AML & CFT - CRIMINAL TRENDS: FACTS YOU ARE PRESUMED TO KNOW (Part 3 of 4)
1.30pm until 5.00pm
Castille, Casa Leone, Floriana
“Profit is fundamental to the goals of most crime, and therefore criminals make great efforts to move illegally obtained money and other assets in order to convert, conceal or disguise the true nature and source of these funds.” (Global Money Laundering & Terrorist Financing Threat Assessment, July 2010) Money launderers and supporters of terrorism have demonstrated great creativity in building upon traditional money laundering techniques to develop further complex money laundering schemes designed to thwart the ability of authorities to prevent, detect and prosecute the laundering. Keeping up with the creativity of criminals flush with cash is a full time job requiring the consistent and combined talents of all those combatting the crimes.
Money laundering continues to be a serious global threat as jurisdictions flooded with illicit funds are vulnerable to the breakdown of the rule of law, the corruption of public officials and destabilization of their economies. Thus, the immense social costs of crime require that the all those involved in the preventative process make every effort to stay abreast of the evolving methods and techniques employed by the criminals.AML, CFT, Money Laundering, Criminal, trends