It's that time again. FIBA is gearing-up for its 11th Annual Anti-Money Laundering Conference, and it is sure to be the best one yet. While the agenda will evolve as the year wears on, prospective attendees can, as always, look forward to an event that will prepare them for yet another year as successful AML professionals.
- FIBA, a decades-old trade association, takes pride in ensuring that its annual AML conference is timely, relevant, and practical. Attendees will learn about the latest international AML requirements so that they can understand, and respond to, growing expectations for financial transparency. This knowledge will allow attendees to effectively protect the reputations of their financial institutions. In the current regulatory environment, the importance of this cannot be overstated.
- As always, FIBA's 2011 AML Conference will include in-depth analyses of recent enforcement cases. As most AML professionals know, 2010 has been a busy year for federal regulators and the US Department of Justice. Numerous foreign financial institutions have been targeted and forced to pay hundreds of millions in fines and forfeitures for "stripping" SWIFT messages and engaging in other activity prohibited by US law. Financial institutions that do not study these cases may be doomed to repeat their peers' costly mistakes.
- As attendees of previous FIBA AML Conference can attest, the event brings together the top experts and speakers from across the financial sector. It also offers a valuable opportunity to learn from others' experience and hear about industry best practices that work. The importance of this opportunity to network with your peers and discuss common problems and solutions must be noted. Your peers will be there and you should too!
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Thanks to our Sponsors & Exhibitors 
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The Industry Speaks
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 Although we may not be cognizant of it, financial institutions are again at the threshold of a new regulatory wave that will further impact their compliance burden. FinCEN has just announced proposed regulations on prepaid access products. In addition, it will shortly issue final regulations/guidance on SAR confidentiality and on SAR sharing as well as an expanded definition for MSBs all of which will impact financial institutions. Finally, in the coming months Treasury will issue regulations interpreting and implementing FACTA, which will significantly impact international correspondent and commercial banking."Clemente Vazquez-Bello Chairman FIBA Annual AML Conference |
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 "Despite valiant efforts by compliance, regulatory and law enforcement officers, the majority of the $400 billion in drug proceeds generated each year doesn't surface on the AML radar screen. AML compliance personnel often note that communication with the government is a one way street and they never see the big picture. To truly combat the national security threats posed by terrorist financing and narco-fortunes, hard fact communication between the private and government sectors should be enhanced. How to accomplish that while satisfying both account confidentiality and law enforcement protocol is as elusive as a cure for cancer, but the establishment of a clearing house committee consisting of vetted AML compliance, regulatory and law enforcement members could be part of the answer." |
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 FIBA AML Certification and Exam: Obtain your AML/CA during the FIBA Annual AML conference week. Yes! |
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