Global Consumer Money Transfers Conference

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The first major international conference on global money transfers will take place in London at the Institute of Directors on 17th and 18th October, 2005 attended by financial institutions world wide.

The first major international conference on global money transfers will take place in London at the Institute of Directors on 17th and 18th October, 2005 attended by financial institutions world wide.

The theme of the conference is to explore new opportunities in the money transfer market which globally amounts to trillions of dollars a year. There is a continuing demand for more outlets and a service which is cost effective and efficient.

The conference will look at the challenges posed by money laundering, how to identify it, and how to arrest it.

From the point of view of retail banks and money transfer networks there will be new opportunities to develop their outlets with the minimum of outlay due to low start-up costs.

Speakers include:

    Mr. Alexei Kudrin, Russian Finance Minister

    Mr. Ivan Lewis, MP, Economic Secretary to the Treasury

    Mr. Dick Spring, former Irish Deputy Prime Minister and Foreign Minister, now head of Fexco, Eire

    Other contributors include:

    M. Jean-Michel Godeffroy, Director General European Central Bank

    Mr. Donald Terry, Inter-American Development Bank

    Mr. Qi Ge, General Manager, Bank of China, UK

    Among the money transfer networks speaking will be

    Mr. Hikmet Ersek, Western Union, Senior Vice President Europe Middle East, Africa and South Asia

    Mr. Gagik Zakarfyan, Chairman Unistream

    Mr. Richard Burrows, City Forex

    Mr. Henrik Parl, ceo EuroGiro

Speaking with regard to money laundering will be:

Mr. William J. Fox, Director, US Financial Crimes Enforcement Network, Department of the Treasury; HM Customs and Excise, Money Laundering Regulatory and Crime Enforcement Team.

The conference will be sponsored by Unistream, who run one of the leading money transfer networks in Russia and the CIS. Western Union is also a sponsor together with The Banker, published by the FT.

Says Mr. Gagik Zakaryan, chairman of Unistream: “ This will be a landmark conference covering all aspects of money transfers with new opportunities for those in the money transfer operators’ network and the retail banks.

“As we are acutely conscious of the importance of having a clean, honest and transparent system, we are looking closely at the dangers posed by money laundering; how this is achieved and how it can be identified and arrested. No country, no company is immune to the dangers of this pernicious activity.”

International Conference

Global Money Transfers

Institute of Directors

Pall Mall, London

17th/18th October, 2005

Chairman:

Rt Hon Lord Lamont of Lerwick

Chancellor of Exchequer 2000-2003

For further information contact:

Lady Olga Maitland, Conference director

+44 207 5311347, mob. +44 7778 917133

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George Piskov

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