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Anti-Money Laundering and Counter-Terrorism Financing Conference 2009: Managing Risk: Australian and International Perspectives

Hilton Hotel, Sydney NSW
01 April 2009 - 02 April 2009

The Anti-money Laundering and Counter-terrorism Financing: Australian and International Perspectives conference was co-hosted by the Australian Attorney-General's Department, the Australian Transaction Reports and Analysis Centre, the Australian Institute of Criminology and the Australian Bankers' Association.

The flagship AML/CTF event in Australia and throughout the Asia-Pacific region attracted delegates from the broad range of industries covered by AML/CTF legislation in Australia and overseas, including decision-makers from banking and finance, gambling, industry bodies and government. It included papers, panel discussions and concurrent sessions provided by a range of distinguished international speakers from both the private and public sectors.

The conference sought to establish a government-led forum which would inform and guide attendees on the current thinking and best practices in implementing AML/CTF legislation, provide an insight into current international standards and objectives, provide useful knowledge to motivate better compliance from reporting entities, and provide resources on current AML/CTF research.

In opening the conference, Federal Attorney-General Robert McClelland noted the level of funds available for laundering each year which the International Monetary Fund has estimated to be between two and five percent of global GDP. These funds are the proceeds of serious crimes including illicit drug manufacturing and trafficking, arms and people smuggling, corruption, fraud, extortion, kidnapping and theft. It is estimated that $4.5 billion is laundered in Australia each year.

Mr McClelland also noted that due to the global financial crisis, the government had decided to postpone the extension of the current AML/CTF regulatory regime to the professional sectors of lawyers, accountants and others. The AIC is currently examining the risk of laundering as it affects these sectors.

Conference Photographs

Presentations

Day 1, Session 1

Day 1, Session 2

Day 1, Session 3

Day 1, Session 4 - Panel session

Day 1, Session 5

Day 2, Session 1

Day 2, Session 2

Day 2, Session 3

Day 2, Session 4