Charlotte Fincrime Summit

The AML Act of 2020 was a landmark piece of legislation when passed three years ago, with sweeping changes to corporate transparency, beneficial ownership, financial crime priorities and more. Since then, while some implementing regulations and elements have emerged, the progress to bring the law into regulatory reality has been steady but slow.

The response from some financial institutions is to take a "wait and see" approach, but as key parts of the AML Act take shape, is the time for waiting at an end? Should financial institutions and other organizations be more proactive to ready their customer due diligence and compliance programs for the impacts of the legislation? And what can we expect looking ahead to 2024? In this session, hear from regulators who play a key role in AML Act implementation on the status of the legislation, suggestions for institutions who may be affected, and what's likely to emerge in the coming months.

Join us for an in-depth panel discussion dedicated to understanding the intricate landscape of terror finance and international sanctions, and what it means for financial crimes compliance officers. As the global fight against terrorism intensifies, financial institutions play a pivotal role in disrupting illicit funding networks and enforcing international sanctions regimes.

In this session, esteemed panelists comprising compliance experts and counter terrorism specialists will delve into the complexities of terror finance and international sanctions. From identifying illicit funding sources to ensuring compliance with regulatory obligations, attendees will gain invaluable insights and actionable strategies to strengthen their compliance efforts.

Key Discussion Points:

• Understanding Terror Finance: Explore the dynamics of terror finance, including common financing mechanisms and the role of financial institutions in detecting and preventing illicit transactions.
• International Sanctions Regimes: Navigate the maze of international sanctions regimes imposed by governments and multilateral organizations to target terrorist organizations and their supporters, and understand the implications for financial institutions.
• Compliance Challenges: Discuss the challenges faced by financial crimes compliance officers in identifying and reporting suspicious activities related to terror finance, including jurisdictional differences, data privacy concerns, and emerging threats.
• Regulatory Expectations: Gain insights into regulatory expectations and enforcement priorities concerning terror finance and international sanctions compliance, and understand the consequences of non-compliance.
• Enhancing Collaboration: Explore the importance of collaboration between financial institutions, regulatory authorities, and law enforcement agencies in combating terror finance and enforcing international sanctions effectively.

The House Always Wins? The State of Play in Casino and Gaming AML ComplianceNetworking and Discussion

Join us for a thought-provoking panel discussion dedicated to unraveling the complexities of Suspicious Activity Reporting (SAR) within the cryptocurrency industry. As digital assets continue to gain prominence in global financial markets, addressing illicit activities and ensuring compliance with regulatory requirements are paramount concerns.

In this session, industry experts and regulatory authorities will come together to examine the unique challenges and opportunities associated with SAR in the cryptocurrency sector. From identifying red flags to navigating regulatory frameworks, panelists will share insights, best practices, and real-world experiences to shed light on this critical topic.

Key Discussion Points:

• Understanding the Cryptocurrency SAR: Gain insight into the nature and scope of suspicious activity reporting within the cryptocurrency industry, including common typologies and emerging trends, and how these reports compare with those written in traditional finance.
• Regulatory Landscape: Navigate the evolving regulatory landscape governing cryptocurrency transactions and compliance obligations for virtual asset service providers (VASPs), including the Financial Action Task Force (FATF) recommendations and local regulatory frameworks.
• Challenges and Best Practices: Discuss the challenges and best practices associated with SAR in the cryptocurrency sector, including issues related to privacy, data protection, and cross-border cooperation.
• Collaboration and Information Sharing: Examine the importance of collaboration and information sharing between industry stakeholders, regulatory authorities, and law enforcement agencies in combating financial crime and enhancing transparency in the cryptocurrency ecosystem.
• Future Outlook: Delve into the future outlook for SARs in the cryptocurrency industry, including potential regulatory developments, technological advancements, and evolving compliance strategies

In this session, one non-profit organization details their tireless work against Human Trafficking, highlighting individuals who have suffered the lasting effects of this crime.

Join us for an exclusive in-person panel discussion where industry experts and AML (Anti-Money Laundering) professionals converge to unveil the top AML trends of 2024. In an era of rapid technological advancements and evolving financial crime risks, staying abreast of emerging trends is crucial for effective AML compliance.

During this dynamic session, our distinguished panelists will dissect the latest AML landscape, highlighting key trends, challenges, and best practices. From regulatory updates to technological innovations, attendees will gain valuable insights into the evolving nature of AML compliance and actionable strategies to navigate this complex terrain.

Key Discussion Points:

• Regulatory Evolution: Explore the latest regulatory developments and enforcement priorities shaping the AML landscape in 2024, including updates from global regulatory bodies and jurisdictional nuances.
• Enhanced Due Diligence: Discuss the importance of enhanced due diligence in AML compliance, including the adoption of risk-based approaches and the utilization of advanced screening techniques for customer onboarding and ongoing monitoring.
• Technological Innovations: Delve into the role of technology in AML compliance, including the use of artificial intelligence, machine learning, and blockchain analytics to enhance detection capabilities and streamline compliance processes.
• Cross-Border Cooperation: Examine the importance of cross-border cooperation and information sharing in combating money laundering and terrorist financing, and explore best practices for building effective partnerships between regulatory authorities and financial institutions.
• Emerging Threats: Analyze emerging money laundering threats and typologies, such as virtual asset laundering, trade-based money laundering, and the exploitation of emerging payment technologies, and learn how to adapt AML controls to mitigate these risks.
• Culture of Compliance: Consider the importance of fostering a culture of compliance within organizations, including the role of leadership, training programs, and incentives in promoting ethical behavior and regulatory adherence.