FATF 40 + 9 Recommendations Review - Impact Assessment and Discussion Group

The consultation period is short and includes the long Christmas break where many of those affected will be away from work for as long as two weeks.

As a result, the consultation process is likely to miss the important chance for practitioners and the companies for which they work to present effective representations.

To ensure that as many Money Laundering Risk Officers, compliance officers and directors of financial institutions and other businesses affected by the FATF's Recommendations have the chance to make their voice heard, The Anti Money Laundering Network, through its training and conferences division, The Financial Crime Forum is holding a series of seminars to explain the proposed changes, deliver an impact assessment and to use discussion groups to consider the proposals, to produce comments and to make suggestions for improvements, including proposals for new measures where practitioners have found that the R40+9 have gaps which, if filled, would reduce risk, improve compliance and make counter-money laundering risk and compliance less complex, impose a lower administrative burden on staff and increase effectiveness.

Because of the very short time between the announcement of the consultation and its closing date, the seminars must be held at very short notice.

The initial round of seminars is set for the following:

Kuala Lumpur: 24 November 2010Singapore: 26 November 2010Jakarta: 29 November 2010Hong Kong: 1 December 2010London: 3 December 2010

The number of delegates is restricted to 40 per event.

The meetings will be chaired by Nigel Morris-Cotterill, Head, The Anti Money Laundering Network who will also present the impact assessment.

If a financial institution would like to host any of the seminars or to suggest additional venues The Financial Crime Forum welcomes suggestions using the “Suggest Venue / Offer to host meeting” form.

For full information and a booking form, visit www.financialcrimeforum.com.