Thank you to all those who attended the MoneyLaundering.com 15th Annual International Anti-Money Laundering Conference. We look forward to seeing you in 2011!
2010 Conference Summary
Amid a challenging global financial climate and increased regulatory pressures, more than 1,000 AML/CTF professionals from 50 countries attended the MoneyLaundering.com 15th Annual International Anti-Money Laundering Conference in Hollywood, Florida. Attendance was up significantly this year despite the difficult economy.
With over 70 expert speakers and 35 unique sessions, the International Anti-Money Laundering Conference is the largest multi-industry AML forum in the world. This year’s conference program provided more case studies of AML/CTF best practices than any other event of its kind and featured speakers not heard at any other industry event.
The conference featured a keynote address by Adam Szubin, director of the Office of Foreign Assets Control. Szubin presented recent OFAC initiatives, trends and developments highlighting the record penalties handed down in the last year while at the same time being encouraged by the unprecedented attention financial institutions are giving to OFAC compliance. Szubin also discussed the shift in the way OFAC handles sanctions, away from just “designating and tightening” to a more dynamic approach that furthers foreign policy goals. Other conference highlights included a Special Enforcement Update from New York District Attorney Adam Kaufmann, whose indictment of Credit Suisse was the single largest penalty ever levied against a financial institution for disregarding U.S. blacklists.
Regulatory and law enforcement participation was also up significantly from previous years, with many government agencies sending large groups to take advantage of cutting-edge educational sessions and the chance to network with peers and private industry counterparts.
This year, in keeping with the conference’s reputation for presenting cutting-edge AML intelligence, conference sponsors ACAMS and Ernst & Young announced the introduction of the “Global AML Insights Series,” a leading approach to encourage the sharing of information across the globe to facilitate AML program comparison, improvement and perspectives. Conference attendees were the first to hear the survey results, obtain key data and best practices in anti-money laundering transaction monitoring.
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Adam J. Szubin And Speakers from
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