Building on similar presentations regarding source of wealth and its importance as part of the due diligence process far beyond a tick-the-box approach, Nadia tailored the discussion to Gibraltar’s ecosystem, offering practical strategies for onboarding HNWIs and UHNWIs, navigating high-risk jurisdictions and complex structures, and mitigating third-party and counterparty risk.

Using real-world insights and case studies, Nadia highlighted the need for enhanced due diligence and source of wealth reports and how such investigations can protect companies from reputational and regulatory risks.

Represented by Roi Lavi, Managing Director for Europe, and Miriam Goldman, group COO, the two enjoyed meeting peers from various industries and participating in insightful sessions. This includes a panel on the first day that was moderated by Roi on the geopolitical impact on investigations. Joined by Salim Kiwirra, Nicolas Graber, Stefano Barone, and Michele Poffo, they tackled topics from the 2014 sanctions against Russia to the current blockade of the Strait of Hormuz.

A heartfelt thank you to the organizers and fellow speakers for fostering engaging discussions on key topics.

After an impressive presentation to STEP Cayman in April, its sister organization STEP Guernsey invited Nadia to give a seminar on source of wealth and its importance as part of due diligence.

Aiming at providing practical examples and real-world challenges, while triggering interesting discussion, she emphasized why source of wealth involves substantially more than a tick-the-box approach (warning against, among others, the risk of “comfortable familiarity”), key distinctions between source of wealth and source of funds, and how organizations can build stronger, more risk-based due diligence frameworks.

Nadia’s presentation to STEP Cayman members provided practical lessons and insights into how international financial centers, including Cayman specifically, can navigate FATF expectations and internal compliance standards ahead of the FATF examination in 2027

With practical lessons drawn from the Jersey and Monaco cases, she emphasized the importance of remediation, understanding of source of wealth, and clear due diligence sets of controls.

With regulatory scrutiny increasing, the key message was clear: firms must take a proactive approach to governance, risk, and compliance to remain resilient.

Moderated by Nadia A. Ziani, Director for the UK & Channel Islands, the sessions explored practical ways organizations can strengthen governance frameworks, stay ahead of enforcement trends, and embed a culture of accountability. The discussions highlighted the importance of strong oversight and clear internal processes. Indeed, firms that act early are better positioned to manage risk and meet regulatory expectations.