Idris Fidela Clarke—St. Kitts and Nevis, West Indies

Idris Fidela Clarke

Idris Fidela Clarke is the director of the Financial Services Regulatory Commission and the regulator for St. Kitts. She has held these positions since 2005. In 2009, she was appointed as the registrar of companies, trusts, limited partnerships and foundations, and also serves as the registrar of non-governmental organizations. She also currently serves as secretary of the Financial Services Regulatory Commission which is the ultimate authority for ensuring AML/CFT compliance in St. Kitts and Nevis, and she is the chief compliance officer for St. Kitts.

As a civil servant, Clarke has served in the government of St. Kitts and Nevis as both a budget analyst (where she gained extensive experience in public sector finance) and as a financial inspector, where she assisted in ensuring proper AML/CFT regulation of the international financial sector as well as the non-bank financial sector in St. Kitts. In addition, Clarke has worked in the private sector in Barbados as an accountant and as an account manager in the offshore banking industry.

Clarke was trained by the Caribbean Financial Action Task Force (CFATF) as a financial examiner and has participated in conducting Mutual Evaluation Assessments of other English speaking member territories to assess compliance with FATF’s 40 plus 9 (now 40 revised) recommendations. She has served on the CFATF’s Expert Review Group (ERG) to review country reports for completeness and consistency. She has also served as head of delegation as well as prime contact for St. Kitts and Nevis to the CFATF.

Clarke was trained by the OECD Global Forum as an assessor and has participated in conducting Phase 1 and Phase 2 Peer Reviews of two countries to assess their regime for the exchange of information for tax purposes.

Clarke has co-authored the chapter on St. Kitts and Nevis in the book Anti-Money Laundering: International Law and Practice, which was published in 2007.

Clarke completed a Bachelors Degree of Science in Accounting and a Masters of Business Administration with a concentration in Finance. She is a Certified Anti-Money Laundering Specialist and a Certified Public Accountant. In addition, Clarke attended the Said Business School of the University of Oxford in England and obtained a certificate in the Small Countries Financial Management Program.

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