This is the 2nd edition of the IFCTF Conference following the hugely successful event in 2009.

The increasing expectations for good governance, effective risk management and complex demands for legislative and regulatory compliance are presenting a growing challenge for every organization. During the last few years, institutions of all sizes had no choice but to invest significantly in embracing higher governance standards to increase their market share in a volatile and competitive market. This also applies in building effective AML/CFT compliance programs. The ‘Know Your Customer’ legislations may have been seen as an unreasonable burden in the early years by the financial sector. But that mindset is slowly shifting where many institutions are realising that their reputation in the market place is a key component in realising the vision, mission and achieving their shareholders’ value.  Now the buzz phrase, ‘the responsibility and mission of everyone involved in financial system is to safeguard the financial system from abuses of money laundering, terrorism financing and other financial crimes’ is fast becoming a norm.

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