More than 100 international executives present at the world's largest multi-industry AML forum
HOLLYWOOD, Fla., March 21, 2011 /PRNewswire-USNewswire/ -- In the wake of news headlines spotlighting global financial crime, bribery and corruption, more than 1,100 AML/CTF professionals from 50 countries traveled this week to the MoneyLaundering.com 16th Annual International Anti-Money Laundering Conference in Hollywood, Florida.
"The fight against drug traffickers, those that would fund terrorism, and the rising use of economic sanctions against rogue regimes by the international community are just some of the reasons why financial institutions are more focused than ever on fighting money laundering," said Kieran Beer, editor-in-chief of MoneyLaundering.com. "And, to aid in that fight, we assembled a 'Who's Who' in AML from government, law enforcement and the financial industry to present the latest in best practices, real-life case studies and analysis of recent laws and regulations in more than 50 unique sessions."
Manhattan District Attorney Cyrus R. Vance, Jr. provided the opening keynote, "Combating Crime in the 21st Century." His presentation focused on cybercrime and identity theft and initiatives for cooperation between prosecutors and financial institutions.
Other conference highlights include a keynote by Jennifer Shasky Calvery, Chief, Asset Forfeiture and Money Laundering Section of the U.S. Department of Justice. Calvery will focus on the Department's priorities for 2011, including its Kleptocracy Asset Recovery Initiative. She also will touch on issues around shell companies and transparency as well as the Bank Secrecy Act.
This year, conference association sponsor, ACAMS, honored Stuart Levey, newly retired U.S. Treasury Under Secretary for Terrorism & Financial Intelligence, with its first Leadership in Government Award. ACAMS Advisory Board Chair, Richard A. Small, Vice President, Enterprise-Wide Anti-Money Laundering and Sanctions Risk Management at American Express, presented the award, recognizing Levey for his critical role as an architect of sanctions policy under two U.S. presidents.
MoneyLaundering.com is the world's leading authority on money laundering news, guidance and analysis. Since 1989, MoneyLaundering.com has been delivering up-to-the minute AML/CTF news and information on hot topics, emerging trends and important issues in the AML field. The most respected financial institutions and government agencies consider MoneyLaundering.com vital for the anti-money laundering training and education of their employees. Visit www.MoneyLaundering.com.