(PRWEB) September 15, 2005
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.
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: Â This will be a landmark conference covering all aspects of money transfers with new opportunities for those in the money transfer operatorsÂ network and the retail banks.
ÂAs 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.Â
Global Money Transfers
Institute of Directors
Pall Mall, London
17th/18th October, 2005
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