International Conference on Financial Crime


11th International Conference on Financial Crime and Terrorism Financing 2019

Financial crime has become an increasingly significant global issue and continues to evolve rapidly with the digital age, presenting a great risk to the integrity of the global financial system and society. Two most prevalent types of financial crime today — money laundering and terrorist financing — remain top concerns in the financial industry given the rising sophistication and complexity of these activities. According to a global report1, the cost of financial crime to the global economy is estimated at US$1.45 trillion while in the Asia Pacific, estimates stand at US$166 billion. Additionally, the amount of money laundered globally in a year is estimated by the United Nations Office on Drugs and Crime to be 2%–5% of global GDP, or US$800 billion–US$2 trillion.

Against this backdrop, governments, law enforcement agencies and regulators worldwide are calling for greater transparency, accountability and collaboration to further raise awareness of this issue on a global scale and develop new, innovative and effective ways to fight these crimes. Given that financial institutions are the front liners who play a pivotal role in safeguarding a nation’s financial system, it is imperative that financial practitioners comply with regulatory policies and keep abreast of the latest developments, technologies and tools needed to take on financial crime and implement more effective and efficient preventive controls.

In line with our national reform agenda of strengthening transparency and accountability, the theme at this year’s International Conference on Financial Crime and Terrorism Financing (IFCTF 2019) is “Building Trust and Transparency: Collaborate, Accelerate, Strengthen”. Discussions and debates at the event will centre on the various aspects of this multi-faceted and borderless issue, covering topics such as combating corruption and bribery, conduct risk, tax evasion and abuse, regulatory updates, terrorism financing, digital disruptors and new technologies, proliferation financing, cybersecurity and more. The one-day Masterclass will focus on best practices in conducting meaningful and effective customer due diligence in the digital age.

This year’s conference will bring together leading global regulators, financial crime experts, thought leaders and industry practitioners, who will share their views and insights on the magnitude of financial crime today, its challenges and effects and the solutions needed to stem its rising tide. The IFCTF 2019 is expected to draw more than 800 delegates from the public and private sector, including regulators and banking and financial practitioners. It will also provide an important platform for the anti-financial crime community in Malaysia and beyond to further network and strengthen collaboration to fight financial crime.

Registration opens at the end of August 2019.
Stay tuned for more details.