The globalization of the financial system, advancements in communications and transportation facilitate the movement and concealment of criminal proceeds on an unprecedented scale. Recognizing the need for more effective countermeasures against these illicit activities, international regulators are implementing new regulations and guidelines for financial institutions to enhance their risk management framework.

Mr. Yamazaki from KPMG will give an overview of the current state of the international anti-money laundering regulatory environment and the Japanese perspective.

The presentations will also cover the latest developments in key areas including:

• Financial Action Task Force (FATF) recent developments.
• Practical suggestions for an effective BSA/AML compliance function.
• Other related topics including ‘My Number’ and Client Risk Scoring.