ACAMS Singapore Chapter February 2024 Event: Singapore’s Recent ML Findings and Control Implications
Singapore's biggest money laundering case unfolded in August 2023, involving $2.8 billion and 10 foreign nationals accused of laundering organized crime profits. They used forged documents and shell companies to move funds through the financial system.
Over $1 billion was seized in bank accounts, luxury goods, and cryptocurrency. This event raises concerns about vulnerabilities in Singapore's financial hub and improvements needed in controls to better identify and mitigate such risks in future.
Join us for an evening with a guest speaker who will discuss global/ cross border asset recovery and misuse of citizenship followed by our panel of industry experts for an exciting discussion on the potential lapses and enhancements in the controls within financial institutions.
Registration opens: 5:30 pm
Presentation starts: 6.00 pm
Presentation ends: 7.00 pm followed by networking drinks
Event ends: 8.00 pm
Please note that this event is a closed-door session, no media coverage allowed.
Registration required at MBFC Tower 3, 1st Floor Lobby, Reception.
1 ACAMS Credit and e-Certificate of participation will be provided to all registered and paid attendees for this in-person event.