Financial Crime and the European Precious Metals and Stones Industry
Moderator: Samantha Sheen | Speakers: Dr Frédéric Massé, Jean Claude Michelou and Trisevgeni Stavropoulos
About this talk
Due to characteristics including high value, portable, virtually untraceable and odourless commodities, precious metals and stones are often exposed to elevated levels of money laundering risks. Money launderers and terrorist financers are drawn to precious metals and stones—especially diamonds since they are often highly valuable relative to their weight and also have a relatively stable price. During this informative webinar, our experts will explore initiatives undertaken by an organisation involved with one of the largest diamond dealer communities in Europe to raise awareness and bolster measures that can be taken to prevent the misuse of these products.
•Raising awareness about how precious metals and stones are used to launder proceeds of crime
•Analysing current typologies involving the use of precious metals and stones to move proceeds of crime and conceal its detection
•Understanding measures that European diamond dealers are taking to comply with AML regulatory requirements