MIAMI, Fla. (FNN NEWS) – The average person may not think that money laundering and international financial crimes affect them, but especially in Florida, that is not the case.
Crimes ranging from terrorism, arms dealings, human trafficking and government corruption are threats, along with drug dealing and illegal gambling. Public revenues are often the target and citizens get deprived of dollars that should go to public services.
Several task forces and conferences have been organized in Florida to try to make financial professionals and the public more aware of these problems. The latest conference was held last week at the Four Seasons Hotel in Miami. Compliance Aid held its fourth annual Anti-Money Laundering and Financial Crimes Conference to bring together professionals in the global marketplace who can tackle these issues. Featured speaker Attorney General Basil Williams of Guyana said that “it is important to stay on top of the latest technologies as well as use traditional methods to reduce these crimes.”
Everything from illegally mined gold that has come into Florida through Latin America, to the rise in popularity of cryptocurrencies has made the need for people trained in compliance essential. Bringing together professionals from all over the world to conferences such as this one are important since there are different laws in different countries making it easier for criminals to go undetected.