ACFCS CEE Chapter

📣 Calling all Financial Crime Professionals! 🚨 Join us for the 3rd Edition of the ACFCS CEE Chapter and LexisNexis Risk Solutions Workshop on Anti-Money Laundering (AML) and Transaction Monitoring in #Warsaw! 🔍 Dive deep into the realm of #fincrime #compliance with tailored insights and strategies to enhance proficiency. 🔥 Get hands-on with interactive #workshop sessions, empowering you to apply theoretical knowledge to real-world scenarios. 💼 Explore cutting-edge tools and techniques to #optimize AML processes and enhance transaction monitoring capabilities. 🤝 Network with industry peers and cultivate new skills to drive success in your compliance efforts. Spaces are limited! Reserve your spot now to secure your participation in this immersive learning experience. 📅 Date: 11 June 2024 📍 Location: Warsaw, Poland 🖋️ Register here: https://lnkd.in/eH9qs6zh Don't miss this unique opportunity! Register today and elevate your AML and transaction monitoring capabilities. Have a question? 🤔 Reach out to Denitsa Rebaine, Anna Woszczyk, Olha Taran or Daniel Mazurek, CAMS Thanks to LexisNexis Risk Solutions and Karina Burdun for setting all up! #FinancialCrime #AML #TransactionMonitoring #Compliance #Workshop #Warsaw #mlro #complianceofficers Attila Takács Samuel Amofa Asante Ralitsa Karagyozova Ruslan Kostetsky Rostyslav Dyuk Jan Indra Kinga Szukalska - Preisner Association of Certified Financial Crime Specialists - ACFCS Kata Martinez Piotr Ruman 🤠 Chris F.

What are the #compliance challenges you are experiencing now as the EU introduced #SEPAInstantPayments? Join Denitsa Rebaine, Emilio F. Rocchi and Nezar Nassr on an insightful webinar moderated by Halyna Hermanns, CAMS

🚨 Dołącz do nas na Warsztaty AML & Fraud Prevention w Warszawie – 28 listopada! 🚨 Z radością dzielę się wyjątkową okazją dla wszystkich zainteresowanych pogłębianiem wiedzy z zakresu przeciwdziałania praniu pieniędzy (AML) i zapobiegania oszustwom finansowym! 🎉 28 listopada LexisNexis Risk Solutions, we współpracy z ACFCS CEE Chapter, organizuje bezpłatne warsztaty praktyczne w Warszawie. To wydarzenie to doskonała okazja, aby: - Przeanalizować rzeczywiste studia przypadków - Zdobyć praktyczne strategie gotowe do natychmiastowego wdrożenia - Nawiązać kontakt i networking z ekspertami branży Liczba miejsc jest ograniczona, więc nie zwlekaj i zarejestruj się już teraz, aby zapewnić sobie miejsce na tym wyjątkowym warsztacie! ➡️ Zarejestruj się tutaj: https://lnkd.in/e-WbkWHY #aml #warsaw Denitsa Rebaine Anna Woszczyk Daniel Mazurek, CAMS Jan Indra Attila Takács Ralitsa Karagyozova Karina Burdun Karolina Kobus Ruslan Kostetsky #amlworkshop

We are excited to announce that we will be working next year with the Bulgarian Association of Anti-Financial Crime Experts on exciting events and will bring the CEE community together to learn and interact! Follow us and BAAFC to stay tuned! Thank you Radomir Dukov, (PhD Candidate), CFE, CAMS, CSS

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📢 Earlier this month #FinCEN published an advisory to financial institutions to counter the financing of Iran-backed terrorist organizations 📢 Take a note of the🚩red flags from the advisory. This advisory was published in light of intensified terrorist activity in the Middle East. FinCEN urges financial institutions to be vigilant in identifying potential suspicious activity related to the financing of Iran-backed militias and terrorist organizations. Is your organization prepared? Learn more and join us for a real-world AML cases on our workshop on June 11th in #Warsaw. Registration is open: #amlcft #terroristfinance #moneylaundering #sanctions #highrisk #charity #compliance #complianceofficers #complianceprofessionals #redflags #financialcrime #antimoneylaunder #mlro Denitsa Rebaine Compliance Time Podcast Association of Certified Financial Crime Specialists - ACFCS ACFCS Nordic Chapter ACFCS MENA Chapter Anna Woszczyk Olha Taran Ralitsa Karagyozova Samuel Amofa Asante Daniel Mazurek, CAMS Karina Burdun Jan Indra Attila Takács Ruslan Kostetsky Kinga Szukalska - Preisner

The 🇪🇺 EU has adopted more than 40 regimes (both horizontal and country-based) with #sanctions as part of its Common Foreign and Security Policy. The restrictions consist of: Ø  arms embargoes 🔫 , Ø  travel bans ✈ , Ø  asset freezes ❄ and Ø  other economic measures such as limitations on imports and exports 🚚 . While sanctions are adopted at EU level, #enforcement relies on member states, which is why punitive consequences may vary from criminal prosecution to administrative penalties depending on the country. To complicate matters further, designated subjects have become very creative in finding ways to evade the restrictions and continue performing banned activities. Relatives, close associates, ghost fleets, fake passports (including diplomatic ones), complex corporate structures, #offshore jurisdictions with strong privacy laws and minimal #ownership transparency have been used for decades by sanctioned individuals and entities that have – in a concerning number of cases – managed to regain access to their blocked funds despite regulators’ promises that violations will not be tolerated. Has something changed recently? In April 2024, the Council of the #EU approved a Directive introducing EU-wide minimum rules for the prosecution of violation or circumvention of EU sanctions in member states.  What are the key elements of the directive?   Ø  It provides definitions of the activities that should constitute #criminaloffences, including #circumvention of restrictive measures, such as transferring economic resources to third parties and providing false or misleading information on ultimate ownership and beneficiaries. Ø  Inciting, aiding and abetting, and attempting the commission of a sanctions violation is punishable as a criminal offence as well. Ø  Penalties for individual violators: imprisonment between at least 1 and 5 years depending on the offence. Other non-criminal penalties: fines, withdrawal of permits, disqualifications, and temporary bans on running for public office. Ø  Penalties for legal persons: they can be held accountable when an offence has been committed by a person with a leading position in the organisation. Other punitive measures include: exclusions from public benefits, aid or funding, disqualification from the practice of business activities, withdrawal of permits and authorisations to pursue activities which have resulted in the relevant criminal offence, placing under judicial supervision, judicial winding-up, closure of establishments used for committing the criminal offence.            What’s next? ⏩ The Directive will enter into force on the 20th day following that of its publication in the Official Journal of the European on 29 April 2024 and member states will have 12 months to incorporate its provisions into their national legislation. Ralitsa Karagyozova Denitsa Rebaine Olha Taran Anna Woszczyk Daniel Mazurek, CAMS Jan Indra Attila Takács Ruslan Kostetsky Samuel Amofa Asante #compliance #mlro

💎 Diamonds: money launderers' best friends? 💎 ✨ Diamonds, with their high value, can be used a currency 💎 The diamonds industry is very lucrative for #TBML due to the high subjectivity in valuation of diamonds ✨ The precious stones are great for facilitating #corruption 💎 Most recently, the precious stones are under more scrutiny in relation to #russia #sanctions Ready to sharpen your AML skills and network with industry experts? Join us at the upcoming ACFCS CEE Chapter and LexisNexis Risk Solutions Workshop in Warsaw, where we'll delve into fascinating cases and look for red flags. Register now: https://lnkd.in/eH9qs6zh #moneylaundering #aml #antimoneylaundering #financialcrime #fincrime #fraud #mlro #compliance #complianceprofessionals Olha Taran Anna Woszczyk Ralitsa Karagyozova Daniel Mazurek, CAMS Karina Burdun Attila Takács Denitsa Rebaine Jan Indra Samuel Amofa Asante Ruslan Kostetsky Kinga Szukalska - Preisner

What do you think would happen next year when #AMLA 's activities begin? On 22 February 2024, the #EuropeanParliament and the Council voted together to choose #Frankfurt as the home for the EU’s new Anti-Money Laundering Authority, or #AMLA for short. AMLA’s key objective will be to protect EU citizens and the EU’s financial system against #IllicitMoneyFlows and #TerroristFinancing. AMLA will be set up as a decentralised EU regulatory agency, which means AMLA will have its own legal frameworks and is set up for an indefinite period. 🤔 Why was AMLA created? Up until now, there has been no pan-European authority to control money laundering. In 2020, Vice President of the European Commission for Values and Transparency Commission, Věra Jourová, estimated that around 1% of EU wealth is involved in “suspect activity”, equating to about €160 billion. In July 2021, the European Commission proposed the creation of an agency in direct response to this problem. That was the begging. 🎯 AMLA will have two main areas of activity: ⚫ Direct and indirect supervision of financial sector entities exposed to the highest risk of #moneylaundering and #terrorismfinancing (including #cryptoasset service providers). ⚫ Hosting the central online financial intelligence system and facilitate information exchange and cooperation between Financial Intelligence Units (FIUs). 🐾 The Next Steps for AMLA Currently, the immediate next step includes finalising the text of the agreement and presenting it to the representatives of member states and the European Parliament for approval. It’s estimated that AMLA will begin direct supervision of ‘high-risk’ institutions in 2026/2027. #amla #aml #antimoneylaundering #compliance #complianceofficers #complianceprofessionals #mlro #fincrime #financialcrime #eu #regulator #regulations Olha Taran Anna Woszczyk Ralitsa Karagyozova Samuel Amofa Asante Daniel Mazurek, CAMS Jan Indra Attila Takács Ruslan Kostetsky

Curious to learn more about the new #regulatory trends in #AML? In 2021, the European Commission presented an ambitious package of legislative proposals to strengthen the EU's rules on anti-money laundering and the countering of terrorism financing (AML/CTF). On 17 January 2024, the Council of the European Union and the #EuropeanParliament agreed on parts of this package. The main purpose of the new rules is to harmonize European rules and align these with the recommendations of the Financial Action Task Force (#FATF), setting out a framework of AML/CTF measures countries should implement. Main changes introduced: 📝Authorities, journalists, civil society organizations, to gain access to new registers, information sources 💸 EU limit on large cash payments up to EUR 10 000 ⚽ Due diligence rules to apply to football clubs and agents from 2029 🏛️ New EU Agency to directly oversee riskiest entities What next ⏭️ The texts of the new European #AMLpackage will be finalised and must be approved by the European Committee of Permanent Representatives and the European Parliament. Publication will be take place after the Council of the European Union and the European Parliament have adopted the package. Implementation is expected in 2027. Join us on 11 June in #Warsaw for an interactive #workshop with LexisNexis Risk Solutions 💺 Reserve your spot now: https://lnkd.in/eH9qs6zh #moneylaundering #compliance #financialcrime #fincrime #mlro #EUAML #AMLA #complianceofficers #complianceprofessionals #sanctions #amltrends Denitsa Rebaine Olha Taran Karina Burdun Anna Woszczyk Attila Takács Daniel Mazurek, CAMS Jan Indra Piotr Ruman 🤠 Ruslan Kostetsky