NY District Attorney's Office to Dissect Credit Suisse Sanctions Violations and Historic Penalty at International Anti-Money Laundering Conference in Florida

Jan 14, 2010, 15:00 ET from MoneyLaundering.com

MoneyLaundering.com 15th Annual International Anti-Money Laundering Conference March 15-17, 2010, Hollywood, Florida, USA

MIAMI, Jan. 14 /PRNewswire-USNewswire/ -- In the aftermath of the largest penalty -- $536 million -- ever levied against a financial institution for disregarding U.S. blacklists, New York County Assistant District Attorney and Chief of Investigations, Adam Kaufmann, will provide an insider perspective on the investigation of Credit Suisse's illicit dealings with Iran at the MoneyLaundering.com 15th Annual International Anti-Money Laundering Conference.

From the mid-1990s through 2006, Credit Suisse processed $700 million for blacklisted Iranian entities, according to U.S. and New York officials. Its actions echoed Lloyds TSB, which falsified and omitted data on wire transfers from its London and Dubai branches from clients in sanctioned countries to hide their identities from correspondent banks in the United States.

"Apart from the astronomical fine, the Credit Suisse case is of great significance," said Kieran Beer, Editor-in-Chief at MoneyLaundering.com and conference spokesperson. "This is a clear message from law enforcement and sanctions officials that penalties for blacklist violations will continue to be harsh. We're thrilled to have Adam explain the Credit Suisse case and place it in the context of the Manhattan District Attorney's earlier deferred prosecution agreement with Lloyds TSB, which involved a $350 million penalty."

In addition to Kaufmann's groundbreaking presentation, the MoneyLaundering.com 15th Annual International Anti-Money Laundering Conference is expected to attract 1,200 executives from 60 countries, offering in-depth analysis of the latest AML/CFT developments including:  

  • Exclusive keynote address by OFAC director, Adam Szubin
  • Detailed case study of moving towards greater transparency in cross-border payments
  • Interactive panel discussion on determining beneficial ownership
  • Expert-led analysis of the global implications of increased tax enforcement

"We've worked hard to pack our program with speakers and topics not covered at any other conference. The speakers are industry leaders, the topics are cutting-edge and the format provides the optimal learning and networking experience," said Beer. "We guarantee that no other conference offers a more comprehensive education and networking experience to AML/CFT executives."

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About The MoneyLaundering.com 15th Annual International Anti-Money Laundering Conference

This annual conference is the world's largest multi-industry forum of AML expertise and talent and attracts more than 1,200 specialists from 60 countries.

SOURCE MoneyLaundering.com