2nd India- International Conference - Money Laundering and Collective Response

With India commemorating 20 years of enactment of the Prevention of Money Laundering Act (PMLA), 2002, the impact of newer trends in money laundering and white-collar crimes on economic stability cannot be undermined.

Various modus operandi has unfolded over the years and newer ones are evolving. There are conventional tactics of money laundering to operate within the border or cross border schemes which are intended to take the concealment-based advantage outside the economic law and regulatory system of the sovereign governments. It is seen in various recent events, the criminals outwit law enforcement by deploying a team of IT, Cyber experts with specific domain knowledge to disguise illicit money and demonstrate it as legitimate income.

The placement and layering of ill-gotten money in the digital environment have posed a distinctly severe threat. This calls upon stakeholders including- individuals, and corporate citizens, legal, financial, and tax fraternity, business promoters, fin-tech experts to indulge in the educative discourse around this contemporary subject of high economic significance. With a review and revisit of the efficacy of the Prevention of Money Laundering Act, 2002, amendments made thereto; vis-à-vis evolving trends of- how economic criminals are integrating in the current times, the conference intends to pave way for making strategies, deliberate on scope for amendment of the laws further, and co-develop an ecosystem to counter future financial crimes.

Additionally, the conference aims to revisit the allied or sectoral regulatory frameworks governing multiple compliances and is expected to bring forth the challenges faced by stakeholders. Moreover, AI and technology solutions are transforming the lives of individuals and the exposure to innovations is proving to be an integral part of an ideal collective response. The conference provides the participants an opportunity to address the challenges for future prevention, detection, and investigation of cases towards good governance and learn from the luminaries.

Towards deliberating on newer approaches of global stakeholders including the financial institutions, government, regulators, legal professionals enforcement agencies, parties in trade and business, reg-tech, legal-tech, risk management professionals and audit experts, ASSOCHAM’s  National Council for Legal Affairs and Regulatory Reforms along with National Council for Internal Audit and Risk Management is organizing the International Conference on “Money Laundering and Collective Response” on Saturday, 12th November 2022 in New Delhi.

We take this opportunity to cordially invite your esteemed organisation to join us for the virtual conference and request you join as Partner and/or nominate participants from your organisation.

For partnership and speaker opportunity please feel free to connect.

Looking forward to soliciting your benign participation in the conference.