IFCTF Will Explore Emerging Trends in Financial Crime and Detection

The 9th International Conference on Financial Crime and Terrorism Financing (IFCTF) will be held on 4 – 5 October 2017 in Kuala Lumpur with the theme “Future Proofing Compliance: Responsibility and Response-Ability”. This year the conference will explore emerging trends in financial crime and the next generation of detection and technological capabilities required to meet regulatory expectations.

With the threats of financial crime continuing to evolve at an alarming speed; regulators, governments and other international bodies expect financial institutions (FIs) to build structures and processes to ensure the integrity of the financial system. Compliance professionals must futureproof their functions to address new threats and rising costs while meeting regulatory demands.

IFCTF is jointly organised by the Asian Institute of Finance (AIF) and the Compliance Officers’ Networking Group (CONG), fully supported by Bank Negara Malaysia (BNM) and the Securities Commission Malaysia.

The organising committee of this year’s conference is chaired by V Maslamani, Chairman of CONG and Chief Compliance Officer of Al Rajhi Bank. The committee features representatives from BNM, Asian Institute of Chartered Bankers (AICB), Bursa Malaysia Berhad, Islamic Banking and Finance Institute Malaysia (IBFIM), Malaysian Association of Money Services Business, Securities Industry Development Corporation (SIDC) and The Malaysian Insurance Institute (MII).

V Maslamani said, “Topics in this year’s conference are designed to provide a future outlook to participants and Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) practitioners. The conference will assemble international experts and industry specialists to provide insight on current and future criminal threats as well as specify plans and strategies for compliance professionals to respond quickly and effectively to these threats.”

AIF CEO, Dr Raymond Madden comments that they expect to attract over 500 delegates this year, including senior compliance professionals from regional and global banks and other financial institutions.

The keynote address will be given by Tan Sri Muhammad Bin Ibrahim, Governor of Bank Negara Malaysia.

Other speakers at the conference include senior representatives from both domestic and international agencies as well as private sector experts, covering topics such as cybersecurity, the dark web, cryptocurrencies and terrorism financing, among others. Speakers from BNM, Royal Malaysia Police, CyberSecurity Malaysia, FBI, U.S. Department of Justice and the Malaysian Anti–Corruption Commission, as well as a range of major financial organisations and industry suppliers will participate over the two-day conference.


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