Beyond the FinCEN Files: Building a better framework for financial intelligence

(Sponsored article) The dissemination of 2,100 highly sensitive files from the US financial intelligence unit (FIU) has rattled the foundations of the global anti-money laundering regime. Trust, discretion and confidentiality sit at the heart of the relationship between reporting entities and their anti-money laundering/ counter-terrorism financing (AML/ CTF) agencies. 

In the wake of the FinCEN leaks, some penetrating questions are being asked about the future of financial intelligence. 

  • Can FIUs ensure the confidentiality of suspicious activity reports (SARs) and other transaction reports? 
  • Can we improve the effectiveness of the financial crime compliance regime, to better align reporting with law enforcement priorities? 
  • Has the SAR reporting regime acted as a "safe harbour" or "free pass" to allow major financial centres to facilitate financial crime? 
  • Is it time to reconsider the compliance-driven AML/CTF model? 

At an upcoming webinar, some of the leading thinkers in the global AML/CTF sector will share their views on these challenging issues.   

Speakers include 

  • Robert Mazur, President, KYC Solutions Inc 
  • Michael J. Messier, Private Consultant & Senior Advisor, Financial Crimes and Compliance 
  • Nathan Lynch, Asia-Pacific Manager, Regulatory Intelligence, Thomson Reuters 

Register here to attend the webinar on 17 November 2020. 

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Thomson Reuters is a leading provider of risk and compliance solutions for accounting, tax and corporate professionals. 

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