IBA INFORMATION FORUM LUNCHEON

GLOBAL ANTI-MONEY LAUNDERING "BEST PRACTICES" UPDATE

Guest Speaker:  Mr. Charles Grice, Managing Director, Kroll 

 (The discussion was conducted in English.)

The IBA was pleased to have a leading anti-money laundering expert speak at this Information Forum in March.

Mr. Grice addressed the following:

• Recent "dollar clearing" (wires in US dollars through the US) activities, detecting potential terror financing incidents, and US OFAC sanctions;

• Recent developments concerning several major firms that have been punished by the US for their non-US activities, including wires between China, Macau and North Korea;

• Continuing evolution of “leading practices” in AML programs of global financial institutions.

Mr. Grice is Managing Director of Kroll, based in New York. He oversees Kroll's advisory services regarding compliance and business strategy with a special emphasis on money laundering prevention, international compliance management and regulatory strategy. He began his career at the Federal Reserve Board in Washington, D.C. and has worked for the U.S. Senate. Mr. Grice has received degrees from Johns Hopkins University and Harvard University, where he completed a thesis on narco-terrorism and money laundering with the Dean of Harvard Law School.