The Financial Action Task Force Recommendations: Relevance and Application Within Public and Private Sector Contexts
The Financial Action Task Force (FATF) is an independent inter-governmental body recognized by the G-20, the UN, the World Bank, and International Monetary Fund as the international standard-setting body for anti-money laundering (AML) and counter-terrorist financing (CFT) safeguards. The FATF and a global network of FATF-style regional bodies conduct periodic peer reviews to ensure adequate global implementation of the FATF Recommendations. Recently, the FATF has completed a revision of its 40 recommendations. Mr Kobor will discuss these recommendations as well as how AML/CFT safeguards can be compatible with financial inclusion initiatives.
Register for the webinar on the Microlinks website.
Please note that times indicated are for Eastern Standard Time.
Emery Kobor is the assistant director for strategic policy in the Office of Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury. Kobor and his staff work with the public and private sectors globally to identify and address the weaknesses in the financial system that create opportunities for criminals. He has led a number of U.S. and multinational project teams, including the U.S. government working group that produced the first U.S. Money Laundering Threat Assessment. Prior to joining the Department of the Treasury, Kobor worked as a consultant advising corporate treasurers on payment and risk management strategies and was a senior research analyst for the Federal Reserve Bank of Chicago’s Payments Studies Group. Kobor has an MBA in finance from George Washington University and received his undergraduate degree from Vanderbilt University.
Maria Stephens is a Senior Technical Adviser with the U.S. Agency for International Development and subject matter expert in emerging payment systems risk and regulatory issues with over 18 years’ experience in microfinance and financial economics. While a Financial Economist at the U.S. Treasury Department, Ms. Stephens was selected to participate in the development of policy and regulatory position papers focusing on derivatives and other related financial products and services. From 2007-2009, Ms. Stephens provided long-term technical support to the Central Bank of China and GTZ to establish the People’s Republic of China’s first private-sector microcredit company. She is a primary author of the USAID-Booz Allen Hamilton Mobile Financial Services Matrix and related mobile financial services risk mitigation tools and documents, and continues to lead in the development of USAID’s emerging payment systems policy and regulatory agenda. Ms. Stephens holds a B.A. (Hons) in Greek, Latin, and Old Irish from the University of Massachusetts at Amherst and a M.A. in International Economics, American Foreign Policy and Mandarin Chinese from Johns Hopkins University’s Paul Nitze School of Advanced International Studies.