FATF Webinars on Money Laundering and Terrorist Financing and COVID-19

COVID-19 and the Changing Money Laundering and Terrorist Financing Risk Landscape, 30 July 2020

After a brief update on risks reported by FATF and FSRB members and observers, representatives from Australia, Mexico, Interpol and Europol will provided updates and different perspectives on the key money laundering (ML) and terrorist financing (TF) risks to be aware of. They discussed key issues including:

  • How has COVID-19 changed the criminal economy and what key threats and vulnerabilities are we seeing at the national, regional and international levels?
  • What medium to long-term risks do we see emerging from the COVID-19 crisis?
  • What are some good practices and strategies the public and private sectors can put in place to manage the changing risk environment?

 

Slides and poll results (click diagonal arrows to enlarge)

Moderator:

Daniel Thelesklaf, former Chair (MONEYVAL) and outgoing co-chair of the FATF Risks Trends and Methods Working Group    

Panellists:

Gilbert Berk, Head of Unit, Expertise and Stakeholder Management, European Financial and Economic Crime Centre, Europol Elisa de Anda Madrazo, Director-General, Ministry of Finance and Public Credit (Mexico)
   

Chris Collett, Deputy CEO Intelligence, AUSTRAC (Australia)

Ian Pemberton, Criminal Intelligence Officer, Financial Crimes Unit, Interpol

    

The Impact of COVID-19 on the Detection of Money Laundering and Terrorist Financing, 31 July 2020

After a brief update on risks, challenges and other relevant issues related to ML/TF detection reported by FATF and FSRB members and observers, experts representing national financial intelligence units, regulators and the private sector shared their views on topics including:

  • How has COVID-19 affected day-to-day financial activity and how are national authorities and the private sector adapting ML/TF detection capabilities in a rapidly evolving environment?
  • How have national authorities and the private sector dealt with challenges to ensure business continuity so that ML and TF activity continues to be detected?
  • What are some of the medium to long-term issues facing the anti-money laundering/counter terrorist financing (AML/CFT) community and what lessons can we learn from the impact of the pandemic?

Slides and poll results (click diagonal arrows to enlarge)

Moderator:

Daniel Thelesklaf, former Chair (MONEYVAL) and outgoing co-chair of the FATF Risks Trends and Methods Working Group    

Panellists:

William Fox, Managing Director, Global Head of Financial Crimes Compliance, Bank of America Valerie Tay, Executive Director, Anti-Money Laundering Department, Monetary Authority of Singapore
  Hennie Verbeek-Kusters, Chair of the Egmont Group of Financial Intelligence Units and Head of the Financial Intelligence Unit (the Netherlands)   Marcus Wogart, Global Head of Financial Crime Compliance, Retail Bank and Wealth Management, HSBC Group

 

 

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