Investment Funds & Asset Management
Learning from the Past; Safeguarding the Future – Webinar
23rd April 2020
— 23rd April 2020
16:00 - 17:30
Organised by GANADO Advocates
Recent years have been characterised by a series of AML scandals. Billions of dollars have been forked out by the likes of UBS, Deutsche Bank and Standard Chartered Bank, to pay for out-of-court settlements and regulatory penalties. Then again, the financial cost of these failures is just the tip of the iceberg; reputation, once lost, causes entrenched uncertainty, and invariably, loss of future business. Whilst large institutions may be able to weather such a storm, smaller institutions might not have the financial cushioning required to soften the blow.
The latest Dankse Bank AML scandal sent shock waves throughout the financial world. This webinar will seek to identify the shortcomings that led to one of the largest AML failures of all times. We will discuss issues relating to governance, money laundering obligations, compliance and risk management; themes which operators who wish to comply with regulatory obligations and safeguard their untarnished reputation and long term operations, must understand and implement.