The Asian Institute of Chartered Bankers (AICB) and its Compliance Officers' Networking Group organised a special two-day International Conference on Financial Crime and Terrorism Financing (IFCTF) Masterclass 2024 on 19 – 20 August 2024 @ Shangri-La Kuala Lumpur to provide Malaysian bankers with an immersive learning experience focused on critical areas of financial crime. Themed “Combatting Financial Crime and AML / CTF / CPF: A Technical Deep Dive”, the Masterclass aimed to foster a collaborative environment that promotes deeper understanding and stimulates innovative thinking through a series of sessions led by over 40 distinguished global and regional subject matter experts from the following organisations:

The IFCTF Masterclass 2024 featured an intensive exploration of the financial crime landscape through in-depth, hands-on sessions that delved into critical areas, including the Financial Action Task Force (FATF) recommendations, proliferation financing, terrorism financing, national and sectoral risk assessments, beneficial ownership, anti-bribery and corruption, transnational organised crime, fraud, regulatory compliance, and inter-agency cooperation.

Bank Negara Malaysia Deputy Governor Dato’ Marzunisham Omar delivered the opening remarks at the event, which drew over 700 delegates from local and international financial institutions comprising senior compliance officers, risk management professionals, regulators, and government and law enforcement officials, who participated in the dynamic exchange of keen insights, innovative strategies and practical solutions to address the increasingly complex issues of financial crime and AML / CFT / CPF and fortify banks’ defences against growing threats.

As one of the region's most influential thought leadership platforms centred on combatting financial crime and terrorism financing for over 13 years, IFCTF continues to play a vital role in elevating industry standards and fostering collaboration between banking professionals globally, empowering them with new knowledge on effective strategies and best practices in the fight against financial crime. Click here to view the agenda.

The IFCTF Masterclass 2024 sponsors are as follows: