Protect Your Organization From being used for Money Laundering

C5's European Forum on Anti-Money Laundering
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Money Laundering


New York City - New York - US

Feb. 18, 2011 - PRLog -- The proliferation of new technologies and communication platforms are increasingly creating countless opportunities for fraud, money laundering and other illicit financial activities. In response, the anti-money laundering (AML) regulatory framework is rapidly evolving and will hold financial institutions and other organisations subject to AML regulations, globally accountable for their clients’ transactional activities. Demonstrating a strict and continued commitment to compliance with AML and counter-terrorism financing laws is essential. No financial services organisations can afford to not put AML compliance high up on their strategic risk and control governance agenda today.

C5’s European Forum on Anti-Money Laundering has assembled an exceptional panel of top regulators, prosecutors and supervisors including the European Commission, the OECD, the Financial Action Task Force (FATF) – GAFI, TRACFIN, EUROPOL, the French Autorité de Contrôle Prudentiel (ACP), and the UK HM Treasury. Together with AML compliance officers, financial crime audit and compliance and corporate security officers from leading international organisations, they will share their views, insights and latest strategies to protect institutions from money launderers and fraudsters.

Key Topics Include:

   * What to expect from the FATF-GAFI’s revision of the standards and the preparation for the 4th round of mutual evaluations
   * Red flags and lessons learned from the cases to assist you in recognising suspicious activities
   * AML international enforcement actions and how these can help you detect the latest techniques utilised by money launderers and fraudsters
   * Implementing and maintaining a customer identification programme (CIP) to effectively mitigate the risk of violation
   * Managing restrictions from regional banking secrecy, data protection and privacy laws when obtaining data and e-mail searches
   * Overcoming the challenges of mobile banking and mobile money transfers: how to apply a risk-based approach to meet AML compulsory requirements
   * Incorporating the concept of “foreign public officials” under anti-corruption and bribery laws into your PEPs due diligence

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Tags:Insurance, Reinsurance, Money Laundering
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