Anti Money Laundering Compliance Best Practices to be Center Stage in Miami Summit in 2013


FIBA, a global trade association whose membership includes most of the largest financial institutions in the world active in international trade and finance, announces its 13th Annual Anti Money Laundering Conference on February 13-14, 2013 in Miami. The event will convene industry leaders from both private and public sectors to discuss and debate key insights on regulatory expectations and best practices so that transnational financial institutions have the information necessary to operate safely in the current BSA/AML/OFAC compliance environment. More than 1100 participants from over 40 countries are expected to attend.

reputational compliance

“The international banking industry has gone through a hectic season of BSA/AML compliance. Recent major enforcement actions have highlighted the U.S. government’s continuing concern with the vulnerabilities in international banking to money laundering and terrorist financing,” said David Schwartz, CEO of FIBA. “As a result, the panorama continues to evolve and expand for those involved in BSA/AML/OFAC compliance in the international banking arena,” Schwartz added.

The academic agenda will focus on recent developments and topics, including, among others: FATCA, Beneficial Ownership, The Compliance Culture & The Role of the Compliance Officer, Mitigating International Money Laundering Risks, Correspondent Banking, OFAC Challenges, Mobile & e-Payments, Caribbean AML Roundtable, Nexus Between Financial Crime & Terrorism, Q&A Session with U. S. Regulators, Broker Dealer & Wealth Management Roundtable, FCPA & Anti-Corruption, among others.

The program will also help foreign bankers acquire first-hand knowledge of the due diligence expectations of U.S. regulators and U.S. banks under a risk-based BSA/AML/OFAC compliance program.

This article originally appeared on globenewswire


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