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Forum on money laundering and financial crimes to be held in Costa Rica

Forum on money laundering and financial crimes to be held in Costa Rica
Photo: News in America

February 7th |

Costa Rica will host the World Compliance Forum in early March, which will address the most innovative tools against financial crime, organizers announced today.

The event, organized by the Foundation for the Study of Money Laundering (Felade), in alliance with the University for Peace, will be held on March 2 and 3, in person at the Costa Rica Marriott Hotel, but will also have a virtual space.

Felade and the University for Peace announced that 350 compliance officers and specialists from Latin America have already confirmed their attendance, while they added that the broad agenda of conferences and panels will be in charge of more than 20 outstanding specialists from Mexico, Peru, Colombia, Panama, Chile and Costa Rica.

According to the organizers, the Forum, whose theme will be The Age of Digital Compliance, is a unique window on the latest legislative developments and the most innovative tools to protect entities from money laundering, fraud and financial crime.

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They also said that participants will address topics such as metaverse, cryptoassets, artificial intelligence for fraud prediction and detection and digital threats and vulnerabilities.

The president of Felade, José Quesada, said that the entry into the digital world has placed us in front of new threats and therefore, he said, it is very important that we begin to visualize the real risks that exist at the level of new digital platforms.

Beyond the clear knowledge we have of crimes on the physical level, we need to better understand where crimes are migrating to in the virtual part and that is why this Forum is focused on current issues such as cryptocurrencies and will analyze successful cases in the financial industry and the prevention of money laundering, Quesada said.

For his part, the rector of the University for Peace, Francisco Rojas, said that organized crime and its activities, such as money laundering, are the greatest threats to democracy in Latin America.

For this reason, the event represents an opportunity to debate these issues with experts and offer new perspectives on the fight against organized crime for professionals and decision makers in the region. The organizers said that among the most relevant conferences of the Forum are The use of artificial intelligence for fraud prediction and detection, Web3 and the metaverse and Cryptocurrencies and their tax treatment.

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In addition, they added, there will be panels on illicit financial flows, tax transparency, the outlook for the legality of cryptoassets, and regulatory prospects for 2023.

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