The Securities and Exchange Commission announced today that it has completed a major anti-money laundering program held in Santo Domingo, Dominican Republic. The program was hosted by the Superintendencia de Valores de la Dominican Republic, and co-sponsored by the SEC and the U.S. Agency for International Development.
The three-day program from Dec. 3 to Dec. 5, 2007, was designed to share best practices and form partnerships among regulatory and law enforcement officials, as well as compliance officers and other industry professionals. The program was attended by 150 participants from 18 Latin American and Caribbean countries.
The program featured intensive training on effective AML compliance programs, customer identification, monitoring for suspicious activity, examining securities market participants for AML compliance, best practices for coordination between regulators and law enforcement authorities, tracing and restraining proceeds of fraud, and appropriate penalties for AML violations. The Conference sessions were led by three SEC staff with expertise in AML related topics, a director of Merrill Lynch’s Global Monetary and Financial Control Group, and public and private sector experts from the Dominican Republic, Colombia, and other participating jurisdictions.
See full Press Release.
Posts
