Title: "#NEW Policies, Processes, Procedures, Technologies": Estonian Financial Sector’s Annual AML Conference
The Estonian financial sector is preparing for its annual Anti-Money Laundering (AML) conference, organized by Finesto Advisors and the Estonian Banking Association. This event, titled "#NEW Policies I Processes I Procedures I Technologies", will take place both in-person at the Swissotel Tallinn Ballroom and virtually on May 26, 2021.
Background:
This year’s conference comes amid increasing challenges for Estonia’s AML efforts, with a regional focus on new AML policies, processes, procedures, and technologies. In light of Estonia’s AML/CFT National Risk Assessment (NRA) for 2021, the conference will feature expert panel discussions on modernizing and reforming Estonian AML systems. Topics include:
- Last tasks before Estonia’s assessment by Moneyval
- Engaging with the five heads of the Financial Intelligence Unit (FIU)
History and Impact:
The Estonian banking and financial sector has faced penalties for deficiencies in their AML systems and processes in recent years. These issues extend beyond individual banks and risky schemes, stressing the importance of updated policies, management, and procedural reforms. In response, the sector has restructured internal AML regulations and sectoral structures, aiming to effectively prevent and combat potential AML/KYC violations. Innovative KYC/CDD solutions, AML systems, and FinCrime prevention and detection technologies are being pursued.
The 2019 Estonian AML conference, “The New Era of AML”, brought together 350 delegates onsite and thousands more online, attracting stakeholders from Nordic-Baltic and other EU countries. Although the 2020 conference was canceled due to the Covid-19 pandemic, the 2021 event is expected to reunite key players in Nordic and Estonian/Baltic finance, regulatory bodies, and AML technology providers for a comprehensive AML overview and in-depth expertise.
Target Audience:
The annual conference offers a platform for executives, senior and division managers, experts, regulators, and other market players. This includes financial institutions, leasing and insurance companies, FinTech and RegTech, IS/ICT, cybersecurity, and new AML technology providers. Both in-person and virtual attendance options are available.
Conference Agenda and Registration:
Confirmed program highlights include:
- Welcome speech by Allan Parik, Chairman of the Board of SEB Bank Estonia
- Keynote presentation by Jens Henriksson, President and CEO of Swedbank AB, on new policies and strategy for AML in Estonia and the Baltic region
- Presentation of Estonian AML/CFT National Risk Assessment (NRA)
- Panel discussion on the region’s threats and best practices, led by Toomas Vapper, Coordinating Ministry of Finance
- Lessons learned from various eras in Estonian AML history
- Discussion about the digital Euro, its advantages and risks, and ongoing tasks in Moneyval’s evaluation of Estonia
- Sponsor presentations showcasing the latest innovative technologies and strategies for fighting AML and FinCrime
Registration Information and Program Updates can be found on the conference website at<.https://www.amlconference.ee/.
Sponsorship Opportunities:
For sponsorship opportunities, please visit amlconference.ee/#sponsors>.https://www.amlconference.ee/#sponsors