IFMA : Real Economy & Organised Crime : From Infiltration to Occupation

Speaker: Claudio Foglini, Senior Consultant, Scalaris Economic Crime Intelligence AG

Companies and their controlling bodies have both the legal and moral obligation to monitor the use of their resources, a task that increases in complexity as criminal groups get ever more sophisticated in their efforts to extract a company’s wealth.
National legislation is often inadequate in the fight against global phenomena like money-laundering and corruption. Even when adequate, it is often only loosely enforced. A somewhat lax attitude  towards enforcement has helped make London, New York and Switzerland the biggest safe havens for economic crime syndicates.
Criminals anticipated long ago that a weakly supervised financial sector can be easily infiltrated: why should a Mexican drug dealer bring dirty money to Geneva in a suitcase when he can comfortably use electronic money transfer systems of the banks he owns? He could even sell his valuable laundering competencies to his competitors, as criminal infiltration is an economic activity in its own right.
As for industrial espionage, what is the point of stealing competitors’ secrets if I can buy the competitor ?

Conditions of participation

Registrations and pre-payment required by Tuesday, 6 October 2015
Email to signup@ifma-net.ch or call 079-261-6534

Public price: CHF 120
IFMA paid up member price: CHF 90
Spaces are limited and are on a ‘first come, first served’ basis.
Cancellation policy: Cancellations after 6 October 2015 will be billed, unless a replacement is sent

IFMA - International Financial Management Association