Stephon Grey Profile 2015

STEPHON GREY CFE, CICA - EXECUTIVE PROFILE
FORENSIC CPA EDUCATOR
Email: rcfenet@gmail.com Mobile: 1 868 341 2284
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EXECUTIVE
PROFILE
MR. STEPHON GREY: CFE,CICA

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Executive Overview
Stephon Grey is a Certified Fraud Examiner, Certified Internal
Control Auditor and Forensic CPA Educator. His expertise has
been acknowledged regionally and internationally through the
performance and management of numerous assignments in
territories including Thailand, Ecuador, Barbados, St. Kitts,
Suriname, Jamaica, Grenada, Guyana, Trinidad and Tobago, and
New York. Before specializing in Forensic and Fraud Auditing, he
worked in the energy, banking, and audit services sector.
Currently, Mr. Grey serves as an Independent Forensic Consultant, whose services are offered
throughout the Caribbean. Mr. Grey is also the Director of Education at The Caribbean Institute
of Forensic Accounting, and a Forensic CPA educator with the Forensic CPA Society USA.
(3) Noteworthy of his assignments include;
UK Oil & Gas Company - Currently serves as the Independent Assessor at one of the UK’s
largest gas companies, operating in the Caribbean, where he executes contract audits on several
multi-million dollar projects, as required under the UK Anti-Corruption & Bribery Act. He has
executed 62 assessments thus far, from 2008 to present, resulting in millions of dollars in savings,
through fraud detection and compliance exercises.
The Grenada National Stadium - Served as the Forensic Auditor on behalf of the liquidator for
ICS (Grenada) LTD. Re: “The Grenada National Stadium controversy” This multi-million dollar
matter surrounding the structural collapse of a football & athletic stadium was heard in The
International Court of Arbitration and the High Courts of Grenada. Asset Tracing identified Cash
and Offshore Bank Accounts.

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The Great 60 Million Con – Served as a sub-contractor to Kroll UK ltd, in a case where The
National Energy Corporation (NEC) officials discovered millions of dollars missing from its USD
Account. The fraudster posed as a courier of NEC and presented to the corporation's bankers, wire
transfer documents bearing signatures of NEC officials as well as email confirmations to facilitate
the wire transfers. Money was transferred to Bank accounts in Boston, Antigua, Dubai and
Guyana. A manhunt led by Interpol, the Federal Bureau of Investigation and our private
investigative team to identify and capture the fraudster and his associates. Approximately US$4.6
million was recovered by the state bank from foreign financial institutions. Approximately US$5.0
in overseas bank accounts was frozen.
 Kroll UK Limited
 Americas Market Intelligence - Miami
 BWIA West Indies Airways Ltd - New York Office
 The International Labour Organization
 ICS (Grenada) Ltd
 Republic Bank (Guyana) Ltd
 The Tobago House of Assembly
 Dunn Pierre Barnett & Associates (Jamaica)
 The Jamaican Stock Exchange
 Guyana Revenue Authority
 Grencan Investments (Grenada) Limited
 BG Trinidad & Tobago Ltd
 Atlantic LNG Company of Trinidad & Tobago
 Phoenix Gas Processors Ltd
 Agricultural Development Bank
 Telecommunication Service of Trinidad & Tobago (TSTT)
His Clientele Has Included:

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 SPORTT Company of Trinidad & Tobago
 Export - Import Bank of Trinidad & Tobago
 CLICO Investment Bank
 NIPDEC
Top Ten Accomplishments:
 Prevention of a contract to have been issued to a phantom vendor in security services. The
cost of the contract was approximately, TT$23 million over a 3 year period.
 Appointed lead Forensic Auditor, for ICS (Grenada) Ltd. Re: “The Grenada National
Stadium controversy.’’ as the Forensic Auditor of the liquidation team.
 Selected by one of the Caribbean’s leading commercial banks to conduct a security audit
on their Guyana operations following a $54 million dollar bank robbery.
 Selected by one of the Caribbean’s leading commercial banks to conduct forensic audit
following the misappropriation of $18 million dollars in Guyana.
 Executed the Process Re-Engineering of the financial operations for an International
Airport.
 Appointed Contract & Compliance Forensic Consultant for a major Governmental Body,
subsequently leading to 3 successful cases in 2 years.
 Successfully completed 2 major forensic investigations for an airline, at its New York
based offices into the misappropriation of cash.
 Successfully completed a major forensic investigation for a financial institution which
revealed the misappropriation of approximately $1.9 million dollars.
 Completed successfully 2 forensic audits for a Telecommunications company, solving a
$6 million dollar misappropriation of company funds, using procurement schemes.
 Successfully completed over 60 Independent Assessments of contracts in the energy sector
of Trinidad & Tobago.

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In collaboration with the Caribbean Institute of Accounting, Mr. Grey's facilitations have attracted
the following clientele:
TRINIDAD & TOBAGO:
Ministry of National Security, Ministry of Auditor General's Department, British Gas of Trinidad
& Tobago (BGTT), Integrity Commission of T & T, National Energy Corporation of T&T,
Phoenix Park Gas Processors Ltd, the Trinidad & Tobago Solid Waste Management, Ministry of
Local Government, Republic Bank Limited.
BARBADOS
Barbados National Oil Company Ltd, United States Embassy, KPMG, Barbados, Barbados Port
Inc.
DOMINICA
Integrity Commission, National Bank of Dominica, Office of the Auditor General, Office of the
National Housing.
GRENADA
Grenada Electricity Services, Financial Intelligence Unit, National Insurance Scheme.
GUYANA
Auditor General Office, the Institute of Internal Auditors, CARICOM, Institute of Internal
Auditors.
SURINAME
Central Bank of Suriname, Harinbank, Supreme Audit Institute of Suriname, Georgetown Public
Hospital.

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ST. LUCIA
Customs & Excise Department, Ministry of Infrastructure, SLASPA - St. Lucia Air and Sea Ports
Authority.
ST. KITTS & NEVIS
Accountant General's Office, Inland Revenue Department, Pannell Kerr Forster.
ST. VINCENT & THE GRENADINES
Ministry of National Mobilization, Treasury Department, St. Vincent Electricity Services Ltd.

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He has guest-lectured as well as delivered special addresses at numerous Anti-Fraud, Compliance,
Money Laundering & Forensic Workshops and Conferences both locally and regionally, and are
listed hereunder:
 Hong Kong, C5 Fraud, Asset Tracing & Recovery Asia Conference Speaker:
‘’Follow the Money: Tracing the Proceeds of Fraud and Corruption into Key Offshore
Jurisdictions’’ June 23rd
& 24th
, 2015, InterContinental Grand Stanford Hotel Hong Kong,
China
 Jamaica, The Office of the Contractor General Inaugural Anti-Corruption
Conference Speaker: A Guide to Managing Procurement Fraud Risk,’’ March 9th
to 11th
,
Knutsford Hotel, Kingston Jamaica.
 Caribbean Fraud Conference Speaker: “A Guide to Managing Procurement Fraud
Risk,’’ June 9th 2014, at Hilton Trinidad and Tobago.
 Caribbean Public Procurement Conference Speaker: “A Guide to Managing
Procurement Fraud Risk,’’ December 2nd
2014, at Hyatt Regency Trinidad and Tobago.
 Ecuador, 2014 Global Forensics Conference, “BDO Asset Tracing Case Study,”
November 2nd
2014, at J.W Marriott, Quito, Ecuador
 The Barbados Chapter of the Institute of Internal Auditors – ‘’Establishing an Anti-
Fraud Culture,’’ November 19th
2014, at Accra Beach Hotel, Barbados.
 Thailand, ICC Fraudnet Meeting, “Successful Global Asset Tracing 5 Case Studies,’’
October 16th 2014, at Hotel Softel, Bangkok Thailand.
Speaking Engagements:

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 The Institute of Internal Auditors, Guyana Chapter, featured speakers Stephon Grey
and Sean Hoyte - Cyber Crime Consultant, ‘Auditing IT in Digital Forensics Environment’
27th and 28th, November 2013 Regency Suites, Hadfield Street, Georgetown.
 The Barbados Chapter of the Institute of Internal Auditors – ‘’Fraud Risk
Management,’’ November 18th
2014, at Accra Beach Hotel, Barbados
 The Integrity Commission of Grenada – ‘’Introduction to Forensic Investigations’’ –
July 14th
2014.
 Export Import Bank of Trinidad and Tobago (Eximbank) Financial Institution
Compliance in an Anti - Fraud Environment, Wednesday 11th December, 2013, Eximbank,
Port of Spain.
 The Institute of Internal Auditors (IIA) Guyana Chapter, “Forensic Investigations, 5th
September 2013, Regency Suites Hotel, Georgetown, Guyana
 The Institute of Internal Auditors (IIA) Guyana Chapter, “The Role of the Auditors in
Money Laundering, 4th September 2013, Regency Suites Hotel, Georgetown, Guyana.
 APEX Forum - A Proper Procurement Framework as a Tool for National Development,
July 6th, 2013 HYATT Hotel, Port-of-Spain.
 Jamaica Stock Exchange Speaker on Combating Financial Fraud, April 11th 2013 Terra
Nova All Suite Hotel.
 BDO St. Lucia - Introduction to Investigations, March 2013.
 Caribbean Institute of Forensic Accounting (Trinidad), ‘’Tracing & Recovering
Assets” March 4th 2013, Neal & Massy Training Room.

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 BG Trinidad & Tobago Ltd (BGTT) ‘’Fraud Awareness in Contract & Procurement’’
March 7th, 2013, ‘’General Fraud Awareness’’ ‘’Conducting Internal Investigations’’
‘’Contract & Procurement Fraud’’, November 27th, 28th, & December 8th, 2008.’
 iGovTT Speaker in the National ICT Business & Innovation Symposium November
18th - 20th 2012.
 National Energy Corporation of Trinidad &Tobago Internal Controls for Fraud
Prevention & Detection” September 25th 2012.
 Arthur Lok Jack ‘’Fraud Risk Assessment’’ “Procurement Fraud Workshop” September
14th, 2009 and April 11th & 12th, 2012.
 Guyana Revenue Authority “Forensic Auditing and Investigations September 10th -
13th, 2012.
 Caribbean Institute of Forensic Accounting (Guyana) ‘’Fraud & Forensic Auditing’’
May 24th & 25th, 2012 at the Grand Coastal, Guyana.
 The Institute of Internal Auditors (IIA) ‘’Fraud Typologies’’ September 20th, 2006 at
the Marriott Hotel, Trinidad.
 The Tobago House of Assembly (THA) ‘’Fraud Risk Management’’ September 22nd,
2005 at the Mt. Irvine Golf Resort, Tobago.
 Guardian Management Services (GMS) ‘’Interviewing Techniques to Reveal Fraudulent
Intent’’ July 21st, 2005 - In House training.
 The Grenada Chamber of Industry & Commerce (GCIC) ‘’Fraud Typologies” June
23rd & 24th, 2005 at the Grand View Inn, St. George’s, Grenada.

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 Caribbean Institute of Forensic Accounting (Suriname) Fraud & Forensic Auditing’’
June 7th & 8th 2012 at the Marriott, Suriname.
 Phoenix Gas Processing Ltd “Fraud Detection, Investigation and Prevention” May 30th,
2012, “Conducting Internal Investigations” August 21st &22nd 2011.
 3rd Caribbean Public Procurement Conference Speaker: “Contract and Procurement
Fraud,” “Forensic and Investigative Accounting” October 18th & 19th 2012 Hyatt Regency
Trinidad and Tobago Export Import Bank of Trinidad and Tobago Corporate
Governance December 15th 2011.
 College of Science & Tertiary Education of Trinidad and Tobago (COSTAATT)
‘’Legal Elements of Fraud’’ November 17th, 2012, City Campus, Trinidad.
 Dunn Pierre Barnett & Associates “Forensic Auditing & Contract & Procurement Fraud”
May 11th and 12th, 2010 and May 15th and 16th, 2012 at the University of the West Indies,
Jamaica.
 Atlantic LNG Company Limited Contract and Procurement Fraud Feb 14th & 15th,
2011.
 The Institute of Banking & Finance (IBAF) ‘’Internal Fraud &the Auditor’’. ‘’An
Introduction to Forensic & Fraud Auditing’’ ‘’Conducting Effective Internal
Investigation’’ ‘’Tendering, Contract & Procurement Fraud’’ May 16th 2007, May 14th
& 15th 2008, September 11th & 12th 2008, November 24th & 25th 2008, at the Hotel
Normandie, Trinidad.
 Colonial Life Insurance Company (COLFIRE) at ‘’Insurance Fraud Schemes & Money
Laundering’’ June 4th, 11th, 18th & 26th, 2005 In House Training.
 The Association of Trinidad & Tobago Insurance Companies (ATTIC) ‘’Interviewing
Techniques to Reveal Fraudulent Intent’’ May 9th, 2005 at the Hotel Normandie, Trinidad.

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 Caribbean Institute of Forensic Accounting (St. Kitts) ‘’Fraud & Forensic Auditing’’
September 14th & 15th 2012 the Marriott, St. Kitts.
 CLICO Investment Bank (CIB) ‘’Anti-Money Laundering’’ ‘’the Criminalization of
Money Laundering’’ November 24th, December 1st & 8th, 2007, November 29th, 2008.

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BARBADOS ARTICLE
Media Profile Of Mr. Stephon Grey’s Assignments :

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GRENADA ARTICLES

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TRINIDAD & TOBAGO ARTICLES

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THE GREAT $6Om CON
Man walks into bank and defrauds National Energy Corp
By Curtis Rampersad Publications Editor
Story Created: Nov 10, 2011 at 10:59 PM ECT
Story Updated: Nov 10, 2011 at 10:59 PM ECT
A conman defrauded the National Energy Corporation (NEC) of US$9.6 million (TT$61.7 million) in September by presenting false
documents to the corporation's bankers which enabled money to be transferred to several bank accounts around the world.
The world's largest international police organisation, Interpol, the Federal Bureau of Investigation (FBI) in New York, international
private investigators and the local Fraud Squad have now launched a manhunt to capture the thief and his associates who were
involved in the wire transfer fraud.
About US$4.6 million of the illegally wired money has already been recovered by State bank First Citizens from foreign financial
institutions while almost all of the remaining US$5 million in overseas bank accounts has been frozen, Energy Minister Kevin
Ramnarine said yesterday.
Four NEC officials have been sent on administrative leave with full pay while investigations into the wire transfer fraud continue,
a representative of the company confirmed to the Express yesterday.
Ramnarine said he was informed that employees at First Citizens were also suspended. First Citizens is the NEC's corporate
bank.
The NEC is located at Brechin Castle, Pt Lisas. It was incorporated in 1979 to work to monetise the country's natural gas resources
and assisted in construction of the port and marine infrastructure at the Pt Lisas Industrial Estate.
The conman posed as a courier of the NEC and walked into a branch of First Citizens around September 23, just before the
Republic Day public holiday, sources close to the investigation said.
He presented four wire transfer documents bearing signatures of NEC officials to facilitate the transfer of funds to overseas bank
accounts in Boston, Antigua and Dubai, sources said.
A source described the fraud as a coordinated effort which involved several people pretending to represent different companies
in at least three countries.
The conman also had what appeared to be legitimate e-mail confirmations to facilitate the wire transfers, the source said.
Speaking yesterday at the post-Cabinet press briefing at the Office of the Prime Minister in St Clair, Ramnarine said the companies
and individuals involved in the wire transfer fraud had no previous connections to the NEC.
He confirmed that First Citizens chief executive officer Larry Howai had recused himself from all decisions related to the
investigation because he is also the chairman of the NEC.
Ramnarine said the NEC became aware of the incident on September 26 when officials discovered US$9.6 million missing from
its US dollar account.
The NEC contacted First Citizens and notified the Ministry of Energy and Attorney General Anand Ramlogan who has been
advising on the matter.
First Citizens then blocked the transfer of funds and alerted Interpol, the FBI and the Fraud Squad and hired international private
investigators to assist with "identifying and bringing the culprits to justice", a statement from the Ministry of Energy said earlier
yesterday.
In a statement to the Express yesterday, the NEC said the investigations were sensitive in nature but it had confidence in the
teams investigating the matter.
The company said it was satisfied with the progress made to date and would spare no effort in "ensuring that the public monies
are recovered in the interest of the people of Trinidad and Tobago".
Ramnarine said the fraudulent wire transfer would not affect the performance of the NEC or the National Gas Company. The NEC
is a subsidiary of the NGC.

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GUYANA ARTICLES

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Participants of the IT Auditing Seminar at Regency Suites being coached by Instructor, Sean Hoyte.
IT auditing workshop geared to develop skills in digital forensics, cyber-security- sees need for
Cyber-security Faculty in Guyana
THE Institute of Internal Auditors, Guyana Chapter, in collaboration with BDO Forensic Accounting
Limited of Trinidad and Tobago, last week conducted its third and final Seminar/Workshop for the
year on ‘IT Auditing’, moving progressively closer to developing a cadre of auditors and others who
will be well versed in digital forensics and cyber-security. The workshop was held at Regency Suites,
Hadfield Street, Georgetown, over two days – November 27 and 28 – and brought together more
than 70 enthusiastic participants from more than 25 public service and public sector organizations,
for an inspiring and brain-storming forum, on ‘Audting IT in Digital Forensics Environment’.
Computer forensics is basically a new concept in most of the Caribbean Islands where it has been
introduced over the last five years. He said, whereas, previously financial fraud was committed,
‘on book’ today everything is put into a computerized system… “So we just have to be equipped
with the tools to go into a computerized system to conduct the audits, and not just on paper
anymore.” – Stephon Grey
The resource persons were BDO Director Stephon Grey, CFE, CICA and Sean Hoyte, MSc Forensic
Information Technology, both of Trinidad and Tobago. The Trinidad BDO Forensic Accounting Ltd is
a member of the UK-based BDO International Ltd.
Facilitators of the IT Auditing Seminar/Workshop held at Regency Suites last week. (From left: BDO
Trinidad Director, Stephon Grey and Cyber-Crime and Cyber-Security Consultant, Sean Hoyte.
In brief remarks to the gathering, Mr. John Seeram, Immediate past President of the IIA Guyana
Chapter, said that as part of the Global IIA, the Guyana Chapter is required to engage in staff
development training, as part of its education delivery programme.He reminded the practising
internal auditors that the Chapter has a major role to play in the development of their professional
practice.
The first seminar conducted here for the year was on ‘Communication Skills for Auditors’, presented
by Mr. Larry Kowlessar of the Trinidad andTobago IIA Chapter. The second which addressed two-
fold topics on “Forensic and Investigative Accounting” and “The Role of the Internal Auditor in
detecting money laundering transactions”, was presented by Mr. Stephon Grey, Director, BDO
Forensic Accounting, Trinidad and Tobago.
Meanwhile, SeonHoyte, a cyber-security and anti-crime consultant private sector representative,
was the presenter at this most recentseminar/workshop. Hoyte is also Managing Director of Cyber-
Security and Anti-Crime Services Ltd (CSACS), a cycber-security and law enforcement training and
investigations agency that provides training and consultancy services throughout Trinidad and
Tobago.

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Facilitators of the IT Auditing Seminar/Workshopheld at
Regency Suites last week. (From left:
BDO Trinidad Director, Stephon Grey and Cyber-Crime
and Cyber-Security Consultant, Sean Hoyte
‘On-book’ Auditing
Grey said computer forensics is basically a new concept in most of the Caribbean Islands where it has been introduced over the last five years.
He said, whereas, previously financial fraud was committed, ‘on book’, today everything is put into a computerized system… “So we just have
to be equipped with the tools to go into a computerized system to conduct the audits, and not just on paper anymore.”
With auditing, a sampling activity done by firms, auditors have been trained to conduct, more or less ‘on book’ exercises, so that the auditors
might not necessarily pick up all or just any of the discrepancies. “But in most frauds, there is ‘on book’ and ‘off book’ elements involved,” he
reasoned.
Grey said that since in auditing, the accountants work with just books, where a person having committed a crime would have ‘doctored’ the
books to get the results they wanted, on paper, it may look as though that person is innocent. But if you interview them you might realize that
they are telling a lie. Forensic auditing on the other hand looks at both ‘on book’ and ‘off book’ elements.
Forensic Auditing
Forensic accounting goes into the system, and based on an allegation or a hint – the forensic auditors go after everything, holistically, to find
whether fraud has taken place.
Grey also made reference to computerized crimes, pointing to the use of the server to store information, and added that even such technology
is being surpassed by what is known as ‘cloud computing’. Cloud computing is aa new paradigm that offers a huge amount of computer and
storage resource to the masses. It offers internet-based storage for files, applications and infrastructure.
“But most firms now are going ‘cloud computing’. They don’t need a server to store their information, but send the information to cyberspace
to store it. So if there is no server, you now have to know how to go to the Cloud to retrieve the information. So those are some of the new
concepts, and technology is moving very fast. So it is all these technological advances that are causing the upsurge in cyber-crimes. Thus we
now have to teach the auditors the technology,” Grey said.
Cyber-security
And cyber-space security and anti-crime consultant, Sean Hoyte who conducted the seminars summed up: “The objective really is to sensitize
people on cyber-crime and cyber-security. Crime is not only the police business; It is everybody’s business, so that is the aim today – to widen
everyone’s scope on computer crimes, and have them understand how terrorists use technology to commit crimes, etc.”
Expressing satisfaction with the response by the participants, Hoyte said even though some participants would have been exposed to such
concepts, they never went to the extent of the courtroom.
“A lot of persons know about IT; they know about auditing, but what we brought to the table today, is the forensic side of auditing, and IT.
And when we say forensics, we mean ‘to the courts’. Forensics always ends up in court. It entails: How do we prepare and package evidence
for court purposes; explaining it to a jury in a terms they would understand so we can secure conviction. So all this is in the aim of combating
cyber-terrorism; white collar-crime, computer fraud, etc.”
And the next step for the participants: Hoyte noted that, as is the case with his students in Trinidad, he would recommend certain programmes
they can pursue, but invariably, these will have to be done overseas. But the aim is to set up a Cyber-security Faculty in Guyana, which should
be affordable and reachable to all the students/participants of the seminar.
Participants’ response
Meanwhile, participants have expressed being highly satisfied with the seminar/workshop and commented:
* “This seminar/workshop is timely indeed for the country and for us as auditors because right now the country needs legislation concerning
these cyber-crimes. People commit these crimes which might be considered ‘white collar crimes’ and naturally should be prosecuted.
* The seminar is so informative and it helps us so much – how to take care of the evidence; how to present it in court. So at the end of the
day you can have results from whatever fraud is committed.
* The course is in direct response to the need for tracking down cyber- crimes. It is helpful because we are having a lot of these crimes, in
regards to money laundering, money transfer, etc.
* Even though we would have discovered the fraud, while we may think you have enough evidence to take them to court, without the
legislation we cannot.

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Auditors workshop hone in on fraud, dirty money transactions
September 6, 2013 Byadmin
IIA Guyana Chapter Governor Ramesh Seebarran
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The Institute of Internal Auditors (IIA) Guyana Chapter hosted another accounting skills seminar, with the focus
on improving the skills of auditors in detecting money laundering transactions.
The two-day training seminar/workshop is intended to aid local auditors to detect problems, weaknesses
and deficiencies in their audits.
It was organised by the Guyana Chapter IIA and attracted some 82 participants. The seminar, which began on Wednesday, dealt with tools
and techniques for forensic auditing and also catered for management personnel, accountants and financial and human resource managers.
The seminar held at Regency Suites Hotel, Hadfield Street, Georgetown, was facilitated by Stephon Grey, a certified fraud examiner,
certified internal control auditor and forensic public accountant educator.
Speaking to Guyana Times on Thursday, IIA Governor Ramesh Seebarran of the Bisheswar, Seebarran& Co Chartered Accountants said the
first day of the event involved forensic and investigative accounting while the second day focused on the role of internal auditors in
detecting money laundering transactions.
Right tools
Workshop facilitator Stephon Grey
“Over the two days, we try to ensure that we equip auditors with the kind of tools that they need to go into the dynamic workplace to
function properly and get results from their audits,” said Seebarran.
“If they find something, they go through a proper mechanism so they could remedy those deficiencies. So our whole purpose is to improve
the competence of practicing auditors,” he explained. According to Seebarran, given what is happening in the world with money laundering,
the IIA (Guyana) believes that Guyana needs to step up to the plate and not be left behind.
He said not only auditors are participating in the seminar, but also other parties affiliated with the field.
“Today’s session included people outside of the internal audit profession such as compliance officers, external auditors… so we are looking
at a cross-session of participants,” he said.
Seebaran further explained that participants are attracted to seminars based on the topics of the assignment.
Money laundering
“Especially since the two topics are extremely important… given what is happening in the
whole world with money laundering, especially Guyana with the money laundering amended
legislation… we want to be ahead of the game and bring together the internal auditors,
external auditors, compliance officers , accountants, with the hope that when they go back
to their respective organisations, they will be able to use the knowledge gain to assist their
organisation to be able to implement system and procedures and recognise discrepancies,”
he added. Noting that the IIA Guyana Chapter hosts three seminars for the year, Seebarran
said the seminar is the second for the year and another will be held in November.
“It is somewhat a yearly initiative to have seminars to get internal auditors more involved in what is happening in their field and how to
relate it to Guyana,” said Seebarran.
He continued, “In Guyana, there are a lot of suspicions with money laundering, but nothing has happened over the years and we hope with
this workshop, we will equip the participants with the necessary skills in that area.
“We need to encourage better forensic accounting and this seminar will hopefully aid in that; also to build confidence and deal with money
laundering,” he said.
Convictions
Meanwhile, facilitator Stephon Grey said convictions in the Caribbean relating to money laundering are very low.
“The topics of the workshop were chosen with the hope to deal with misappropriations internally. There is somewhat a low participation
from the bodies that would be part of the prosecution process relating to money laundering throughout the Caribbean,” he said, noting that
“the seminars looked at the internal factors of money laundering, fraud and misappropriations on the books.
This hopefully will enhance the skills of auditors and investigators in the region to be more effective and here in Guyana will give Guyanese
financial auditors the required skills to do ‘off the books’ and ‘on the books’ investigations”.

Stephon Grey Profile 2015

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