Barbados’ Compliance Professionals Unite: BACP Spearheads Regulatory Awareness

Barbados Association of Compliance Professionals (BACP) was established on April 8th, 2013, with a mission to bolster regulatory awareness in Barbados. As the island’s sole local association for compliance professionals, BACP brings together experts from diverse fields, including:

Supervision
Banking and finance
Corporate and trust services
Legal services
Non-traditional business services

These individuals are bound by regulatory obligations under Barbadian law.

Aims and Objectives

The voluntary organization is dedicated to providing essential professional development resources aimed at empowering individuals and entities to better understand their roles and responsibilities. By promoting a deeper comprehension of compliance among its members, BACP seeks to:

Contribute to the national effort to maintain and enhance the integrity of Barbados’ business infrastructure
Provide essential professional development resources for compliance professionals

Regional Collaboration

BACP is a valued member of the Caribbean Regional Compliance Association (CRCA), comprising compliance associations from the Caribbean and Central American regions. This membership underscores the association’s commitment to:

Collaboration and knowledge-sharing
Enhancing the island’s regulatory landscape

Through its regional forum, BACP benefits from sharing best practices and expertise with other compliance professionals in the region.