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The Anti Money Laundering Network Logo

Seminar: USA v The World's Banks - New Date

The Financial Crime Forum has added Dubai to the schedule for its forthcoming seminar The USA (and its states) v The World's banks (and other financial institutions).

 
PRLog - Aug. 25, 2012 - KL CITY CENTRE, Malaysia -- As US authorities increase their action against foreign banks accused of failing to comply with US sanctions against third countries, The Financial Crime Forum presents this timely reminder of risks faced by banks and other financial services businesses and even commercial concerns face under US law.

With penalties running into the hundreds of millions of dollars, and ratings companies downgrading financial institutions that are subject to investigation, there are serious consequences at stake. Even more, the feeding frenzy of the media, including tabloids, and the circling of class-action lawyers makes this an issue that is core to the management of financial institutions.

Nigel Morris-Cotterill, Head, The Anti Money Laundering Network (parent of The Financial Crime Forum) has been warning of these risks for more than a decade and a half. "There's nothing new in what they are doing or the basis on which they are doing it," he said.  "But financial institutions were not properly advised: indeed, when they did receive advice about these risks, often their lawyers and other consultants denied the risk. Now it is proving to be very real."

The seminar will be held in the following cities on the following dates

Hong Kong 13/14 September, 2012
Singapore 17/18 September, 2012
Dubai 24/25 September 2012
London 27 / 28 September, 2012

Full information including pricing and a booking form is at http://www.financialcrimeforum.com

Notes for Editors:

Nigel Morris-Cotterill is Head, The Anti Money Laundering Network a group of companies that provides consultancy, training and information services for the financial sector.

He is a former solicitor in London and author of "How not to be a money launderer" (1996, reprint 2011) and "Sun Tzu and the Art of Litigation" (2012)

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Contact Email:
***@antimoneylaundering.net
Source:The Financial Crime Forum
Phone:+60320789152
City/Town:KL City Centre - Kuala Lumpur - Malaysia
Industry:Banking
Tags:money laundering, sanctions
Shortcut:prlog.org/11958847
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