The Financial Crime Forum: Online - Philippines - 18th February, 2025 14:00 - 16:00 Free access at https://meet.google.com/dmr-keyd-xme

THIS FORUM IS NOW AVAILABLE AT FINCRIMETV: https://youtu.be/TRtg3wa1nAA
The Philippines has a long history but in the past 400 years or so it's been turbulent. Occupation by The Spanish left some magnificent buildings and a language, Tagalog, which is a combination of an old tongue, Spanish and Malay; being over-run by the Japanese left vast damage and, according to legend, vast hidden treasure plundered from across South East Asia followed by near-annexation by the USA and its abrupt departure left a country with social and economic uncertainty baked in and a half-baked legal system with much American influence.
The result is one of the most resilient peoples on earth.
Filipinos, reportedly, make up a huge proportion of the world's maritime crews and Filipinas are in demand worldwide as healthcare workers, domestic helpers, in F&B, offices and call centres. The common feature of all of them is that they send money home. As a result the legal remittance business for The Philippines is huge. But it hides some dark money, too and the remittances industry has had some significant challenges in the recent past. The scale of international money flows hid early signs of trouble at Wirecard where it was known in South East Asia that massive amounts of money were being moved from Singapore to The Philippines in the months before the scandal became public knowledge.
In the mid 1990s, sex tourism in the Philippines took an especially awful turn with the violent, injurious and often deadly child sexual abuse. But as technology has developed and both internet and 5G communications, as well as mobile satellite internet, have become widely available, the systematic and equally abhorrent abuse of children and babies has mutated to the point where it is often a family business. Jailing parents who are at least complicit and at worst the organisers is barely denting the problem because babies are an infinitely renewable resource. Efforts to deter customers and prevent the money flow are made, in the Philippines and overseas but what was a problem in Manila's streets and dodgy hotels has gone nationwide; add in easy international money transfers and a concentrated industry is now fragmented across more than 7,500 islands and a large archipelago covering a total area of some 300,000 square kilometres, most of which is rural and much of which is isolated.
In October 2024, the Bureau of Internal Revenue announced a campaign to combat tobacco smuggling but with a coastline that is essentially impossible to police, efforts must be focussed on the distribution of illegally imported goods of which tobacco is only one. There is a drugs problem, too, and the country has been gaining importance as a source country for methamphetamines.
It is impossible to consider The Philippines without having regard to, in particular, the terrorism in the South. In October, 2024 a long-time foreign resident, married to a local, was kidnapped. His body was found several weeks later. The authorities regularly conduct paramilitary action - and occasionally all-out military action - against premises and areas known or suspected to be used by terrorists. There are well documented links with Da'esh/ISIS and Indonesian and Malaysian terrorist groups. But the terrorists are intermingled with the general population in, in particular, Mindanao.
With international and domestic political upheaval, The Philippines is striving for political and economic stability. But poverty is a serious problem causing many hard-working people to live hand to mouth and often in short term, expensive, debt. The failure of the government, seemingly with the backing of the Catholic Church, to make men who desert families pay is at odds with good governance. Many men leave one family and start another but, because divorce is not permitted (annulment is a work-around but it's expensive and complex) wives are left to care for children without support while mistresses, with illegitimate children, cannot get the security of marriage because the man will not co-operate in an annulment suit. What is worse is that many of the wives became pregnant in their teenage years with all the financial and social consequences that brings. It is this that is the primary driver of the Filipina overseas workers market where many are exposed to exploitation and abuse by unscrupulous employers and agents and even to being trafficked while their children are funded from that work but looked after by the wife's mother (who, in many cases, has herself been through the cycle).
Yet, through it all, the people are lovely, enjoy what they can, work hard when they can find work and try to put their children through training courses for IT, nursing, maritime, agriculture. Many take up jobs with outsourcing companies. It's far from all bad news.

Welcome to The Financial Crime Forum
We've been presenting global Fora live and online since 1999. Our Online format changed for 2024 and is proving very popular.
The new format is multi-topic within a single jurisdiction. We continue with our policy of mixing officials, academics and practitioners to create an absorbing and enlightening couple of hours. Our speakers make their presentations and after the final presentation, the questions that have been submitted through the platform during the event will be put to the speakers in a discussion session, providing a world-wide Forum.
Of course, anyone is welcome, both in the chosen jurisdiction and elsewhere, as topics are chosen to be relevant to those who deal with banks, businesses and, of course, regulators and government there.
Access to the Forum is free (see below) but there is a small charge for an attendance certificate for CPD purposes (where recognised).
We look forward to welcoming you to this and many future Fora.

This Forum is fully remote.
https://meet.google.com/dmr-keyd-xme
18th February, 2025 - 14:00 Manila time

18th February, 2025 - 14:00 Manila time
13:45 Platform opens for login
14:00 Welcome and introduction
Presentations
14:05
Neal Ysart
The Coalition of Cyber Investigators
The specific challenges of financial crime investigations in the Philippines and the benefits and risks of open source intelligence
14:30
Dr. Aneish Kumar
The dangers of the rapid adoption of new technology in developing countries.
14:55
NIgel Morris-Cotterill
An overview of how advances in communications technology has changed the nature of child sexual abuse.
The Forum
15:20 Speakers respond to questions submitted during the Presentations
15:45 Wrap up and thanks.
16:00 Platform closes.
*program subject to change

Neal Ysart
The Coalition of Cyber Investigators
Neal is the Founder of MacNeal-LCB & Partners Inc., an investigations and strategic risk advisory firm based in the Philippines and Co-founder of The Coalition of Cyber Investigators, an OSINT, investigations and forensics thinktank.
With 40+ years of investigative experience, including 16 at Scotland Yard, he's responsible for a number of stated cases and legal precedents in what was then the new field of Internet investigations.
He has led Deloitte’s forensic practice in the Philippines and EY's forensic technology practice in Dubai.
Neal specialises in helping companies manage issues that require independent and confidential investigation, particularly in areas of financial crime e.g. AML, bribery, fraud, cybercrime and corporate malpractice.
Contact: https://www.linkedin.com/in/cybercrimeinvestigations/
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Access to the Forum is free: join our mailing list at https://www.financialcrimeriskandcompliance.com/info/?p=subscribe&id=1 : tickets are issued the day before each Forum.
There is a small (GBP10.00) charge for an attendance certificate for CPD purposes (where recognised).
Advance purchases only via Stripe. https://book.stripe.com/4gwaGu3RVe534ggcOB

| Founders Financial Crime Risk and Compliance Officers Law enforcement Legislators, policy makers and regulators C-Suite officers in commerce, trade and industry Risk managers Insurance underwriters |
Venture Capitalists/Investment funds Computer scientists Data analysts On-line marketing practitioners Customer engagement specialists |

Attending The Financial Crime Forum lets you earn Portable CPD* credits which, where recognised, may be used for your CPD for professional or certification bodies.
Note: even when Portable CPD* is not formally recognised, it may be accepted under the general "reading" or "attending lectures" classes that many professional bodies provide.
For example, see ACAMS: https://www.acams.org/sites/default/files/2022-05/Non-ACAMS%20Credits.%…
We will provide the required certificate of attendance provided they are pre-booked and that you log into the Forum using the same address as your purchase via Stripe.. FYI, our recording platform records when people arrive and depart for audit purposes and it is that data which is used in your certificate.
This event provides two hours' credits.
*Portable CPD is a trademark of Vortex Centrum Limited.
