John C Bourbon
CEO of Regulatory Affairs, KYCOS, Ltd, and former Managing Director of the Cayman Islands Monetary Authority
John is Chief Executive Officer of Regulatory Affairs with KYCOS, Ltd. (Know Your Customer Outsourced Services). Based in the Isle of Man, KYCOS provides due diligence, anti-money laundering and training services to financial services providers, as well as expertise in international financial regulation and fraud prevention. John is a former banking regulator and an internationally known authority in the fields of compliance and customer due diligence.
John played a key role in the development of the Basel Customer Due Diligence Paper, published in 2001 by the Bank for International Settlements (BIS), the world's oldest international financial organization. The Basel Customer Due Diligence Paper later became the basis of the USA Patriot Act 2001 in the US. In addition to being a paper co-author, John served on the BIS Working Group on Cross Border Banking, a distinguished international committee of banking authorities.
From 2000 until 2002, John held the position of managing director of the Cayman Islands Monetary Authority (CIMA). In this capacity, he was the foremost figure responsible for banking regulation in the world's fifth largest financial centre.
Prior to his arrival in the Cayman Islands, John was head of supervision at the Isle of Man Financial Supervision Commission. Before this he worked for nearly 24 years within the financial services arm of the Barclays Bank Group, becoming compliance officer for Barclays Bank Trust Company Limited.
John holds a Master of Science (MSc) degree in Financial Services Regulation and is a Fellow of both the Compliance Institute (FCol) and the Chartered Institute of Bankers (FCIB). He is a regular speaker at international regulatory forums and lectures at the Isle of Man International Business School.
