El Salvador is once again hosting the International Forum 2023: «Mastermind AML, Compliance, and Digital Assets» for the second consecutive year. This forum aims to expand the knowledge of professionals in the financial and technological sectors when it comes to preventing money laundering and digital asset-related crimes.
Organized by the Yancor Coaching & Mentorship Center for Professional Training, in partnership with the global Anti-Money Laundering certifier, FIBA (Florida International Business Association), headquartered in Miami, Florida, the event spans two days, addressing critical issues in the field.
The gathering has brought together more than 150 professionals from various industries, including banking, finance, retail, commerce, construction, investment funds, insurance, legal experts, auditors, academics, and regulatory authorities such as the Investigation Unit of the Attorney General’s Office in the country.
According to Walter Morales, Director and Financial Risk Specialist at Yancor Coaching & Mentorship, the forum serves as «a significant opportunity for both users and regulators to explore and dispel doubts about various environments within this market.»
He emphasized that since the approval of the Digital Assets Law, there are approximately 100 digital asset providers in the country, all operating with licenses granted by the Central Reserve Bank, ensuring both security and legal backing. However, there is a pressing need for education in this field.
«One of the greatest risks we can now see is the lack of awareness regarding activities involving cryptocurrencies, for instance. Being a country with existing Digital Assets legislation, we must equip professionals with the knowledge of what we are stepping into. In this regard, the forum will provide participants with comprehensive insights into the workings of this digital financial world,» he noted.
Morales’s ultimate goal is to empower participants with the knowledge of global best practices to protect themselves from digital financial crimes. The forum not only facilitates learning but also creates a network for professionals to share insights and experiences, further bolstering El Salvador’s position as a hub for cybersecurity and digital asset management expertise.