Prevention of money laundering, terrorist financing, and the proliferation of weapons of mass destruction was the central theme at this year’s Congreso Hemisférico in Panama. It is one of the leading compliance events in the Americas, and Global Ledger’s team joined regulators, financial institutions, and investigators to discuss today’s challenges in AML/CFT.
Global Ledger’s Head of Regulatory Affairs, Yulia Murat, contributed to a panel on “Compliance Programs in Cooperatives, Banks, Securities Firms, and Payment Gateways: What Justifies the Differences in Application?” She highlighted the importance of proportionality, sectoral risk assessments, and effective governance for fighting crimes.
Another hot topic was sanctions. In Panama, sanctions apply automatically due to US dollar exposure and extraterritorial application of restrictions. Additionally, OFAC is increasing its focus on technology used by banks, which also includes requests for descriptions of risk management systems.
While sanctions remain critical, participants also raised concerns over tariffs as a current challenge for regional economies.
Head of Sales, Paul Densley, spoke on “Following the Trail of Human Trafficking, Terrorist Financing, and Other Financial Crimes in the Crypto Environment.” He shared insights on crypto usage in human trafficking, types of crimes and evidence, and shared a detailed case analysis.
To conclude
At Global Ledger, we believe that fighting financial crime requires technical precision and regulatory alignment. Our solutions deliver speed and accuracy in tracing illicit flows, and our experts provide the guidance companies need to stay compliant.