2007 Los Angeles High Intensity Financial Crime Areas Conference Focuses On Anti-Money Laundering and Suspicious Activity Reporting.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- The Center for Financial Executive Education and the West Coast Anti-Money Laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities. Forum announced today the 8th Annual L.A. HIFCA HIFCA High Intensity Financial Crimes Area HIFCA High-Risk Money-Laundering and Related Financial Crimes Area AML/SAR Conference, to be held at the Marriott Hotel in Norwalk, California on October 17 and 18, 2007. The conference, supported by Los Angeles High Intensity Financial Crimes Area ("HIFCA") member law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). , is a collaborative effort between federal law enforcement agencies, local financial institutions and financial services-related nonprofit organizations. The two-day conference, targeted at financial institutions and local, state and federal law enforcement officers, will include expert speakers on topics related to anti-money laundering, anti-terrorist financing and suspicious activity reporting A Suspicious Activity Report (or SAR) is a report regarding suspicious or potentially suspicious activity, filed with the Financial Crimes Enforcement Network (FinCEN), an agency of the United States Department of the Treasury. . A separate half-day conference will be held on October 18, 2007, specifically for money services businesses. "Law enforcement's leadership role in this event has resulted in making this annual conference unique and extremely popular. This conference provides financial institutions' anti-money laundering personnel with one-on-one access to the local, state and federal law enforcement officers that work with suspicious activity reports on a day-to-day basis. The conference also provides current critical information from the federal agencies that regulate the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and money services industries as well as case studies and best practices," said TomatoBank, N.A. Executive Vice President and Conference Committee Member Jesse Torres. "I applaud the law enforcement agencies involved in this event. To often bankers believe that the onerous monitoring procedures and resulting reports go unnoticed by law enforcement. The intent of our conference is to demonstrate to the financial services industry the positive impact that monitoring and reporting have on defeating money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. and terrorist financing  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. ." The price of the Financial Institutions/Law Enforcement Conference (October 17/18) is $185.00 per person. Law enforcement officer registration is $100 per person. Registration information is available at www.wcamlforum.org/lahifca2007. The price of the Money Services Business Conference (October 18) is $65 per person. Registration information is available at www.wcamlforum.org/lamsb2007.
Who: Anti-Money Laundering Professionals and Law Enforcement
What: 8th Annual L.A. HIFCA AML/SAR Conference
Where: Norwalk Marriott, 13111 Sycamore Drive,
Norwalk, California 90650 USA
When: October 17 and 18, 2007 for Financial Institutions/
Law Enforcement
October 18, 2007 for Money Services Business
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