Finance Latvia Association together with the FIU Latvia invite all industry professionals having compliance responsibility to identify suspicious activity to participate in the Workshop “Identification of Terrorist Financing Risks, and Better Understanding of Systemic Vulnerabilities”.
The Workshop will take place at Riga Business School, Skolas iela 11, Via Finance Auditorium (2nd floor) on January 16 from 1 until 5 p.m.
Welcome to register online by January 11, 2019: https://financelatvia.323.lv/en/education-and-training/specialist-training/
Latvia’s most recent Moneyval evaluation report (July 2018) pointed out an absence of a robust terrorist financing risk assessment as a major deficiency in Latvia’s effective efforts to prevent and combat terrorist financing. Nature and implications of terrorism are ever-changing, hence, constantly posing new “unknown-unknowns” to entities obliged to identify such risks – a source of a great concern to Latvian law enforcement community and financial industry.
The Latvia’s Moneyval has mentioned the absence of a robust terrorist financing risk assessment as a major deficiency in Latvia’s effective efforts to prevent and combat terrorist financing. The landscape of terrorism is ever-changing and constantly threatening. Latvian law enforcement community and financial industry are very concerned and are aware about the threat originated by terrorists to innocent people.
The best way to prevent terrorism is to disrupt their ability to raise and access funding. A timely and due identification of terrorist financing is one of the most challenging and demanding tasks facing the financial institutions as well as other obliged entities. This interactive half day long workshop will focus on FATF recommendations and IO regarding terrorist financing; their actual implementation, aspects of Latvia’s Moneyval report regarding terrorist financing and its implications as well as current and emerging terrorist threats and detection mechanisms that Latvian financial institutions and other obliged entities can use to identify and report suspicious activity related to terrorism.
All levels officers of the financial institutions and other obliged entities having compliance responsibility to identify suspicious activity that likely involves terrorists or the criminals they associate with.
12.30-13.00 Registration
13.00-13.30 Opening
13.30-14.30 Session 1
Global TF threats
FATF recommendations and IO regarding TF and their actual implementation (criminalization – r.5 IO9, asset freezing – r.6 IO10)
by Yehuda Shaffer, Independent Consultant; legal and law enforcement expert with 30 years of experience in the investigation and prosecution of financial crime and confiscation of assets
14.30-15.30 Session 2
TF: New trends and American perspective
by Stefan Cassella, Asset Recovery and Money Laundering Expert
15.30-15.45 Coffee break and networking
15.45-17.00 Session 3
17.00-17.05 Closing
Please note that due to the limited space capacity this workshop is primarily intended for the representatives of the members of the Finance Latvia Association, financial institutions licensed by the FCMC and representatives of Latvian self-governing professional organizations (attorneys at law, notaries-public, and accountants)
Finance Latvia Association members
80 EUR
Non-members
150 EUR
Working language is English
Participants will receive a certificate of attendance.
Please register by January 11, 2019
Link to registration – https://financelatvia.323.lv/en/education-and-training/specialist-training/
Only registered and confirmed participants will be able to attend.
The Workshop will take place at Riga Business School, Skolas iela 11, Via Finance Auditorium (2nd floor) on January 16 from 1 until 5 p.m.
