Fareda Sands
Fareda Sands is a seasoned Compliance, Risk and Anti-Money Laundering (AML) Specialist. With over two decades in the industry, she now serves as the Founder and President of Initium Novum Enterprise Ltd. While the firm started as a Compliance Consultancy specializing in AML training, it has now blossomed into an Investment Promotion and Business Consultancy practice. She has attained various certifications in the AML, Compliance, Risk and Financial Crimes space and brings this wealth of knowledge to her firm. She recently attained a specialized Chartered Banker Master’s in Business Administration (CBMBA) from Bangor University in Wales, Great Britain. Initium Novum provides an array of offerings including advisory services specializing in Bahamian Financial Services Regulations.
During her tenure, she has worked in a variety of reputable and international firms within the Bahamas Financial Services Industry. She continues to serve as a Past President and now Education Chairperson of The Bahamas Association of Compliance Officers (BACO).
Fareda is currently a lecturer at The Bahamas Institute of Financial Services and serves as a Steering Committee Member of the Caribbean Regional Compliance Association Company (CRCA). She is also a Director of the Bahamas Financial Services Board (BFSB) and serves in the capacity of Secretary.
She continues to be a sought-out speaker for local and international conferences.