AFC in Practice - How Strategic Corruption May Impact Financial Institutions
Overview
The U.S. Strategy on Countering Corruption, unveiled in December 2021, vowed to shore up globally coordinated efforts to “identify, track, and disrupt illicit finance and other illicit activity, kleptocracy, and strategic corruption in priority countries.” Several months later, after Russia had launched its all-out invasion of Ukraine, U.S. President Joe Biden and European Commission president Ursula von der Leyen jointly pledged to combat Moscow’s strategic corruption and kleptocracy. The rise of strategic corruption, backed by the full arsenal of powerful state actors, represents a sizeable threat not only to trust in government and society at large, but also to the integrity of the global financial system. In this webinar, we will try to explain why financial institutions need to understand their exposure and how to equip themselves with policies, procedures and tools to deal with this mounting threat.
Learning Objectives
Outlining the concept of strategic corruption and exploring how adversarial governments may use the financial sector as a geopolitical tool
Examining the potential need for EDD protocols, particularly concerning politically exposed persons (PEPs), to mitigate strategic corruption risks
Identifying real-world examples of strategic corruption and recognizing key risk indicators financial institutions should be aware of
M&T Bank
Who Should Attend?
- ABC Professionals
- AFC Professionals
- BSA/AML Officers
- Public Sector Professionals
- Thinktank and Policy Professionals
Topics
- Sanctions and Non-proliferation Finance
- Other Predicate Crimes
- Financial Crime Controls
- Bribery and Corruption
- KYC
- Risk Assessment
- Risk Management
Industries
- Financial Services
- Public Sector
Level
- Intermediate
Pricing
- Webinars are available one year following purchase.
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