SANTO DOMINGO.-Leaders of the regional financial industry and regulatory compliance professionals from Latin America will meet at the III Latin American Congress on the Prevention of Money Laundering and Terrorist Financing (COPLAFT), an event that will be held for the first time in the Dominican Republic.
The Dominican Republic Multiple Banking Association (ABA) and the Latin American Federation of Banks (FELABAN) are organizing this international event, which promises to be a key platform for discussion and knowledge exchange on these topics at a regional level.
In a press release, the ABA announced that the event will take place on October 3 and 4 at the Marriott Hotel on Abraham Lincoln Avenue, with a broad agenda that will cover, among other topics, the implementation of new technologies in the prevention of financial crimes.
In this regard, the banking association highlighted that it will explore how machine learning and artificial intelligence (AI) are transforming the compliance function within organizations and helping to prevent risks.
The country was chosen to host the meeting, which will be held in person for the first time. (External source).
"The congress will discuss risk-based approaches to strengthen compliance programs, the latest regulations, and how financial institutions can adapt to meet these new requirements," the banking association stated.
He reported that other aspects to be addressed include inter-institutional collaboration and best practices for combating crime, including success stories and collaborative strategies that have proven effective in fighting financial crimes at the regional and international levels.
The ABA reported that COPLAFT is aimed at a broad segment that includes financial and non-financial obligated entities, competent authorities, students and the general public interested in expanding their knowledge in the prevention of money laundering and terrorist financing.
For those interested in the event, the website www.coplaft.com, which contains details of the agenda, speakers, registration and other aspects of the event.
The ABA highlighted that the two previous editions of this congress were held virtually, and this time, the Dominican Republic was chosen for its first in-person version, which is generating great enthusiasm among professionals in the field.
