MIAMI, Nov. 29 /PRNewswire/ -- Lawyers and Accountants who attend the Florida International Bankers Association (FIBA) Anti Money Laundering conference in Miami on February 12, 13 and 14, 2007, can earn up to 23 credits for accountants and 26 continuing education or international law credits for attorneys, including 19.50 which would apply to litigation.
Organized by Florida International Bankers Association (FIBA) - a Miami based trade association of international banks that includes six of the 10 largest banks in the world as well as the offices of most of the major banks of Europe, the US and Latin America - this annual conference focuses on current Anti Money Laundering (AML) issues, such as AML Risk Assessment and Mitigation, Enterprise-Wide Risk Management, OFAC (Office of Foreign Assets Control), Suspicious Activity Reporting, international Correspondent banking and recent enforcement actions against financial institutions, which in the past five years have totaled nearly a half billion dollars.
The Conference will begin with an all-day program (Monday, February 12) dealing exclusively with Foreign Correspondent Banking. The program agenda will include extensive discussions by US and foreign bankers, regulators and attorneys on the requirements for additional and enhanced due diligence under the Final FinCEN Section 312 Regulation.
The development and implementation of appropriate AML Risk Management infrastructure will be the primary focus of the panel discussions on the second day of the Conference (Tuesday, February 13). Risk-based compliance program must be enterprise-wide, covering all product lines, services and geographic locations, whether inside or outside the U.S.
The third day of the Conference (Wednesday, February 14) will concentrate on specific topics of interest, including facing regulatory enforcement activities, suspicious activity reporting and independent testing of the financial institution's AML Program . There will also be breakout sessions on the AML implications for Trade Finance/Letters of Credit, Commercial and Corporate Banking issues, and Criminal Enforcement Actions.
About FIBA
Florida International Bankers Association (FIBA), Inc., is a non-profit corporation founded in 1979 to promote international trade and finance in the State of Florida. FIBA's membership includes six of the 10 largest banks in the world as well as the offices of most of the major banks of Europe, the US and Latin America. Membership spans 18 countries across 4 continents.
Florida International Bankers Association
