City & Financial Global is delighted to announce its Financial Crime and Anti-Money Laundering Virtual Summit is taking place on 5th November 2020.  

One of the many unforeseen consequences of the current Covid-19 pandemic has been an increase in exposure to financial crime, in particular opportunities for money-laundering and fraud. Government bodies, prosecuting bodies and regulators are also struggling to keep pace with technological developments, cyber-attacks and the use of cryptocurrencies as vehicles for money-laundering. Attempts have been made to bring crypto within the scope of the Fifth Money Laundering Directive (5MLD), but how successful have they been? 

In its Economic Crime Plan published last year, the UK Government set out an ambitious agenda to combat economic crime.  It states: “through this plan the full force of the public and private sectors will be employed to reduce the impact of economic crime felt by so many and bring to justice those criminals who act with impunity.” And yet the perception of London as “the oligarchs’ laundromat” remains. 

This influential virtual Summit features contributions from key figures from the Home Office and the US Department of Justice who will discuss what they are doing to address both the perception and the reality of the economic crime threat.