Webinar by Prof Janek Ratnatunga “Money Laundering: Traditional vs. Digital: Key Lessons for Bankers and Finance Professionals”

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CPD Hours: 1

Webinar details:

Money laundering – the process of making illegally-gained proceeds ("dirty money") appear legal ("clean") – is more than a financial crime. It is a tool that makes all other crimes possible – from drug trafficking to political crimes. In several legal and regulatory systems, however, the term money laundering has been extended to other forms of financial and business crimes; and is sometimes used more generally to include the misuse of the financial system (involving things such as securities, digital currencies, credit cards, and traditional currency) – including terrorism financing and evasion of international sanctions. The unfortunate reality is that it is not only the dubious banks in less regulated countries that make money laundering possible; but also the banks in supposedly highly regulated countries. Along with the traditional money laundering schemes facilitated by the traditional banks, the cryptocurrency industry (bitcoins) has also been criticized for being a tool for money laundering.  This presentation will outline the various traditional and digital money laundering schemes; and provide key lessons for bankers and finance professionals in implementing anti-money laundering legislation.

Presenter

Prof Janek RatnatungaProf. Janek Ratnatunga

Professor Janek Ratnatunga is CEO of the Institute of Certified Management Accountants. He has held appointments at the University of Melbourne, Monash University and the Australian National University in Australia; and the Universities of Washington, Richmond and Rhode Island in the USA. Prior to his academic career, he worked with KPMG.

 

When
March 25th, 2021 from  4:00 PM to  5:00 PM
Location
Online Webinar (AEST Time)
Melbourne, VIC
Australia
Contact
About Prof Janek Ratnatunga 1129 Articles
Professor Janek Ratnatunga is CEO of the Institute of Certified Management Accountants. He has held appointments at the University of Melbourne, Monash University and the Australian National University in Australia; and the Universities of Washington, Richmond and Rhode Island in the USA. Prior to his academic career he worked with KPMG.