The Jamaica Bankers’ Association (JBA), in partnership with the Jamaica Institute of Financial Services (JIFS), will host the 13th Annual Anti-Money Laundering (AML)/Counter Financing of Terrorism (CFT) Hybrid Conference from October 14 to 15.

The theme of this year’s conference is “Building Resilience: AML Strategies for Today and Tomorrow.” This highly anticipated event will take place at the Jamaica Pegasus Hotel, bringing together local and international experts to discuss critical strategies in the ever-evolving fight against financial crimes.

The opening keynote address will be delivered by Finance Minister Dr Nigel Clarke, on the cusp of assuming his new role as the Deputy Managing Director of the International Monetary Fund.

The global financial landscape continues to face significant challenges posed by money laundering, terrorist financing, and other financial crimes. With increasing sophistication in illegal activities, the need for resilient and adaptive Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) strategies has never been more critical. 

Attendees will benefit from insights on the latest trends in anti-money laundering and counter-financing of terrorism as well as how to ensure their organizations comply with current regulatory standards. This event aims to raise awareness about the risks that money laundering and terrorist financing pose to the financial system, while also fostering high-level collaboration among institutions on compliance issues.

As countries around the world continue to strengthen their regulatory frameworks, Jamaica’s recent mutual evaluation process highlighted several key lessons that will inform preparations for the next round and this will be addressed by Maureen Simms, Jamaica’s Prime Contact to the Caribbean Financial Action Task Force (CFATF), Chair of the National Anti-Money Laundering Committee (NAMLC) & Principal Advisor, Bank of Jamaica.

The conference will provide compliance practitioners from financial institutions and designated non-financial institutions who are legally responsible for AML/CFT matters; attorneys at law; front-line staff, internal and external auditors from the local and regional financial sectors, regulators and policymakers with a unique platform to exchange ideas, discuss innovative solutions, and build stronger AML/CFT defences.