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El Salvador Takes Center Stage in Fight Against Cybercrime in Finance at International Forum 2023
In an effort to combat the growing threat of cybercrime in finance, El Salvador is hosting the second consecutive edition of the International Forum 2023: “Mastermind AML, Compliance, and Digital Assets”. This two-day event aims to educate professionals from various sectors on preventing money laundering and digital asset-related crimes.
Partnership and Expertise
The forum is organized by Yancor Coaching & Mentorship Center for Professional Training in partnership with FIBA (Florida International Business Association), a global Anti-Money Laundering certifier. Over 150 industry experts have been brought together for this event, representing various sectors including:
- Banking
- Finance
- Retail
- Commerce
- Construction
- Investment funds
- Insurance
- Legal expertise
- Auditing
- Academia
- Regulatory authorities (such as the Investigation Unit of the Attorney General’s Office in El Salvador)
The Importance of Education
According to Walter Morales, Director and Financial Risk Specialist at Yancor Coaching & Mentorship, the forum provides a significant opportunity for both users and regulators to explore and dispel doubts about various environments within this market. “We must equip professionals with the knowledge of what we are stepping into,” Morales emphasized.
El Salvador’s Digital Assets Law
The forum comes at a crucial time, as El Salvador has approved the Digital Assets Law, with over 100 digital asset providers operating in the country, all licensed by the Central Reserve Bank. However, there is an urgent need for education in this field, as the lack of awareness regarding activities involving cryptocurrencies poses a significant risk.
Comprehensive Insights and Best Practices
The forum will provide participants with comprehensive insights into the workings of this digital financial world, empowering them with global best practices to protect themselves from digital financial crimes. The ultimate goal is to educate professionals on what they need to know to stay ahead in this rapidly evolving field.
Networking Opportunities
The forum not only facilitates learning but also creates a network for professionals to share insights and experiences, further solidifying El Salvador’s position as a hub for cybersecurity and digital asset management expertise.