Released on: July 10, 2008, 3:43 am

Press Release Author: From The Financial Crime Forum and The Chief Officers\' Network

Industry: Financial

Press Release Summary: Failure to comply with sanctions can kill businesses, and
saying \"I didn\'t know\" is no defence. Sanctions in Action, an international Forum to
be held in Kuala Lumpur from 30 - 31 October 2008 will help you protect your
business.

Press Release Body: The Financial Crime Forum in conjunction with The Chief
Officers\' Network announce the holding of \"Sanctions in Action,\" an international
Forum / Seminar for businesses in all sectors of trade and financial services. The
Forum will be held in Kuala Lumpur on 30 -
31 October 2008.

Sanctions affect all businesses, but very few know it.

Any business trading with a party who is subject to sanctions can be prosecuted,
either in its own country or abroad and even find that its assets including cash in
its bank can be frozen by a peremptory process by its own or a foreign government.

Sanctions are politically motivated and used as an instrument of foreign policy or
trade related, largely for protectionist reasons.

Sanctions are created by supra-national bodies such as the United Nations and the
European Union or by national governments - including your own.

If a person breaches sanctions applicable to him, he faces jail and / or a fine. If
a company breaches sanctions, it faces large fines and prosecution for its officers.

Sanctions can include travel restrictions on members of governments and those
connected with them, blocks on dealing with entities with close links to governments
and even restrictions on the nature or or volume of trade that residents of one
country are permitted to do with another.

And if you bust sanctions, it is highly likely that your bankers are under a duty to
report you to authorities - often not even in your own country.

In short, the question of sanctions is mission-critical for businesses of all types.

Sanctions in Action will provide businesses from all over the world with the
opportunity to hear from representatives of sanctions-making bodies such as The US
State Department and the European Union, from some of those affected by sanctions
such as Iran and from businesses for which compliance with sanctions law is part of
their normal business activity such as international banks.

Experts will be on hand to answer your specific sanctions questions in short
pre-arranged meetings.


Notes for editors:

Websites:
www.financialcrimeforum.com
www.chiefofficers.net


Telephone: +6 03 2078 9152
Fax: +6 03 2078 9151

The Financial Crime Forum and The Chief Officers\' Network are establishments of The
Anti Money Laundering Network (www.antimoneylaundering.net) which is an
international group of companies.

The Group\'s global response centre is in Kuala Lumpur.

e-mail contact via the Group website at www.antimoneylaundering.net

Web Site: http://

Contact Details: Level 26 Menara IMC,
8 Jalan Sultan Ismail,
50250, Kuala Lumpur,
Malaysia
Telephone: +6 03 2078 9152
Fax: +6 03 2078 9151