IBA Annual Conference Mexico City 2024

15 Sep - 20 Sep 2024

CASA DEL DIEZMO 1 & 2, LEVEL S

Countering financial crime - Sanctions add yet another layer to existing AML, anti bribery, modern slavery, tax fraud and economic crime prevention developments around the world. How can these regulatory regimes (developed mainly for Banks & FIs) be adapted and made workable for law firms?

Session information

Countering financial crime – sand in the gears of a collaborative effort

Monday 16 September (1115 - 1230)

CASA DEL DIEZMO 1 & 2, LEVEL S

Committee(s)

Anti-Money Laundering and Sanctions Expert Subcommittee (Lead)
Business Human Rights Committee
Regulation of Lawyers Committee

Description

Economic sanctions add yet another layer to existing AML-CFT, anti-bribery, modern slavery and 'failure to prevent economic crime' developments around the world. Translating these regulatory regimes (mainly set up for banks & financial institutions) to professional services firms is challenging. 
Lawyers want to play their part in countering crime (and to see any criminal actors removed from the profession). But navigating law firm collaboration across borders is becoming more difficult and complex when sanctions and AML compliance is not suitably tailored to the professional fields. 
 
•    The AML & Sanctions Experts team will lead another acclaimed interactive session by way of discussions and roundtable scenarios exploring how firms can navigate cross-border financial crime regimes.  
•    How can these regimes be adapted and made workable for law firms, to still achieve collaboration that will benefit clients and economies?  
o    Russian and other targeted financial sanctions  
o    AML & CFT developments flowing from FATF and G-20 level
o    Emerging regulatory regimes to be faced next: modern slavery, supply chain transparency, beneficial ownership rules/registers, failure to prevent economic crime or tax crime. 

Session / Workshop Chair(s)

Bradley Henry Blank Rome, New York, New York, USA; Co-Chair, Anti-Money Laundering and Sanctions Expert Subcommittee

Speakers

Jane Hunter Paragon International Insurance Brokers, London, England; Secretary, Regulation of Lawyers Committee
Hasan Mandviwalla Mandviwalla & Zafar, Karachi, Pakistan; Asia Pacific Regional Forum Liaison Officer, Young Lawyers' Committee
Paddy Oliver AML Experts, Melbourne, Victoria, Australia; Vice Chair, Anti-Money Laundering and Sanctions Expert Subcommittee
Daisuke Takahashi Shinwa Law, Tokyo, Japan; Co-Chair, Business Human Rights Committee