Fraud and Financial Crime Europe agenda
Day One | September 20
8:00-8:50
Registration and breakfast
8:50-9:00
Chairs opening remarks
Day one morning moderator: Zandi J. Marinzel, Counsel, Davis Wright Tremaine LLP
9:00-9:45
SANCTIONS – PANEL DISCUSSION
Reviewing the sanctions landscape and keeping up with continued and upcoming change
- Managing unprecedented sanctions activity
- Limited talent pool with sudden rise in demand
- Driving efficiency and upskilling teams
- Interaction with financial crime controls in place
- Understanding and implementing sanctions
- Data collection requirements for regulators across jurisdictions
- Provision of services changes
- Managing regulatory divergence post Brexit between UK and EU sanctions
Arjun Ahluwalia,Global Head of Sanctions SCIB, Santander Corporate & Investment Banking
Louise Marshall, Head of Strategy and Capability, OFSI
Adam Oyebanji, Managing Director, EMEA Head of Sanctions, BNY Mellon
9:45-10:20
REGULATION
Reviewing the regulatory landscape and changes on the horizon to prepare for
- Minimizing impact to customers
- Implementing ambiguous requirements
- Reimbursement model impact on managing fraud
- Reviewing the regulatory environment
- Reviewing changes under the Economic Crime and Corporate
- Transparency bill
- Future of SARs under SARs reform
- Reviewing the role of AML Authority in Europe
Robertson Park, Partner, Davis Wright Tremaine LLP
10:20-10:50
Morning refreshment break and networking
10:50-11:25
SANCTIONS – PANEL DISCUSSION
Monitoring and detection methods for sanctions evasion and breaches
- Identifying methodologies for sanctions evasion
- Red flags to identify sanctions evasion
- Beneficial ownership changes to avoid sanctions
- Tactics of sanctioned entity to bypass sanctions
- Tracking behavior patterns of sanctioned individuals
- Monitoring for sanctions breaches
- Capabilities of general due diligence
Chloe Cina, Head of Global Sanctions Advisory, Deutsche Bank
Sebastiaan Defourny, Director- Senior Sanctions Director, ING
Svetlana Zarubina-Thomas, Head of Sanctions Compliance, Nordea
11:25-12:00
INTERNATIONAL APP FRAUD
Consortium analytics to detect and disrupt international Authorized Push Payment (APP) fraud
- Identifying APP fraud risk with consortium data and analytics
- Uncovering fraudulent activity with cross-channel analytics
- Profiling payees across a network of international banks
- Identifying risky counterparties such as money mules
- Reducing blocked transactions, false positives, losses and operational costs
Mauriceo Castanheiro, Fraud Industry Expert, Verafin
Jonathan Frost, Former Director of Technical Collaborations, Stop Scams UK
12:00-12:35
FRAUD SCORES
Radical ideas: what would it take to eradicate APP scams?
- How far is the industry willing to go to eradicate APP scams completely?
- Why APP scams will still exist after April 2024?
- What if we played by the same “rules” as fraudsters do?
- What can be done today to make a difference to combatting money mules?
Yaro Zozulya, Innovation Director, Identity & Fraud, Experian
12:35-1:35
Lunch break and networking
Day one moderator Afternoon: Robert Wynn Jones, Partner, Mishcon de Reya LLP
1:35-2:20
FRAUD – PANEL DISCUSSION
Reviewing the fraud landscape and evolution of techniques and tactics to stay ahead
- Managing increased tactics of criminals
- Use of technology in fraud attempts
- Use of remote access devices
- Financial implications as techniques evolve
- Impact to customer experience and reputation
Gareth Davies, Head of Fraud, Allianz Global Corporate & Speciality (AGCS)
Shyam Prasad Pratihari, Director – Fraud Risk – Financial Markets & Treasury, Standard Chartered Bank
Allen Anthony, Head of Financial Crime & Compliance Management, NEST
Mauriceo Castanheiro, Fraud Industry Expert, Verafin
2:20-2:55
COLLABORATION
Approaches to enhance public private collaboration in the fight against fraud and financial crime
- Role of the serious fraud office
- Benefits and crossovers of collaboration
- Utilizing partnerships to mitigate fraud and financial crime
- Leveraging private sector knowledge and expertise
- Advancing technology utilization
- Utilizing public sector knowledge and experience
- Increased appetite to adopt UK model
Alex Fisher, Director, Group Financial Crime Intelligence and Investigations, Standard Chartered Bank
2:55-3:30
INVESTMENT FRAUD
Educating customers on investment fraud and identifying red flags to look out for
- Advertisements of crypto as an investment
- Social factors impacting investment decisions
- Fast movement of criminals across products
- Implementing internal controls to mitigate risk to customers
- Gaining visibility across channels of communication
Gareth Dothie, Interim Head of Fraud Operations – Economic Crime Directorate (Acting Detective Chief Inspector), City of London Police
3:30-4:00
Afternoon refreshment break and networking
4:00-4:35
Artificial Intelligence in Anti-Financial Crime – the revolution that is yet to come
- We have come a long way – the state of affairs of AI in AFC
- Productivity is king – speed up your compliance operations with AI
- Solving the false-positive conundrum through AI
Sebastian Hetzler, Co-CEO, IMTF
4:35-5:10
CRYPTOCURRENCY
Identifying financial crime and fraudulent activity with increased use of cryptocurrency and crypto assets
- Public Private collaboration in the cryptoasset ecosystem
- Common cryptoasset money laundering methodologies
- Finding a balance with cryptoasset development with risk of exploitation
- Upcoming legislative changes
- UK tax position on cryptoasset and addressing serious non compliance
Sam Bawtree, Technology Enabled Money Laundering Subject Matter Expert, HMRC
5:10-5:20
Chair’s closing remarks
5:20
End of day one
Day Two | September 21
8:00-8:50
Registration and breakfast
8:50-9:00
Chairs opening remarks
Day two moderator: Mona Vaswani, Partner, Milbank LLP
9:00-9:45
FINANCIAL CRIME – PANEL DISCUSSION
Managing increased financial crime risk and opportunity in an adverse economic environment
- Increased risk in negative economic environment
- Resources to tackle financial crime
- Cost reductions impacting compliance programs and risk mitigation
- Doing more with less
- Tactical transformation measures to leverage analytics
- Impact of geopolitical tensions on financial crime
Hee Jung, Vice President, Financial Crime Advisory, Nomura
Igor Sumkovski, Head of Financial Crime, China Construction Bank Corporation London Branch
Kevin Newe, Assistant Director – Illicit Finance Strategy, HMRC
9:45-10:20
FINANCIAL CRIME MODELS
Developing financial crime modeling approaches to more advanced capabilities
- Advancing model documentation
- Challenges with rules-based models
- Moving to more advanced modeling techniques
- Connecting the dots from rules based to advanced modeling
- Maintaining explainability of models
- Setting thresholds based on expert judgement
Suvadeep Adhikari, Senior Data Science Model Validator, ING
Behrouz Raftari Tangabi, Senior Model Validator, ING
10:20-10:50
Morning refreshment break and networking
10:50-11:35
AI & MACHINE LEARNING – PANEL DISCUSSION
Implementing AI and machine learning and reviewing criminal approaches and use cases to mitigate risk
- Implementing deep learning capabilities
- Leveraging unstructured data and pattern analysis
- How AI can change the dynamic of the fraud landscape
- Leveraging behavioral analytics and improving biometric data
- ChatGPT opportunities to manage and create risk
- Leveraging technology as a tool and protecting against external uses
- Deepfake, voice biometrics etc…
- Filtering hype from real change opportunities
Andrew Fleming, MI and Reporting EMEA Lead, Deutsche Bank
Jim Hales, Head of Assurance for Financial Crime Prevention, UBS
11:35-12:10
SOCIAL MEDIA
Understanding interlinkages of social media and wider ecosystem’s role in enabling fraud
- Increased visibility into personal data
- Ofcom empowerment to police websites
- Increased focus on social media predators
- APP fraud within social media markets
- Online Safety Bill in minimizing investment fraud online
- Role of telecommunication, Bigtech and social media in enabling fraud
- Enhancing controls to identify fraud
- Implementing a financial imperative across the ecosystem
- Use of deep fakes in celebrity endorsements
Ionela Emmett, Senior Manager, Financial Crime Controls, Risks and Policy & Advisory, ICBC Standard Bank
12:10-12:45
INTERNAL FRAUD
Managing increased internal fraud risk as economic volatility causes heightened risk
- Reviewing access of individuals and teams
- Implementing the right controls to limit reliance on one individual
- Independent review
- Developing independent checks and balances
- Oversight and review practices beyond audit
- Higher risk of internal fraud in volatility
- Reputation risks of embezzlement
- Processes and reviews for employee access
Alicja Hellak, Compliance Officer, Commerzbank AG
12:45-1:45
Lunch break and networking
1:45-2:20
SOCIAL
Identifying slavery risks in banking
- Increased focus from regulators and law enforcement
- ESG and the Proceeds of Crime Act
- The role of banks in fighting slavery – identifying and managing the risk
- Educating companies
- Culture, conduct and personal accountability
Dr Liliya Gelemerova, Head of UK Financial Security, Crédit Agricole Corporate and Investment Bank (CACIB)
2:20-2:55
How Tech Is Changing Fraud
- How to structure fraud prevention
- The changing fraud landscape
- Team management best practises
- The role of data vs. machine learning
- What does good look like?
Nicholas Clark, Fraud Expert, European Payments Initiative
2:55-3:30
FBI – CASE STUDY
FBI: Foreign bribery, kleptocracy and high level money laundering
- Tracing illicit funds across certain jurisdictions
- Expansion of collaborating amongst law enforcement agencies globally
- Collaboration to trace illicit funds
- Awareness and training regarding foreign bribery and theft
- Capabilities to investigate and prosecute
- Approaches to expedite bank to bank request for information
- Internationally and domestically
- Reviewing Fincen top priorities
Patrick Killeen, Unit Chief-International Corruption Unit, FBI
3:30-3:40
Chair’s closing remarks
3:40
End of Summit
