Thursday, Oct 16, 2025 | 01:15 PM - 02:30 PM
Location: Meeting Halls A&B HQ1-3-430A&B
This event will be live streamed on this page. Refresh page at start of event to load video player.
OVERVIEW
Financial crime such as money laundering, corruption, tax evasion, and fraud, continue to pose a significant threat to IMF members’ financial sectors and the broader economy and can have negative macro-critical impacts. Recognizing the macro-criticality of these isues, the IMF has increasingly stepped-up efforts in this area over the years, including by integrating financial integrity and governance reforms in all its core functions and across several IMF policies, including 2018 Framework for Enhanced Fund Engagement on Governance, 2023 Review of the Fund's AML/CFT Strategy. This high-level, public event, organized jointly by LEG, MCM, FAD, and SEC, will provide an opportunity to: discuss the macroeconomic impact of financial crime, fraud, and corruption, exchange views on country responses to tackling financial crime and implementing broader governance reforms as structural pillars of growth and stability, communicate progress on implementing the IMF’s 2023 quinquennial AML/CFT Strategy and the recent G7 Call to Action on Financial Crime, and engage in dialogue on the evolving fraud threat landscape and policy priorities. Following the opening remarks by DMD Bo Li, the event will feature two panels: one focusing on the macroeconomic impact of financial crime, fraud, and the other on corruption, and country experiences in tackling financial crime and advancing AML/CFT and governance reforms.
Opening Remarks
Bo Li
Deputy Managing Director, IMF
Bo Li assumed the role of Deputy Managing Director at the IMF on August 23, 2021. He is responsible for the IMF’s work on about 90 countries as well as on a wide range of policy issues. Before joining the IMF, Mr. Li worked for many years at the People’s Bank of China, most recently as Deputy Governor. He earlier headed the Monetary Policy, Monetary Policy II, and Legal and Regulation Departments, where he played an important role in the reform of state-owned banks, the drafting of China’s anti-money-laundering law, the internationalization of the renminbi, and the establishment of China’s macroprudential policy framework.
Panel 1: The Macroeconomic and Financial Stability Implications of Financial Crime and Fraud
MODERATOR
Tobias Adrian
Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF
Tobias Adrian is the Financial Counsellor and Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF). In this capacity, he leads the IMF’s work on financial sector surveillance, monetary and macroprudential policies, digital money, financial regulation, bank resolution, and capital markets. He also oversees capacity building activities in IMF member countries with regard to the supervision and regulation of financial systems, bank resolution, central banking, monetary and exchange rate regimes, tokenized money and finance, and debt management.
Prior to joining the IMF, Adrian was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and Statistics Group. At the Federal Reserve, he contributed to monetary policy, to financial stability policies, and to crisis management.
Adrian has published extensively in economics and finance journals. His research spans macro-finance, monetary policy, and financial stability, with a focus on aggregate consequences of capital market developments. He has taught at Princeton University, New York University, and Seoul National University, and served on the editorial boards of the International Journal of Central Banking and the Annual Review of Financial Economics.
Adrian holds a Ph.D. from the Massachusetts Institute of Technology in Economics, an MSc from the London School of Economics in Econometrics and Mathematical Economics, a Diplom from Goethe University Frankfurt and a Maîtrise from Dauphine University Paris. He received his Abitur in Literature and Mathematics from Humboldtschule Bad Homburg.
SPEAKERS
Piti Disyatat
Deputy Governor of the Bank of Thailand
Ketakandriana Rafitoson
Vice Chair of Transparency International
Panel 2: Policy and Institutional Responses: Strengthening Governance, Combating Fraud, and Safeguarding Financial Integrity
MODERATOR
Yan Liu
General Counsel and Director of the Legal Department, IMF
Yan Liu is General Counsel and Director of the
Legal Department of the IMF. She advises the IMF’s Executive Board, management, staff, and country membership on all legal aspects of the Fund’s operations, including its lending, surveillance, capacity development, regulatory and advisory functions.
Over her career at the IMF, Ms. Liu has led the Legal Department’s work on a range of policy, country, and strategic issues. This includes reforming IMF policies on lending; helping strengthen central banking and financial sector legal frameworks in response to technological changes; leading work on corporate and household insolvency, and public debt management; and contributing to the development of international standards for financial regulation.
Ms. Liu received her Juris Doctor from the University of Illinois, and a master’s degree from the University of Chicago. Prior to joining the Fund, she practiced corporate and securities law in the United States.
SPEAKERS
Ayman Mohammed Alsayari
Governor, SAMA the Central Bank of the Kingdom of Saudi Arabia
Elisa de Anda Madrazo
President, Financial Action Task Force (FATF)
Mary-Elizabeth McMunn
Deputy Governor, Financial Regulation, Central Bank of Ireland
S. Ali Abbas
Deputy Director, Fiscal Affairs Department, IMF
