The Chartered Governance Institute - Isle of Man

It was a privilege to introduce Maria Bridson to our members to discuss Modern Slavery. Maria gave members a fascinating and eyeopening update on the scale of modern slavery around the world and here on the Island. There are plenty of cases that take place right in front of us. The victims deserve our diligence and rely on us reporting questionable activity. Are any premises occupied by numerous people? Do you see people leaving early for work, eyes cast down? Please do not ignore the problem and issues. We would encourage everyone to write to their MHK to raise awareness and push for effective legislation. At work, you should examine your compliance procedures and check to see how your client companies, suppliers or clients might be involved in the slave trade. There are more slaves today than during the slave trade. Let's all take action to stop it where we can. Juan Moore President

We are pleased to share our President, Juan Moore's thoughts on the recent failings of Tom Moore's charity.

Please see the latest from the FSA: November 2024 update from the IOM Financial Services Authority   The Isle of Man Financial Services Authority has issued its latest update for stakeholders.   The November 2024 bulletin includes an introduction from CEO Bettina Roth, an overview of our Strategic Plan for 2024-27, details of planned improvements to our AML/CFT Annual Return and the findings of two recent questionnaires.   We also highlight our roadmap to implement Basel III liquidity requirements, recap changes to the Island’s AML/CFT framework and provide an update on action taken in response to the industry survey.   Information, support and guidance are available via recordings from the Countering Financial Crime Conference and our event for senior compliance professionals, while there is news about the first in a series of videos regarding proliferation financing.   The bulletin can be viewed via this link: https://lnkd.in/ep8VdQqp   Contents   CEO blog Setting out our strategic plans Improvements to AML/CFT Annual Return Supporting the Sustainable Finance Initiative Roadmap to implement Basel III liquidity requirements Videos to raise awareness of PF risks Conference highlights efforts to counter financial crime Thematic questionnaire findings published Recording of compliance event published Action Plan Update highlights progress on key workstreams Update of Island’s AML/CFT framework Busy programme of engagement In case you missed it…  

Could all members please remember that our AGM takes place on Wednesday 4th December. It will be good to see a full turnout. We are your council and your support throughout the year is appreciated. This is your opportunity to have your say and tell us how we can better support you. Volunteer members for Council would also be hugely appreciated. The AGM will be followed by a presentation from Conn Cleary from CGIUK on Corporate Governance Hot Topics. Further details and how to book can be found here: https://lnkd.in/ebQ8JcPu

Please join us for this important presentation and learn about the problems of modern slavery, we on the Island are not exempt and must all act. There are a few spaces remaining.

The London Institute of Banking and Finance, in collaboration with the UCM and the Department of Education, Sport and Culture have devised a Financial Services Apprenticeship Programme whereby employers can put forward members of staff to undertake a HNC for business (level 4 qualification) and an appropriate professional qualification, which would be the initial stage of STEP or CGI for the TCSP market. Employers would have to commit to allowing 1 day per weekday release for apprentices to attend the UCM and full funding for the HNC and 30% of the professional qualification would be funded by the IOM Government. See attached slides for further information. We have been very supportive of this initiative and assisted the Banking Institute in ensuring a CGI module was include. This programme will provide a good grounding in various disciplines with knowledge and understanding of other sectors. This will give school leavers who might not wish to attend university an additional option. We would like to thank the Bankers, and especially Colin Peters, for not giving up on this project and seeing it to fruition. Please consider this scheme for your staff. Juan Moore President

Please see the latest newsletter from the Wellbeing Committee. The subject for this quarter is wellbeing in the workplace. This is taken from the theme of this year's world Mental Health Day: Mental Health a Work. This should not be for just one day but incorporated within every workplace. Please let us know if you would like to join the Wellbeing Committee in their invaluable work. https://lnkd.in/egmc8QFh

Maria Bridson is giving a presentation on Insights into Modern Slavery and Labour Exploitation in the Isle of Man on 28 November 2024 organised by The Chartered Governance Institute UK & Ireland. CGI members - free entry and £15.00 fee for non-members Book your space by following this link:   https://lnkd.in/e7XQDjq6 #modernslavery #iomtalk #presentation

Good Luck to All Students Sitting Exams! The Isle of Man Branch Committee would like to wish good luck to all of our student members sitting exams in the next two weeks and wish you every success.