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.