Location: Upper Hall, Loch Promenade Church, Douglas.
This DQ Advocates sponsored seminar is with coffee and registration from 12 noon for a prompt 12.30 pm start.
Paul Heckles, AML/CFT Advisor in the Cabinet Office, and Ed Clague, Registrar General, will give an update as to where the Isle of Man is in implementing legislation and IT systems to allow Obliged Entities and public access to the Beneficial Ownership Register. The session will also inform ACSP members as to the position with similar implementation by Guernsey and Jersey, as well as the UK and international positions.
Paul Heckles started his career in 1979 with H.M. Customs & Excise in London. After twenty one and a half years working with Customs, Paul became Head of Enforcement with the Isle of Man's Financial Supervision Commission. After eleven years there, he moved to be the Commissioner of the financial regulator in the Cook Islands. Since returning to the Isle of Man in 2016 Paul has been employed as an AML/CFT consultant in the Isle of Man's Cabinet Office. He has also undertaken short-term advisory roles for the governments of Gibraltar, Malta and Saudi Arabia. Paul has previously undertaken training and project work representing the European Union, the IMF and the Council of Europe in countries such as Kosovo, Northern Macedonia and Turkey. Paul has been involved in the mutual evaluation of the Isle of Man's AML/CFT regime by MONEYVAL. He is a trained international assessor in such evaluations and has previously been part of the assessment teams of The Gambia and Vanuatu. Paul currently acts as the Isle of Man's Head of Delegation to MONEYVAL.
Ed Clague joined the Civil Service in 1990 and has previously held senior roles with Government Technology Services and the Department for Environment, Food and Agriculture. He joined the General Registry in 2013 as Director of Public Services responsible for the Civil, Land and Deeds Registries, Civil Legal Aid and the Public Record Office. In 2015 he led the establishment of the Central Registry combining the Civil, Land and Deeds Registries, and Public Record Office from the General Registry with DfE's Companies Registry. In 2017, the Central Registry added the Beneficial Ownership Register to its portfolio of registers. Ed has held the role of Registrar General with overall responsibility for all aspect of the Central Registry's operations since 2018.
The Companies Registry holds details of more than 25,000 companies and other corporate structures and processes over 80,000 individual transactions per year. The Registry is updating the IT system that supports the Beneficial Ownership Register, to enable identities to be independently verified, and to enable the register to be made public at some point in the future if desired.
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