On November 26, 2021, the 7th Annual Scientific and Practical Conference “Threats and Risks Facing Financial Security in the Context of Digital Transformation” of the International Network AML/CFT Institute (INI) ended. The event was held with the organizational and technical assistance of the International Training and Methodology Сentre for Financial Monitoring (ITMCFM).
A total of 557 attendees from 15 countries (Belarus, Bulgaria, Venezuela, India, Kazakhstan, Kenya, China, Kyrgyzstan, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, Finland and South Africa) registered for participation in the plenary meeting and thematic sections. The conference was held at the INI’s member universities and research institutions: Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation, MEPhI National Research Nuclear University, International Training and Methodology Centre for Financial Monitoring, Peoples Friendship University of Russia, Rostov State University of Economics, Peter the Great St. Petersburg Polytechnic University, Siberian Federal University, Financial University under the Government of the Russian Federation and Lebedev Physical Institute.
The key topics of the forum included digitalization of the economy, AML/CFT research and educational platforms and services, social and economic nature of risks and threats facing global economy and response mechanisms, anti-money laundering trends, artificial intelligence: modern applications in AML/CFT context, AML/CFT regulatory technologies, financial fraud and increased risk posed by financial crime.
The main goal of the conference was to facilitate implementation of innovative initiatives for enhancement of the international AML/CFT system and improvement of compliance by the Russian Federation and its partner countries with the FATF standards. Modern anti-money laundering trends were comprehensively discussed within the framework of the plenary meeting, 15 thematic sections and roundtables. Besides that, the latest initiatives and new projects related to AML/CFT legal, economic and IT development were presented.