The Risk Professional: Forum - AML/CFT Risk in Mobile Payments, e-Payments, Kiosks and Payment Cards

Mobile Banking, e-payments and Payment Cards are ideal means of moving value without moving money. In effect, these systems turn everyone into their own hawaladar or chop dealer.

And put a bank in everyone's pocket.

They are, mostly, designed for small transactions but in some cases can be used for substantial amounts without drawing suspicion.

They are ideal for facilitating small cross-border payments by large numbers of people for illegal activities.

Despite the obvious risk, the legal and regulatory treatment of these systems differs widely from country to country, facilitating the "shopping around" by criminals for the lowest risk (to them) methods of accessing a payment system that can be used both domestically and internationally, regardless of culture and currency.

The Financial Crime Forum's 2012 Asia Pacific Forum focuses on these risks and how to identify and manage them.

Registration will open in January 2012 when the full programme is published.

Pre-registration does not commit you to any purchase but it does entitle you to a discount of 25% against the full ticket price, which exceeds the standard "early bird" discount.

http://www.financialcrimeforum.com