICAEC, and Joanne Cooper, Public Relations Officer, represented Saint Lucia.
The three-day workshop brought together accounting and legal professionals from across the region to strengthen their role as “gatekeepers” in the global fight against money laundering, terrorist financing, and proliferation financing.
Experts from the Financial Action Task Force (FATF), Caribbean Financial Action Task Force (CFATF), IFAC, IBA, and the World Bank provided valuable insights and best practices to enhance professional vigilance and compliance.
Key areas of focus included beneficial ownership transparency and the responsibilities of Designated Non-Financial Businesses and Professions (DNFBPs) such as lawyers and accountants in upholding international standards and protecting the integrity of financial systems.
Following the workshop, the ICAEC Saint Lucia Branch reaffirmed its commitment to collaborate with the Financial Intelligence Unit (FIU), the National Anti-Money Laundering Oversight Committee (NAMLOC), and other regulatory bodies to promote awareness, strengthen professional capacity, and educate members and the public as Saint Lucia prepares for the upcoming 5th Round Mutual Evaluation.
