Derek W. Smith, MBA, CAMS, CRCMP—The Bahamas

Derek W. Smith, MBA, CAMS, CRCMP, is a senior contributor in the Bahamas’ compliance and anti-money laundering (AML) space. He facilitates training in operational risk assessments, AML risk assessments, business continuity management, information security governance, organizational resilience and agility.

Currently, Smith serves as the assistant vice president of compliance and money laundering reporting officer (MLRO) for the CG Atlantic group family of companies (member of Coralisle Group Ltd.) in the Bahamas and Turks and Caicos. At CG, Smith’s responsibilities include regulatory compliance for the group’s Aruba, Curaçao, St. Lucia, and St. Vincent and the Grenadines. In addition, he is CG’s compliance training lead throughout the Caribbean. Previously, Smith was the group compliance officer and MLRO at a TerraLex member law firm (Higgs & Johnson); the assistant vice president of Fiduciary Risk, assistant vice president of Compliance and assistant manager of Internal Audit at a Wolfsburg Group member bank (Citi); and an auditor and client accountant at Deloitte.

Smith is currently a board director of the ACAMS Bahamas Chapter and a past executive of the Bahamas Association of Compliance Officers (BACO). Moreover, he is a member of the ACAMS Today Editorial Committee.

He is a frequent business columnist on governance, risk, compliance, AML and information security topics, having written and published over 52 articles.

In Smith’s nonprofit life, he is a member and past executive of Phi Beta Sigma Fraternity, Inc., and president of the Nassau Bahamas National Pan-Hellenic Council. In addition, he is the past rotary means business chair of Rotary District 7020 (a district covering 10 Caribbean countries). Currently, Smith is the membership area coordinator for the Rotary Clubs of the Bahamas.

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