New Director Appointed to the Board of the Cayman Islands Monetary Authority

GRAND CAYMAN (Wednesday, 6 August 2014) Ms. Judith Watler attended her first meeting of the Board of Directors of the Cayman Islands Monetary Authority (CIMA) today, 6 August 2014. Ms. Watler's appointment as a Director of the Board by the Cabinet of the Cayman Islands Government took effect on 29 July 2014. She will also serve on the Policy, Strategy and Legislative Sub-Committee of the Board.   

Ms. Watler is Intertrust’s Compliance Director for the Americas, responsible for ensuring compliance with the Anti-Money Laundering ("AML") and Regulatory requirements, as well as compliance with the Group's internal policies and procedures for all jurisdictions in which Intertrust has offices within the Americas region. Additionally, she provides compliance advisory services to clients on AML and regulatory issues, including: drafting manuals, writing policies and procedures, conducting audits and preparing for regulatory inspections. Ms. Watler has been with Intertrust since February 2005, through their predecessor Walkers Management Services (“WMS”). She joined the Compliance Department of WMS in 2005, and was promoted to Director of Compliance for all offices, globally, in 2009.   

Prior to joining WMS, Ms. Watler worked at CIMA for approximately fourteen years. Her most recent position at the Authority was Senior Analyst in the Investments and Securities Division, where she was responsible for the supervision and regulatory compliance of a portfolio of regulated entities and licence holders. During this period, she supervised and managed a team of Analysts and made significant contributions to the on-going assessment of the Cayman Islands regulatory regime by international organisations.

Ms. Watler earned a Bachelor of Arts degree from St. Leo University. She also has a Certificate of Proficiency in Insurance, a Certificate in Offshore Finance and Administration, Institute of Chartered Secretaries & Administrators (ICSA); the CAMS (Certified Anti-Money Laundering Specialist) Professional Designation; FIBA AML Institute Certification; and is a Notary Public of the Cayman Islands. Ms. Watler is a member of the Board of Directors of the Cayman Islands Compliance Association. 

“Ms. Watler has a deep understanding of compliance, from both the industry and the regulatory perspectives,” said Financial Services Minister Wayne Panton. “As a CIMA board member, her balanced viewpoint will contribute greatly to the Authority’s policy development and general administration.”