VII Hemispheric Congress

on Money Laundering Prevention

Panama City, Panama, August 20-22, 2003

• Money laundering, tax heavens and suspicious transactions
• Practical consequences for financial institutions of the legal requirements and regulations of the US Patriot Law
• Round table of intelligence officers and financial analysis units of the Latin American countries.
• Efforts, standards, systems and practical experiences in money laundering prevention through banks and stock markets in Latin America
• Anti – money laundering techniques, methods and regulations in stock market activities.
• Case studies on suspicious activities
• Practical cases on how the Peso Black Market is being used in money laundering.
• New standards on due diligence and compliance in correspondent and private banking
• The vision of money laundering from the judicial perspective
• Know your employees
• The use of computerized information systems for the detection of suspicious transactions associated to money laundering ad the financing of terrorism
• Debit card money laundering schemes

Notwithstanding the progress as a result of prevention measures, money laundering continues to be a problem that affects financial institutions and corporations everywhere, sometimes with devastating consequences. Prevention measures must be regularly reinforced and updated to keep abreast of new schemes, techniques and tools being used to disguise laundering operations as legitimate commercial transactions, investments or international transference of funds.

Furthermore, the events of September 11, 2001, have introduced a new variable in the control of financial operations world – wide. The new legislation enacted by the US Government, seeking to hinder the financing of terrorist organizations and their operations, is one of the consequences that financial institutions must face immediately.

The continuation of this forum for the analysis and discussion of this problem is therefore not only necessary, but a unique opportunity to meet, make personal contact and learn from key people involved in the prevention, investigation and enforcement throughout the hemisphere.

In continuing to fulfill this purpose, the Panama Banking Association, with the cooperation of the Latin American Banking Federation, and other related institutions, invites bank and corporate executives, compliance officers, auditors, attorneys, law enforcement officials, securities brokers and investment managers, among others, to participate in the VI Hemispheric Congress to be held in Panama City, Panama, on August 20 to 22, 2003.

Programa estructurado para atender las necesidades y los intereses de los bancos y casas de valores de la región.

Siete años de experiencia, reconocimiento internacional oficial y privado.

Nuevos y variados temas y oradores orientados especialmente a la audiencia latinoamericana.

Incluye Taller Práctico sin costo adicional