The diplomat at the centre of the UK takeover of the Turks and Caicos Islands amid a corruption scandal five years ago is heading to Bermuda to share his story, joining a top executive who was jailed over the Enron scandal.

They both will be speakers as yCompliance presents the 2nd Annual Financial Crime and Compliance Seminar at the Fairmont Southampton in Bermuda in October, appropriately themed “Who can you trust?”

Described on its website as Bermuda’s finest financial crime and compliance event, it promises to provide the opportunity for incomparable executive networking and global intelligence. yCompliance expects to host more than 200 government officials and financial industry decision-makers over the course of the day.

Former Governor of Turks and Caicos, Gordon Wetherell, will address attendees. As Governor, Mr Wetherell assumed direct political control of the British Caribbean island in August 2009 when the UK imposed direct rule.

The extraordinary and controversial move came in response to a Foreign Office inquiry which found “information in abundance pointing to a high probability of systematic corruption or serious dishonesty” in the islands’ administration.

Keynote addresses at the upcoming seminar include one from Stuart Fastow, who was chief financial officer of Enron Corporation, an energy trading company based in Houston, Texas, until the US Securities and Exchange Commission opened an investigation into his and the company’s conduct in 2001.

Mr Fastow was a key figure behind the complex web of off-balance-sheet special purpose entities (limited partnerships which Enron controlled) used to conceal massive losses.

He eventually served a six-year prison sentence for charges related to these acts.

Commenting on the upcoming seminar, yCompliance said in a statement, “The current high expectation of transparency and honesty reflects the concerns of many voting citizens in many countries that political leaders possess and display high levels of integrity.

“Bermuda, of course, is no exception to this, as has been evident by recent political events. Increased scrutiny on the behaviour of public officials and wider access to information on the internet has become a double-edged sword that can swing public opinion on anyone in a split second. Guilt quickly becomes a matter of public perception, amplifying the challenge for government officials to be honest and transparent.

“As one of the world’s most reputable offshore financial centres, Bermuda is home to many foreign companies which operate under the British Overseas Territory’s robust financial legislative framework.”

The statement said that other “distinguished personalities” will be presenting, as well. It continued: “This seminar can be seen as one of the key initiatives to position Bermuda at the forefront of action against financial crimes.”

The seminar programme as well as the full profiles of other confirmed speakers and panellists can be retrieved at www.ycseminars.com. Early-bird tickets are priced at $395 before June 30, 2014 (quote EARLYBIRD to receive discount). More details about the seminar as well as registration and sponsorship information can be found on the yCompliance website or by e-mailing info@ycompliance.com.

Launched in 2012, yCompliance is an online service provider of compliance solutions to its clients.