The 15th Annual FIBA AML Conference on 5th – 6th March 2015 at the Hyatt Regency Miami and the main headline is: Staying Alive: How to Survive the Regulatory Storm
Join over 1,400 AML professionals from over 50 countries in Miami for a one-of-a- kind, world class confluence of innovation and learning.
What’s New in the AML Landscape?
Highlights of this fascinating conference are:
- What’s New in the AML Landscape? Senior compliance executives and risk managers from the financial services industry together with regulators discuss current issues and emerging trends in the fight against money laundering and terrorist financing.
- De-Risking: The Erosion of the Risk Based Approach – The onslaught of new regulations, increased regulatory scruitiny and enforcement actions has led financial institutions to exit certain business lines, geographies and clients. Has the risk-based approach been abandoned and replaced by the “moralization of banking”?
- AML Global Exchange – The international AML landscape continues to present challenges as money laundering schemes, trade-based money laundering, capital flight, tax evasion and sanctions programs evolve and mutate. How are governments and regulators keeping up with developing economic, political and technological events?
- U.S. Foreign Corrupt Practices Act (FCPA)/Anti-Bribery and Corruption – Global anti-bribery and corruption compliance standards are growing more complex. Banks and their customers operating in Latin America face enhanced anti-bribery and corruption compliance scrutiny from U.S. law enforcement, U.S. business partners and, increasingly, from local regulators.
- Virtual Currencies – The Payment System of the Future or the Latest High-Tech Method of Money Laundering? Virtual Currencieshave been hailed as a more efficient and less costly method of payment to rival those currently offered by the financial services industry. The Mt. Gox and Silk Road cases have raised the spectre of their use for fraud, money laundering and other criminal activity. The panel will discuss their benefits, risks and future prospects.
- Sanctions Compliance – In the aftermath of many high profile cases involving financial institutions this panel will discuss how penalties are applied and what are mitigating and aggravating factors for financial institutions including: How to minimize risks of sanctions violations; When should you block a transaction, terminate a relationship or look back to review previously processed transactions;
- And much, much more…
For more details go to the FIBA Anti Money Laundering Compliance Conference website at: www.fibaaml.com