"Working globally with governments, organizations, and individuals, the International Consortium on Governmental Financial Management, Inc. is dedicated to improving financial management, so governments can better serve their citizens."

34th Annual International Training Conference

PFM Impact on Sectoral Service Delivery

June 7-12, 2020

Miami Marriott Biscayne Bay

Miami, Florida, USA

CALL FOR SPEAKERS

Proposals Deadline: March 30, 2020

English  |  Español  |  Français

Registration Fees:

Early Bird Rate (Pay in full by April 20, 2020):  1550 USD

Regular Rate (Pay in full by May 18, 2020):  1800 USD


DC Forum Luncheons

March 4, 2020 DC Forum Luncheon

COUNTERING ILLICIT FINANCE AND TRADE: U.S. Efforts to Combat Trade-Based Money Laundering

Michael E Clements

Our Speaker:

Michael E. Clements

Director, Financial Markets & Community Investment Team

US Government Accountability Office

Trade-based money laundering is one of the primary means that criminal organizations use to launder the proceeds of illicit activity and integrate them into the formal economy. According to the Department of the Treasury, TBML is one of the most challenging forms of money laundering to investigate because of the complexities of trade transactions and the large volume of international trade. U.S. law enforcement agencies believe there has been an increase in TBML activity attributable, in part, to U.S. financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.
 
GAO was asked to examine U.S. agencies' efforts to combat TBML and related schemes. This report describes, among other objectives, (1) TBML-related vulnerabilities in the U.S. financial and trade systems, and the types of criminal organizations that seek to exploit those vulnerabilities; and (2) U.S. agencies' use of available data to detect and combat TBML and related schemes.

A Three Course, Served Luncheon is included, Registration is required to attend:

Price:  Member - $35.00,  Non-Member - $37.50

Location:  Carnegie Endowment for International Peace

1779 Massachusetts Ave., NW

Washington, DC 20036

Time:  12:00 - 1:30pm

 


Save The Dates

Save the Date:

ICGFM 2020 Winter Training Conference

November 30 - December 2, 2020

The International Monetary Fund

1900 Pennsylvania Ave. NW, HQ2

Washington, DC 20431  USA

Upcoming DC Forum Luncheons:

Carnegie Endowment for International Peace, Washington, DC

March 4, 2020

April 1, 2020

Translate ICGFM