For Immediate Release
December 3, 2004

Contacts:
Barbara Schpilberg (conference inquiries)
Alejandra Slatapolsky (press)
Telephone: (305) 530-0500

Terrorist financing summit will launch Money Laundering Alert’s 10th Annual International Conference

World-renowned money laundering and terrorist financing experts to speak at world’s largest money laundering conference

A unique summit on terrorist financing featuring the two authors of the 9/11 Commission’s “Terrorist Financing Monograph,” two top members of the United States government’s anti-money laundering and terrorist financing efforts, and a respected expert from a global bank will raise the curtain on Money Laundering Alert’s 10th Annual International Money Laundering Conference on Wednesday, March 2, 2005.

The three-day annual event, which last year drew 972 attendees from 54 countries, will run from Wednesday to Friday, March 2 to 4, 2005 and will be held at the Westin Diplomat Resort & Spa in Hollywood, Florida, just north of Miami Beach.

Over the three days, the conference will spotlight more than 50 experts who will speak on 31 panels. In addition, more than 50 companies that offer anti-money laundering (AML) software, products and services will sponsor events and exhibit their products in an exhibition hall.

The opening panel on terrorist financing will feature the authors of the 9/11 Commission’s terrorist financing monograph, John Roth and Douglas Greenburg; the new director of the U.S. Treasury’s Office of Foreign Assets Control, Robert Werner; the Director of Treasury’s Financial Crimes Enforcement Network, William Fox; and James Richards, Bank of America’s global Anti-Money Laundering Operations Executive and one of the most widely regarded innovators of the anti-money laundering industry.

The Roth-Greenburg monograph provides the most revealing view yet of al Qaeda finances, exposes serious problems in government’s pursuit of terrorist funds, and specifies measures that should be adopted.

Money Laundering Alert’s annual international conference in South Florida is the largest and most renowned money laundering conference in the world. Attendance has climbed each year from 182 in 1999 to a world-record 972 in 2004.

Other conference panels will focus on hot topics such as Islamic banking, lessons learned from the scandals of Riggs Bank, AmSouth, ABN Amro and Terrabank, the “long arm” of the U.S. money laundering laws around the world, how offshore havens (including Delaware) serve money launderers, and official corruption proceeds. The panels will provide guidance on the best (and worst) practices that attendees can follow in complying with the USA Patriot Act and the regulations the governments of the United States, United Kingdom and other countries have issued especially since 9/11.

James Richards will also give his last reprise of his masterful and popular presentation on how to exploit the web for AML due diligence and other duties.

A series of panels will explore the hot money laundering and terrorist financing subjects and offer guidance, by regions of the world, including Canada, Latin America, Europe and the Caribbean.

The conference uses a lively audience-participation format by which expert moderators pose their own questions and allow attendees to pose questions to the panelists during the sessions.

Money Laundering Alert and Moneylaundering.com are Miami-based affiliates that are the foremost sources of money laundering news, intelligence, analysis and guidance in the world. For the past decade Money Laundering Alert and Moneylaundering.com have held international conferences of ever greater size in the United States and Latin America. Last September they held their first European conference in Vienna. The company’s website is at moneylaundering.com.

Over the years more than 90% of the attendees at Money Laundering Alert’s conferences have rated it as “Excellent.”

The conference provides free simultaneous English-to-Spanish translation for all sessions.

(Accredited members of the press may obtain press credentials to cover the conference by contacting Alejandra Slatapolsky at aslatapolsky@moneylaundering.com or by calling 305-530-0500.)