Beyond compliance – the human cost of money laundering

Join Accountancy Europe and key actors across the AML ecosystem to explore the real-life impacts and human cost of financial crime, and discuss how cooperation across sectors can make a tangible difference.

The EU has recently overhauled its Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) framework, but compliance is only part of the story. What truly matters is understanding the real-world impact of non-compliance – the human suffering, the communities torn apart, and the crimes that robust AML rules are designed to prevent.

Money laundering is not a victimless crime. It enables criminal networks, including drug cartels and human traffickers, to realise and legitimise their illicit profits, and perpetuate harm.

Fighting this requires more than regulations. It takes an entire ecosystem of vigilance and cooperation – authorities, supervisors, civil society organisations and obliged entities together form an ecosystem to combat money laundering.

We will discuss:

• women trafficking and gender-based exploitation – revealing the human suffering behind illicit financial flows
• the financial scale of these crimes – showcasing how criminal profits are laundered and legitimised
• red and yellow flags – concrete indicators that authorities, supervisors, and obliged entities should recognise to detect potential criminal activity.

Who should attend:

• policymakers and regulators
• obliged entities
• law enforcement and supervisory authorities
• civil society organisations and NGOs
• professionals engaged in AML/CFT compliance.

Speakers

• Maria Luís Albuquerque, Commissioner, Financial Services and the Savings and Investments Union, European Commission
• Héma Sibi, Executive Director, CAP international
• Angela Foyle, Chair, AML Working Party, Accountancy Europe

More speakers to be confirmed. Programme coming soon.