Malaysia to host the annual International Conference on and Terrorism Financing (IFCTF) 2013 on 23-24 October 2013 with the theme “Risk, Governance & Self-Regulation: Within and Beyond”. The IFCTF 2013 is organised by Asian (AIF) and the Compliance Officers’ Networking Group (CONG), in collaboration with Institute of Bankers Malaysia (IBBM), Islamic Institute Malaysia (IBFIM), the Malaysian Insurance Institute (MII), Securities Industry Development Corporation (SIDC) and Universiti Teknologi MARA (UiTM). This conference is made possible with the unyielding support of Bank Negara Malaysia, the Central Bank of Malaysia.
This year’s conference will enable delegates to gain insights on new trends and developments as well as emerging threats that affect the services sector, namely conventional banking, Islamic finance, capital markets and insurance, from the perspective of both compliance officers as well as key enforcement agencies.
This year’s focus will be on the 3rd Mutual Evaluation Exercise, which Malaysia will be undergoing in 2014 as part of the country’s commitment to combat and terrorist financing. Malaysia will be among the first few countries to be assessed under the revised International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation issued by the Financial Action Task Force (FATF), an international standard setting body for the AML/CFT. This coming Mutual Evaluation will place greater emphasis on the “effectiveness” of the anti-money laundering / counter financing of terrorism (AML/CFT) measures implemented and how the country achieves a defined set of outcomes that are central to a robust AML/CFT system. It also analyses the extent to which a country’s legal and institutional framework is producing the expected results.
Entering its fifth year, the IFCTF 2013 conference has been designed to include plenary sessions to provide a broader understanding on the strategy to be adopted in designing a globally effective compliance programme. In addition, in order to cover all key topical areas of interest, the conference will also consist of nine concurrent or break-out sessions over the two days. IFCTF 2013 will witness around 50 industry experts and will be giving presentations and moderating in sessions on the subject matter.
Representatives and personnel from the financial sector, enforcement agencies, regulators and government bodies, legal firms, accounting firms, audit companies, risk firms and learning institutions will benefit greatly from this conference. Those interested to attend can register online http://www.ifctf2013.com, call 603-62053389 or via email [email protected]
ABOUT ASIAN INSTITUTE OF FINANCE
The Asian Institute of Finance, a joint initiative by Central Bank of Malaysia and the Securities Commission Malaysia was established to enhance development in the financial services industry across Asia.
Committed to lead capacity building and standards setting for the financial services industry, the Institute offers thought leadership and applied industry focused research in key areas of talent management, financial inclusion, ethics and strategic risk.
Working in partnership with Institute Bank-Bank Malaysia, Islamic Banking and Finance Institute Malaysia, Malaysian and Securities Industry Development Corporation, the Asian Institute of Finance coordinates and enhances programme content and delivery for the financial services industry both domestically and regionally.
*This article was published by Bernama Media Relations & Event Management. Read the original article here.
