Financial Crime Experts Convene in Copenhagen: Latest Trends, Strategies, and Regulatory Compliance at the Nordic Financial Crime & Sanctions Forum 2024
September 17, 2024 | Clarion Hotel Copenhagen Airport, Denmark
Financial crime professionals from the Nordic and Baltic regions gathered last week for the Nordic Financial Crime & Sanctions Forum 2024. The one-day event, held at the Clarion Hotel Copenhagen Airport in Denmark, concentrated on the latest trends, challenges, and compliance strategies in the ever-evolving world of financial crime.
Key Insights and Discussions
The conference provided valuable insights on the following topics:
- Latest enforcement trends and evolving regulatory guidelines
- Sanctions enforcement in the Nordics
- Implementation of the new EU Anti-Money Laundering (AML) package
- Circumvention and evasion of financial sanctions
- Integration of artificial intelligence (AI) into financial crime strategies
Emerging Issue: Sanctions Evasion
Participants discussed the growing concern of circumvention and evasion of financial sanctions, stressing the importance of staying informed and adapting to the ever-changing financial crime landscape.
New EU AML Package: Implications and Establishment of AMLA
Attendees examined the implications of the new EU AML package, particularly the European Anti-Financial Crime Authority (AMLA) and its potential impact on their organizations.
Artificial Intelligence in Financial Crime Strategies
Industry experts shared their insights on using AI technologies for financial crime prevention, focusing on its alignment with risk appetites and regulatory requirements.
High-Profile Speakers and Networking Opportunities
The forum featured prominent industry professionals from various Nordic and Baltic countries. Participants had the opportunity to engage with thought leaders and learn from their expertise in AML and sanctions enforcement, evasion techniques, and AI’s role in financial crime prevention.
Networking opportunities enabled financial crime professionals to establish new relationships and fortify existing ones with like-minded individuals. The event attracted over 140 senior decision-makers from financial service firms, banks, and corporations, making it the largest gathering of financial crime heads in the region.
“The Nordic Financial Crime & Sanctions Forum 2024 was an excellent opportunity to connect with peers and industry experts,” said Rita Eriksson, Head of AML & KYC at Nordea Bank. “I learned about the latest trends and strategies while networking with professionals from various European jurisdictions.”
A Focus on Compliance and Regulatory Adherence
The event offered essential information on how to manage risk and maintain regulatory compliance in a complex and dynamic environment. Keynote speakers addressed compliant AI utilization and the alignment of AI with risk appetites and regulatory requirements.
“The Nordic Financial Crime & Sanctions Forum 2024 provided the perfect platform for us to engage with industry experts and stay informed on the latest regulatory developments,” said Jens Andersen, Chief Compliance Officer at Danske Bank. “It’s crucial for us to continuously adapt to evolving trends and ensure we’re at the forefront of financial crime prevention.”
Looking Ahead
As the financial crime landscape continues to evolve, the Nordic Financial Crime & Sanctions Forum 2024 provided valuable insights and strategies tailored to the Nordic and Baltic regions. Professionals left the event well-equipped to tackle the challenges ahead and maintain a proactive, informed approach to financial crime prevention.
For more information on future events and updates, sign up on the event website to stay informed.