Trust and corporate service providers sit in an unusual position under Barbados' AML/CFT/CPF Regulations: designated as DNFBPs and regulated by the Financial Services Commission, yet administering structures — trusts, foundations, international business companies — that require a different due diligence approach than a straightforward corporate customer relationship. A CDD programme built for company shareholders does not automatically cover settlors, protectors, and discretionary beneficiaries properly, and gaps here are a recurring inspection finding.
Our founder, Rhonda Callender, C.Dir., FICA, FCG, brings direct professional experience in trust administration, corporate administration, and private equity administration alongside her governance and AML/CFT compliance advisory work — meaning trust structures are worked with directly, not treated as company administration with an extra due diligence field. Compliance consultant Louis Parris lists Corporate and Trust Service Provider among his independent AML/CFT/CPF audit specialisations, built on more than 30 years in commercial banking and ICA and ACAMS (CAMS, CAMS-Audit) credentials.
Together, that combination — practitioner-level trust administration knowledge and independent audit rigour — is what lets us build AML/CFT programmes and beneficial ownership processes that hold up under FSC inspection, not just under internal review.