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First day of the II International Conference Anti-Money Laundering and against the Financing of Terrorism
Publicado el July 6, 2012

Yesterday began the II International Conference Anti-money Laundering and against the Financing of Terrorism inPunta Cana, Dominican Republic, where the most important experts of the region came together.

The day ended with an extraordinary special session of typologies.

It started at 8:30 am with an opening remark by Dr. Alejandro Rebolledo antimoneylaundering.us antiavadodedinero.com editor, and he is also the director of the Institute for Professional Studies, followed by the presentations of the different experts in the field of money laundering that talked about very interesting topics on all the problems associated with organized crime, the consequences that this brings and what does the financial system should make to prevent and control the further spread of this growing problem in the world.

Here is a brief summary of the topics presented by the various speakers:


Julio César Pineda from Venezuela was the first of the speakers to present his topic Drug trafficking, terrorism, corruption and organized crime: The four horseman of the international apocalypse; where the former ambassador from Venezuela in the Arab countries mentioned that according to the UN there were laundered billions of dollars every day in the metropolis and the peripheries of the global crime, with networks and actors, taking advantage of the open borders and the new communication technology. 


Ken Bryant from the United States presented the topic How to Conducted a Structured Enterprise Wide Risk Assessment, where he pointed out that the risk assessment has to be done in a structured way; in which the ocuppation is very important, the country of origin and destination and the relationhip status, new customer or an existing one.

He also highlighted that compliance is more effective tan law enforcement because" what you is more important and far more effective, you can identify terrorists".


Germán Miranda Villalona from Dominican Republic introduced his The money laundering. Professional crime and the safe businesses, where he told the participants about the sanctions that governments have generated in everything having to do with organized crime, he also said that money laundering is the third most important business in the world and that the investment of illicit money generates an unfair competition.

Alejandro Vásquez from Costa Rica introduced his topic Stock market: Fraud prevention, control and self-evaluation management from the administration perspective of operational risk and intern audit. In the same Vasquez noted that there is an opportunity for the existance fraud when their is an  excessive consumer confidence in the caregiver and the lack of controls, additionally he noted that the financial system is innocent because it is not committing fraud, but its clients and employees are, that is why you must perform a frequent monitoring that allows you to see clearly what happens.

Amado Antonio Barahona from Panama, talked about his topic The strategies of the compliance officers in the construction of a transactional risk array.

César Palacios 
from the United Statesexposed his topic The responsibility of lawyers, abogados, advisors and consultants regarding the illicit of money laundering where he pointed out the importance of the risk assessment to be provided with a compliance manual to the staff or personnel so they can be well trained.



Ramón Aguilar from Venezuela during the presentation of his topic New international trends to prevent money laundering and the financing of terrorism, noted that companies taht have been involved in the current economic crisis has not broken for the lack of business instead is for the lack, he also recommends for the financial sector to review the alliances, conventions and commercial trades that their countries have in order to measure their risks. That is why "if we all work together as a team we can stop this problem, everybody is needed."



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