Financial crime is a significant threat to the safety and security of citizens and to the integrity of individual countries and the global financial system. While the proliferation of digital technologies presents many opportunities for financial systems, it also has introduced a new age of financial crime. For instance, crypto assets are a currency of choice among criminals.

The panel discussed:

• The importance of global implementation of FATF’s standards to ensure responsible financial sector growth
• Using the latest data technologies to combat financial crime
• How financial supervisors can better detect criminal activity and enhance know-your-customer protocols
• How policymakers and supervisors can advance global coordination to combat financial crime

Opening Remarks:

Ian Gorst, Minister of External Affairs, Government of Jersey

Panelists:

Abdul Rasheed Ghaffour, Governor, Bank Negara Malaysia

T. Raja Kumar, President, Financial Action Task Force (FATF)

Cecilia Skingsley, Head, BIS Innovation Hub, Bank for International Settlements 

Moderator:

Jennifer Elliott, Advisor, Monetary and Capital Markets Department, IMF; Board Member, Toronto Centre

Read their biographies here. 

https://www.torontocentre.org/