Doha, October 09 (QNA) - The State of Qatar is due to hold the effective economic crime compliance conference on Oct. 30 which will bring together a contingent of experts and professionals in combating economic crimes to share perspectives on the latest trends of these crimes, as well as discuss best practices that can be adopted by states and institutions in the fight against these crimes and elimination of their risks.

Organized by the Qatar Association of Certified Public Accountants (QCPA), the agenda of the event includes an array of topics, chief among which are the identification of economic crimes and their evolution in light of the cutting-edge technologies, economic transformations and their impact on the increase of diverse economic crimes, role of surveillance and oversight authorities in combating economic crimes, protecting impartiality and stability of financial sectors, role of effective compliance in combating economic crimes, significance of upgrading legislations in keeping up with the scientific and technological evolution, managing emerging risks in light of digital transformation, as well as international cooperation mechanisms utilized in combating economic crimes.

The conference is primarily targeting professionals and workers in economic and financial sectors such as banks and shareholding companies, including commitment staff, money laundering informers, workers in regulatory and law enforcement entities, accounting, and audit offices, as well as civil society organizations.

Chairman of QCPA, Dr. Hashim Al-Sayed, said the conference is part and parcel of QCPA's efforts devoted to promoting societal awareness on the menace of economic and financial crimes, along with the significance of concerted efforts to prevent these crimes, adding that the event intends to highlight the risks facing communities due to the commission of economic crimes and their impact on the stability of countries and economic systems.

He highlighted that the conference seeks explore best methods of augmenting the combating efficiency considering the cutting-edge financial innovations and technologies in quest of achieving equilibrium between development of innovations in economic, banking, and financial sectors, enhancing compliance with legislations and regulations, as well as ensuring protection of data from such crimes which are considered the most critical and perilous challenges facing the international community.

This is because of the persistent rise in criminal activities in the economic field, along with their episodes and interconnected mechanisms, as well as the depth of their adverse impacts on a variety of sectors with the surge in threats posed by these crimes at the national regional and international levels.

(QNA)