Carol Lawrence
Carol A Lawrence is currently the Deputy Director of the Financial Intelligence Agency of the Turks and Caicos Islands. As Deputy Director, she is required to manage the process of receipt, analysis and dissemination of confidential information received through disclosures of financial information reported via Suspicious Activity/ Transaction Reports (SARs/STRs) related to Money Laundering, Terrorist Financing and connected crimes. As such, Carol is the Head analyst ensuring the accuracy and validity of information through management of the analysis processes, creating new and developing existing case files, maintaining and updating information and cases on the FIA database, and creating reports for review by the Director. In addition, her role includes participation in working groups related to terrorist financing, financial crimes, regulatory supervision, and sanctions matters related to Overseas Territories.
In her previous role, Carol has participated in Dominica’s National Risk Assessment process in preparation for the 4th round Mutual Evaluation. She led the Financial Inclusion working group and was a member of the Banking and Financial Institutions group. She was also the lead representing her institution at the on-site visit.
As a senior risk professional with over 25 years in the banking sector, Carol has held executive Risk and Compliance positions. Her responsibilities included the development of the Enterprise Risk Management framework at a bank incorporating key components such as Risk Assessments, Risk Appetite, Risk Reporting and construction of various policies. She also had responsibility for the bank’s Business Continuity and Information Security programs. She worked previously as an internal auditor for the bank. Her mandate also included developing and delivery of AML/CFT training to the Board of Directors, Management and Staff.
Carol holds the Chartered Banker MBA from Bangor University Wales (UK) and Bachelor’s Degree in Finance from The University of Technology (Jamaica). She is a Certified Anti-Money Laundering Specialist and holds the Certified Global Sanctions Specialist designation from ACAMS.
Outside of work, Carol is a member of the Nature Isle Toastmasters Club, having served as the Vice President of Membership (2023 to 2024).