advisor to the governor, again at great sacrifice, this time financial. i gave up two - thirds of my salary to help with barbados's recovery, and i have no regrets. likewise, with the post of governor, i believe i have and can continue to make a difference by helping barbados improve how we manage and transform this economy. we've seen these efforts with a successful bert programme. i believe in the power of positive thinking and affirmations. i embrace a " yes i can " attitude, rejecting negativity and toxicity. with the right mindset, anything is achievable. i 1 / 4 bis - central bankers'speeches start every day with affirmations, believing i can conquer any situation and the world. those positive thoughts help me through every situation that arises. work - life balance is necessary. however, my idea of work - life balance is to work hard and play hard. play is relaxing with friends with an excellent single malt whiskey. worklife balance is achieving success in both areas rather than sacrificing one for the other. finally, having risen to the pinnacle of my career, i'm deeply committed to giving back to society. i generously contribute both through kgct, the charity i founded, and through personal initiatives. kgct focuses on assisting underprivileged tertiary students who require financial aid to achieve their educational goals. beyond this charity, i also provide personal support to many individuals in the community. in addition to financial contributions, i am dedicated to developing others and fostering growth. upon joining the bank, one of my first initiatives was mandating that managers create personal development plans for their employees. this decision ensures that staff receive the necessary training, exposure, and education to advance in their current roles or transition to new opportunities. leaders have a profound responsibility to give back and develop others. by investing in the growth and development of individuals, we can cultivate a culture of continuous improvement and empowerment. this approach not only strengthens the organisation, but also has a lasting positive impact on society. those who give back create a legacy of support and mentorship, enabling future generations to reach their full potential. now that i've shared my journey and the values that have shaped my leadership style, i want to delve into some key themes of leadership that are particularly relevant to your field of cybersecurity. these themes include visionary thinking, adaptability and resilience, innovation and forward - thinking,

macao has been procyclically issuing supervisory guidance on risk management, internal control with a view to maintaining the stability of our financial system. to align with international understanding and standards, guidelines on anti - money laundering ( aml ) and countering the financing of terrorism ( cft ) have been promulgated and seriously enforced. we have close cooperation with other regulatory authorities and international agencies in all these aspects. as a result, all our regulatory efforts are being kept up - to - date with the requirements of internationally accepted standards. for instance, the aml / cft guidelines have recently been revised by the monetary authority of macao. the move arises from the recommendations of the mutual evaluation raised by the asia / pacific group on money laundering ( apg ) and the offshore group of banking supervisors ( ogbs ). the opinions of practitioners and findings in the course of aml / cft inspections have also been taken into account. we emphasize on the enhancement of customer due diligence ( cdd ) measures to be undertaken by banks and insurance companies. particular attention is paid to offshore companies who are required to implement proper and stringent account opening and subsequent monitoring procedures. to this end, i am very pleased to see that this seminar has been organized to offer a very valuable opportunity for financial institutions of macao to acquire a more indepth knowledge of the institutional arrangements of international business companies and the practices and methodology required in exercising cdd measures on offshore companies. today, we are privileged to have mr. baker with us to share his versatile and professional experience. it is a timely arrangement that mr. baker is here today to impart to us insightful thoughts and valuable experience in this respect when the msar is striving to diversify its economic activities. i am very sure that participants will benefit much from our knowledgeable speaker whose input is certainly conducive to enhancing the reputation of our financial industry. thank you!