How to manage global AML/CTF obligations
The Global Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) team at Baker & McKenzie is embarking on a new webinar series for 2016 to guide you through the complex AML/CTF landscape and how it impacts you and your business.
The first session of our Global AML/CTF Webinar Series, titled "How to manage global AML/CTF obligations", will be held on Thursday 26 May 2016. Emma Hunter (Sydney), Karen Man (Hong Kong), Brian Whisler (Washington DC) and Arun Srivastava (London) will discuss US extraterritorial reach and cross-border compliance.
gister by clicking this link.
Kind regards,
Astrid Raetze and Emma Hunter
On behalf of Baker & McKenzie's Global AML Practice
astrid.raetze@bakermckenzie.com
emma.hunter@bakermckenzie.com
About Our Global AML Practice
Money laundering and terrorism financing are global problems. As the concern about terrorist threats continue to thrust anti-money laundering and counter-terrorism financing (AML/CTF) to the forefront, regulators across the world are increasing the obligations on companies to identify, mitigate and manage the risk of money laundering and terrorism financing.
With increasing regulatory focus on beneficial ownership, identifying the source of wealth/funds of your customers, virtual currencies, gold and the regulation of non-financial businesses and professions, navigating your AML/CTF obligations has never been more important.
In the last year alone, "de-risking" has impacted many of our clients. Other clients have been the subject of regulatory enforcement actions and regulatory investigations, some of these spanning multiple jurisdictions. In the AML/CTF space, the level of regulation, monitoring and enforcement across many jurisdictions has significantly increased. If your company is not actively managing its risks and fully meeting its AML/CTF obligations, then it is exposing itself to regulatory action, civil claims and reputational damage.
If your business operates in more than one jurisdiction, you also need to consider whether you can implement a global regime that will ensure compliance, while not losing your competitive advantage.
Baker & McKenzie advises many of the world's most dynamic and successful organisations through our 77 offices in 47 countries. We are a truly global law firm and can assist with your AML/CTF needs in any jurisdiction.
