CABEI holds workshop on Risk Management of Money Laundering and Terrorist Financing
The activity promoted an interchange of information and will be replicated in the rest of the region’s countries.
San Salvador, June 23, 2016.- On June 23 and 24, the Central American Bank for Economic Integration (CABEI), together with the Salvadoran Banking Association (ABANSA), held a “Workshop on Risk Management of Money Laundering and Terrorist Financing (ML-TF)” with the participation of Mr. Ricardo Vélez as keynote speaker.
The workshop was directed at compliance officers at financial entities, risk managers, members of financial analysis units, officials from Financial System Superintendencies, the Attorney General’s Office and public prosecutors, among other professionals involved in the prevention, management and suppression of ML-TF in El Salvador.
The participants received orientation on the implementation of a Risk Management model and the necessary tools for identifying, evaluating and controlling ML-TF risks, establishing efficient preventative measures and allocating the available resources to mitigate this kind of risk at financial entities.
The workshop is part of a CABEI-promoted initiative to strengthen knowledge about the financial system, especially with regard to compliance, pursuant to the latest international trends and best practices to foster a risk-based management process by using risk matrices as an effective tool to prevent ML-TF.
