VALOORES bridging the World’s Financial Regulators with the COVID-19-related Cybercrime & Money Laundering Risks.This Webinar outlines official responses to the increasing levels of Financial Crime during the Global Lockdown.
VALOORES highlights the Financial Crime during the current crisis, summarizes official approaches to strengthening Financial Institutions’ Cyber Resilience, and articulates the main AML measures taken by selected authorities worldwide.
VALOORES touches upon how the COVID-19 is reshaping the Cyber-Crime Economy. Cyber-criminal merchants are going ALL IN and seeking more Exposure, where New and Emerging Risk issues for Financial Crime linked to the COVID-19 pandemic are on the rise.
VALOORES will tap upon the International Regulators’ collective action and recommendations in Combatting Illicit Financial flows during the COVID-19 pandemic and beyond. A third of the world’s population is in coronavirus lockdown. The lockdown increases the scope for criminals to exploit vulnerabilities and commit financial crime. The increased online presence of virtually everyone has led to new, and in some cases more naïve, targets for online fraudsters. Work-from-home arrangements with remote access to corporate networks have significantly expanded the attack surface for cyber criminals. Money launderers can also take advantage of the increased need for financial institutions to identify and onboard their customers online. In normal times, cyber-attacks and AML violations expose financial institutions to significant operational and reputational risks. In exceptional circumstances like the current one, those risks could be further exacerbated.
Looking forward to have you among us.
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