TCI’s Anti-Money Laundering, Fraud & Financial Crime Conference 2016:
Financial crime is of increasing concern to most financial services institutions in SA
In a recent IOL article; The Financial Intelligence Centre (FIC) confirmed recent warnings by accounting firm PwC that incidents of financial crime and suspicious transactions , including tax-related crime, fraud and money laundering are on the increase in South Africa.
PwC also placed a firm warning to corporate businesses that financial crime was not only growing locally but that globally “financial institutions are also facing a sever financial crime expertise talent shortage” and that most organisations lacked enough skilled people to detect financial crime.
The South African Reserve Bank recently imposed fines amounting to over thirty million rand on non-compliant banks for weaknesses in the banks control measures which has triggered the SA banking industry to review their own anti-money laundering controls.
There has been no better time to attend a leading industry forum such as the Anti-Money Laundering, Fraud & Financial Crime Conference to engage with thought leadership from a number of leading firms in SA who will be discussing best practices in the fight against financial crime and steer your organisation into a fully compliant trajectory.
What the Anti-Money Laundering, Fraud & Financial Crime Conference will cover:
The Anti-Money Laundering, Fraud & Financial Crime Conference being hosted in Johannesburg on 9 & 10 November will discuss issues about money laundering controls in the financial sector, it’ll examine and cover a broad range of AML topics such as financial surveillance and risks associated with cyber laundering and digital fraud.
The aim of this conference is to bring together experts in the banking field and other financial sectors to share their knowledge and expertise about policies and procedures designed to ensure effective implementation of anti-money laundering (AML) control measures.
Topics to be addressed
- Money laundering and the ripple effect of IFRS
- Exploring anti-money laundering processes and control measures
- Approaches in customer identification & due diligence
- AML monitoring & reporting
- AML principles for correspondent banking
- Transaction surveillance optimization
- Sanction screening
This conference is targeted at professionals dealing with the following: risk management * fraud analysis * KYC & due diligence * AML monitoring and reporting * correspondent banking * exchange control * cyber fraud investigation * policy analysis * information technology * trade finance * financial surveillance * compliance * governance * tax evasion & tax avoidance investigation * auditing * IT risk management * digital fraud * transaction banking * channel fraud investigations * forensics * accounting * customer relationship management
Some recent SA news headlines that you may have missed:
- R30m fine: Sarb nails 5 banks after money-laundering probe
- SA sees rise in mobile bank fraud
- Financial crimes on the rise
- SA banks look to biometrics to reduce fraud
- SABRIC campaign to fight online banking fraud
- Financial attacks increase by 16%
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