No human trafficking reports in TT

However, he said he is hoping to have indepth discussions on all these subjects at the Caribbean Fraud Conference 2017 to be held from June 5-6 at the Radisson Hotel, Wrightson Road.

Chambers was speaking at a news conference at the Normandie Hotel, St.

Ann’s to launch the conference which he said would focus on the Foreign Account Tax Compliance Act (FATCA); Human Trafficking and Financial risks and personal safety issues.

Gillian Ash-Henry, a director of the company, said it was important for firms to establish whistleblower policies within their organisations.

She said that employees should feel safe informing management of improprieties and fraudulent activities within the firm. The launch included several of the speakers who will make presentations at the conference.

Ash-Henry said the conference was planned because the Global Forensic Institute has seen that there are risks that companies are not aware of and they see this frequently when the institute does fraud investigations, compliance matters and compliance audits.

She said the conference will provide education and ensure that compliance professionals will leave the two day meeting able to return to their companies and effect change.

She said there will be many international and regional experts who will be able to provide a level of training that is not usually accessible to professionals.

One speaker, Jennifer Koo Rogers, Chairman of the Interbank Anti-Fraud Committee of the Bankers Association of Trinidad and Tobago (BATT), said organisations lose more than five percent of their revenues through occupational fraud, a subject she said will be discussed in greater detail at the conference. She warned that businesses are at risk from employees who are familiar with the operation of the company and can take advantage of that familiarity to commit fraud.

Another speaker, Kathleen Charles Jackson, Ethics and Compliance Manager at BP Trinidad and Tobago, said the conference will sensitise participants about anti-bribery and corruption (ABC) and anti-money laundering (AML) risk and the consequences associated with those risks.

She said she will address the conference about the consequences of non-compliance with the requirements and raise awareness of the penalties associated with non-compliance.