
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.
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Thanks to our Sponsors & Exhibitors
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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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