Financial crime does not respect borders. In an increasingly interconnected world, the harm done by fraud, money laundering, the financing of terrorism, and tax evasion is not confined to a single jurisdiction but occurs on a global basis, impacting the integrity and stability of the international financial system. Financial crime erodes trust in financial institutions and markets, in the rule of law, and in meritocracy. Inflows and outflows from financial crime can result in destabilizing hot money. Ineffective revenue collection, broad governance weaknesses, reputational risks for international financial centers, and loss of correspondent banking relationships may also result from financial crime. And if criminals can successfully introduce illicit proceeds into legitimate economies, it may create incentives for further criminal offences. The fight to combat financial crime, particularly money laundering, is global and high on the agenda of international and domestic policymakers and regulators.

The objective of the workshop is to provide an overview of the regulatory framework in South Africa and internationally for combating financial crime, particularly money laundering, in financial markets. The workshop will focus on the risk-based approach to identify, evaluate, manage, report, and monitor money laundering / terrorist financing risks.

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Day 1

Ms. Ingrid Goodspeed

Financial crime types, definitions, and terminology
Financial crime and money laundering typologies and red flags
The importance of combating financial crime and money laundering
Guidelines for the implementation of international best practice / standards including the FATF recommendations
The facts and impact of greylisting
Implementation of the South African legislative framework for combatting financial crime including:
Outline of the Acts
The role players
The role, functions and powers of the Financial Intelligence Centre
The role, functions, and powers of supervisory bodies
The role of accountable institutions
Suspicious transactions reporting and ad-hoc investigations
The global response to tackling concealment of beneficial ownership of legal persons and legal arrangements
Key components of a financial crime risk management framework
Nature, implications, and methods of controlling the risk of financial crime and money laundering


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  • SAIFM Full members

    R 4,784

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    R 5,238.25

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