- Associated Press - Sunday, March 6, 2016

MIAMI (AP) - An annual conference on fighting money laundering that draws bankers, government regulators and lawyers from around the world begins in Miami.

The three-day gathering sponsored by the Florida International Bankers Association gets started Monday at a downtown hotel. Speakers include senior banking executives, U.S. Treasury Department officials and many others.

It comes as the U.S. is cracking down on money laundering using high-end Miami real estate and electronic devices such as cellphones that are bought with crime-related money and shipped overseas.

Sessions will be held on those topics as well as the impact of the new U.S.-Cuba relationship, relaxation of Iran sanctions, terrorist financing and how virtual currencies such as bitcoin are used to launder cash by drug cartels and other criminal groups.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide