Agenda
8:00 – 8:50
Registration and breakfast
8:50 – 9:00
Chair’s opening remarks
9:00 – 9:35
COMPANIES HOUSE
Strengthening financial integrity: Evaluating reforms at Companies House
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- Reviewing impact when mitigating financial crime through company registrations
- Implementing identification and verification of people setting up companies to reduce criminal activity
- Evaluating the effectiveness of mitigating criminal activity
- Navigating compliance considerations for new regulation
- Offsetting crime through Companies House
- Identifying potential fraudulent attempts after ID & V comes into place
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Ionela Emmett, Senior Manager – Financial Crime Controls, Risks and Policy & Advisory, ICBC Standard Bank |
9:35 – 10:20
COMPLIANCE – PANEL DISCUSSION
Navigating regulatory expectations and ensuring compliance in a dynamic landscape
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- Staying ahead of upcoming regulations across jurisdictions
- Staying up to date with appropriate reporting for customer obligations
- Ensuring a robust framework for regulatory reviews
- Maintaining assurances and compliance amid evolving regulatory landscapes
- Interpreting regulators’ requirements in multi-jurisdictional environments
- Understanding the direction of UK regulations with potential divergence from EU regulations
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Felix Weinacht, Compliance Director, Deutsche Bank |
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Alicja Hellak, Financial Security Senior Manager,BNP Paribas |
10:20 – 10:50
Morning refreshment break and networking
10:50 – 11:35
SANCTIONS EVASIONS – PANEL DISCUSSION
Leveraging technology to detect and tackle sanctions evasion attempts
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- Reviewing routes of evasion in different jurisdictions
- Analyzing schemes and intermediaries facilitating sanctions circumvention
- Monitoring the scale of evasion with its unprecedented volume
- Identifying red flags to assess potential evasion transactions
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- Gaining expertise internally and in enforcement agencies
- Delivering appropriate training to the front line and across jurisdictions
- Reviewing upcoming regulatory considerations for sanctions
- Implications for financial institutions and workforce upskilling
- Enhancing compliance programs and leveraging technology to identify sanctions violations
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Arjun Ahluwalia, Global Head of Sanctions and Geopolitical Risk, Santander Corporate and Investment Banking. |
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Riley Peterson, Head of Compliance, China Construction Bank Corporation London Branch |
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Shereen George, Head of Sanctions, BNP Paribas. |
11:35 – 12:10
SANCTIONS ENFORCEMENT
Navigating enforcement challenges in sanctions compliance as uncertainty continues
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- Reviewing forthcoming enforcement actions by OFSI on Russia sanctions violations
- Reviewing increased scrutiny on banks’ sanctions compliance programs
- Increased risk exposure to banks that stayed operating in Russia
- Reviewing upcoming enforcement action with limited resources
- Increasing collaboration across the UK & US to target cross-jurisdictional violations
- Gaining a consistent approach to this from law enforcement
- Higher need for this with AI transforming the payment space
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Tepo Din, Head of EMEA Anti – Money Laundering, Sanctions and Anti – Bribery and Corruption Legal, BNY Mellon |
12:10 – 12:45
BENEFICIAL OWNERSHIP
Reviewing the beneficial ownership rules and assessing the impact on financial institutions
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- Tackling obscure and complex ownership structures
- Identifying exploitation of investment vehicles utilizing opaque legal entities to conceal beneficial ownership
- Highlighting intermediary entities controlling assets on behalf of sanctioned individuals
- Potential regulatory breaches and compliance challenges
- Conducting an analysis of the impact on banking operations
- Enhancing due diligence in KYC processes
- Identifying sanctioned parties attempting to re-enter financial markets with altered ownership structures
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Fiki Bailey, Global Financial Crime Senior Manager, Aviva Investors |
12:45 – 1:45
Lunch break and networking
1:45 – 2:10
TECHNOLOGY
Reviewing the opportunities to leverage technology for enhanced financial crime prevention
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- Automating processes to enhance efficiency
- Evolving financial crime techniques with new technology
- Investing in relevant technology to protect customers from bad actors
- Leveraging technology opportunities to stay ahead of criminals
- Developing the right technological defences to identify and prevent fraud
- Protecting customer assets by investing in relevant technology
- Implementing safeguards to ensure predictive modeling is delivering the right results and staying compliant
- Balancing the volume of technology with the right technology
- Balancing cost implications of adopting new technologies Vs. traditional human-centric approaches
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Zahra Gill, Financial Crime Strategy and Change Lead, Enhanced Due Diligence, Starling Bank |
2:10 – 3:05
DATA
Reviewing data quality within financial crime to combat growing attacks and make more informed decisions
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- Managing data quality in financial crime prevention
- Impact of data inaccuracies on resource allocation and decision-making
- Role of clean data in identifying high-risk indicators and optimizing investigative efforts
- Overcoming challenges in data sharing and integration across different systems
- Identifying money laundering cases and reducing false positives
- Sharing data to mitigate financial crime tactics
- Leveraging technology to identify blind spots for using data
- Utilizing technology for data analysis while ensuring ethical and accountable decision-making
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Jorge Martinez Malacara, Director, Head of EMEA Financial Crime Compliance Testing, MUFG |
3:05 – 3:40
CUSTOMER RISK ASSESSMENT
Standardizing customer risk assessment for enhanced efficiency and compliance
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- Identifying issues with a risk-averse model
- Setting appropriate risk appetite without compromising confidentiality
- Balancing regulatory requirements and internal risk appetite
- Aligning risk assessment models with business objectives
- Understanding what institutions believe to be high and low-risk
- Making risk-based checks efficient to onboard and retain customers
- Aligning definitions for high-risk customers across institutions
- Optimizing processes to minimize customer inconvenience
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Matthew Tataryn, Director of Financial Crime, Tide |
3:40 – 4:10
Afternoon refreshment break and networking
4:10 – 4:45
APP FRAUD
The evolution of push payment fraud and proactively protecting vulnerable customers
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- Tackling increased push payment fraud through social engineering
- Proactively protecting customers from push payment fraud
- Including vulnerable populations
- Increased damage to financial institutions reputation
- Integrating fraud checks whilst being on the phone to make transactions
- Understanding where risks now stand in relation to customers with new PSD3 regulation
- Examining the evolving responsibilities of banks in mitigating fraud risks
4:45 – 5:20
MONEY MULES
Reviewing challenges and strategies to tackle the increased rise of money mules
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- Reviewing the trends and implications of money mules
- Understanding the impact of geopolitical events on money mules
- Implications of PSR regulations on muling
- Shared liability between two banks that are involved in money movement
- Potential increase in reputational risks: Effect of PSR’s ranking table on banks’ public image
- Operationalizing responses to mitigate money-muling risks
- Leveraging data analytics and technology to identify emerging trends
- Enhancing SAR processes from reporting to customer exits
- Reviewing future trends and innovations in combating money muling
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Gareth Dothie, Interim Head of Fraud Operations, City of London Police. |
5:20 – 5:30
Chair’s closing remarks
5:30
End of day one and networking drinks reception
8:00 – 8:50
Registration and breakfast
8:50 – 9:00
Chair’s opening remarks
9:00 – 9:35
AML REGULATION
Navigating the new regulatory landscape in financial crime and identifying impacts across the industry
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- Implementing Europe’s new money laundering rules
- Reviewing the implications and implementation strategies
- Staying compliant with fast-changing regulations across jurisdictions
- Conflicting regulations set with fast-moving technology advancements
- Performing horizon scanning and strategic planning for timely deployment of systems
- Regulatory barriers hindering effective data exchange and cooperation with FIUs
- Leveraging technology to enhance regulatory compliance and mitigate financial crime risks
- Inclusion of data protection and privacy in a global regulatory environment
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Pradeep Kochar, Director – Global Head of ICG, AML, KYC Quality Assurance, CITI |
9:35 – 10:10
AML & KYC
Reviewing innovations in AML and KYC through the integration of technology
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- Exploring cost-effective alternatives to traditional AML checks
- Leveraging technology for quick and secure customer verification
- Monitoring and updating when there is a changed beneficial owner in the company directory
- Dealing with this at a large scale
- Periodically updating customers’ information due to their risk rating
- Reviewing customer risk assessment at onboarding
- Optimizing the balance between gathering information and minimizing false positives
- Integrating strategies for efficient data management
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Pallavi P Kapale Dip, Senior Financial Crime Officer – Financial Intelligence Unit, Bank of China. |
10:10 – 10:40
Morning refreshment break and networking
10:40 – 11:15
IDENTITY THEFT
Addressing emerging identity theft challenges and where technology can be leveraged to mitigate risk
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- Putting controls in place to mitigate the execution of unauthorized transactions
- Increasing collaboration within the industry to identify best practices
- Spotting and mitigating the misuse of bank accounts opened using stolen identities
- Increasing collaboration between regulatory bodies
- Staying compliant with requirements
- Reviewing the effectiveness of current mitigation efforts across various organizations
- Developing robust fraud prevention and detection strategies
11:15 – 12:00
CRIMINAL USE OF TECH – PANEL DISCUSSION
Understanding criminal uses of technology in order to stay ahead and combat the risk
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- Increased speed of payments being moved from fraudsters due to technology
- Use of encrypted devices
- Collaborating between the public and private sector to effectively identify money laundering
- Exploring approaches to tackling encrypted devices
- Understanding how criminals are using cryptocurrencies and AMI’s
- Increasing communication and regulation between various parts of the system
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Kevin Newe, Assistant Director – Illicit Finance Threat Lead, HM Revenue and Customs |
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Andrew Flemming, MI and Reporting EMEA Head, Deutsche Bank |
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Gareth Davies, Global Head of Fraud, Allianz Commercial |
12:00 – 12:35
TRANSACTION MONITORING
Monitoring and tracking the nuances of transaction monitoring in the age of crypto
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- Investigating and identifying when crypto assets are involved
- Exploring the data landscape of blockchain and its implications for transaction monitoring
- Leveraging crypto advantages when treated as a different asset
- Simultaneously identifying risks unique to crypto
- Having information readily available for regulators if things go wrong
- Tailoring activities around those assets according to information available
- Tracing bitcoin movements as they increase in speed
- Assessing the trajectory of crypto regulation and its impact on transaction monitoring practices
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Justin Pascoal Reynolds, Digital Assets, Strategy and Execution, ClearBank |
12:00 – 1:35
Lunch break and networking
1:35 – 2:20
AI – PANEL DISCUSSION
Understanding potential use cases of AI for financial crime detection and mitigation
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- Understanding the use of AI as a threat: Can we fight AI with AI?
- Reviewing how bad actors are leveraging AI
- Examining the role of AI in identifying patterns of fraudulent behavior
- Enhancing risk assessment models and augmenting investigative capabilities
- Reviewing the development in large language models and leveraging internally
- Safeguarding against bias in the systems that are deployed
- Maintaining explainability and visibility of automated results
- Driving analysis of alerts through generative AI
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Saurav Banerjee, Global Head Strategy and Transformation, Emerging Risk and Finance, UBS |
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Jane Alimonda, Internal Audit Director, The Bank of London |
2:20 – 2:55
DATA
Breaking down data sharing barriers: Enhancing collaboration for effective financial crime prevention
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- Reviewing legal and regulatory barriers hindering effective data exchange among obliged entities
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- Impact of data privacy laws, such as GDPR and banking secrecy, on data sharing initiatives.
- Increased opportunities for collaborative data sharing to improve detection and prevention of financial crime.
- Integrating strategies for overcoming jurisdictional challenges in global data sharing
- Leveraging platforms for joint data analysis and intelligence sharing
- Exploring AI-driven approaches to facilitate data sharing and collaboration
2:55 – 3:25
Afternoon refreshment break and networking
3:25 – 4:00
AI
Navigating the ethical and regulatory landscape of AI in financial crime prevention
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- Examining regulatory frameworks governing the use of AI to stay compliant
- Mitigating the risks of AI-related fraud and ensuring the ethical use of AI technologies
- Addressing common challenges and promoting responsible AI adoption
- Educating employees on AI for sufficient use
- Reviewing successful AI use cases in financial crime prevention
- Reviewing the limitations and potential pitfalls of AI technology
- Addressing concerns regarding data privacy, bias, and ethical implications of Ai
4:00 – 4:35
TPRM
Monitoring third-party supply chains to mitigate security risks and track financial crime activity
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- Reviewing implications of data breaches on terrorism financing and regulatory compliance
- Ensuring data security and compliance when working with vendors
- Establishing processes to control data access and prevent unauthorized sharing
- Implementing encryption and access controls to safeguard sensitive information
- Leveraging technology to monitor and track data movement
- Validating account information for payments to reduce invoice fraud
- Enriching transaction data with contextual information
- Leveraging machine learning for more effective detection of terrorist financing activities
4:35 – 4:45
Chair’s closing remarks
4:45
End of day one and networking drinks reception