The UNODC Global Programme against Money Laundering (GPML) is preparing to host its second Conference on Illicit Financial Flows related to Piracy off the Coast of Somalia in Djibouti from December 14 to 15, 2011. The first meeting, held in Nairobi, Kenya in May this year, was an initiative developed in response to priorities identified by the Contact Group on Piracy off the Coast of Somalia (CGPCS). The CGPCS has identified dismantling the financial flows ashore as a key to successfully solve the Somali piracy problem.The second conference will be led by the GPML of the UNODC in cooperation with the UNODC Regional Office in East Africa (ROEA) and the CGPCS. It aims at building on the outcomes and recommendations of the Nairobi conference and the continued work of the Contact Group, which has established Working Group 5 in the 9th Plenary Session to disrupt the illicit financial flows related to piracy. For the purpose, the event will bring together representatives from the Somali Hawala and telecoms industries, and law enforcement agencies from East Africa region and other countries afflicted, directly or indirectly, by piracy off the coast of Somalia. This conference thus seeks to improve cooperation between Somali alternative value or money transfer service providers and law enforcement agencies, and to help practitioners develop tools and approaches to counter the illicit flows related to piracy. Experts and practitioners in the fields of financial regulation and investigations, anti-money laundering and financial flows, and law enforcement will be invited from the relevant public and private sectors. Also, representatives from relevant regional and international organizations will be invited. These experts will share their experiences, challenges and good practices combating illicit flows related to piracy, and will work together to develop region-specific tools and countermeasures.
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