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Isle of Man | 15. 05. 2019

2nd Annual Financial Crime Prevention Symposium

Acknowledged by senior offshore practitioners as the essential event for MLROs, MLCOs, Compliance Officers, Senior Managers and Directors, the symposium offers a valuable opportunity to reflect upon the challenges faced by industry, whilst also equipping delegates with enhanced awareness of the key risks in compliance and the fight against financial crime.

2019-05-15 09:00:00 2019-05-15 17:00:00 Europe/London 2nd Annual Financial Crime Prevention Symposium Villa Marina BPP Events events@bpp.com
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Event overview

Acknowledged by senior offshore practitioners as the essential event for MLROs, MLCOs, Compliance Officers, Senior Managers and Directors, the symposium offers a valuable opportunity to reflect upon the challenges faced by industry, whilst also equipping delegates with enhanced awareness of the key risks in compliance and the fight against financial crime.

The symposium will attract financial services professionals from around Europe and aims to host over 200 delegates.

In partnership with the ACSP

We are grateful to ACSP for supporting this event and are delighted to be able to offer all ACSP members a 20% discount when booking.

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Who this event is for?

  • Compliance professionals
  • Consultants
  • Corporate executives (including CEOs and CFOs)
  • Senior managers
  • Risk executives
  • Directors
  • MLROs
  • MLCOs

Pricing & discounts

Price: £355

We offer the following discounts for this event:

  • 20% for ACSP and AICP members
  • 10% for ICA, ICSA, IoD and STEP members

Please note that discounts cannot be used in combination.

2019-05-15 09:00:00 2019-05-15 17:00:00 Europe/London 2nd Annual Financial Crime Prevention Symposium Villa Marina JIBS Events bookings@jerseyibs.com
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Event Schedule

Registration & refreshments

08:30 - 09:00

Opening address

Christopher Usher, Global Head of AML and Financial Crime Education at BPP Professional Education

09:00 - 09:15

AML/CFT Framework Update

Ashley Whyte, Manager – AML Unit for the Isle of Man Financial Services Authority

09:15 - 09:45
Plus

Trends in suspicious activity reporting – where next for the Isle of Man?

Lindsey Bermingham, Director of the Isle of Man Financial Intelligence Unit

09:45 - 10:15
  • Changes the FIU is seeing in terms of reporting by industry sectors
  • The increasing use of the consent regime
  • Section 24 of the Financial Intelligence Unit Act 2016 – its advantages and disadvantages.
Plus

Panel discussion: How anti-money laundering typologies are evolving

10:15 - 10:45
  • What do SARs tell us about AML typologies & sectors
  • The importance of effective management information in managing money laundering risk
  • The subtlety of money laundering risk – from wildlife to environmental crime

Break

10:45 - 11:15

Mitigating financial crime risk in e-gaming

Elaine McCormack, Senior Manager, Risk Consulting at KPMG

11:15 - 11:45

From Money Mules to Chain-Hopping: Targeting the Finances of Cybercrime

Anton Moiseienko, Research Fellow at RUSI’s Centre for Financial Crime and Security Studies

11:45 - 12:15
Plus

Panel discussion: How technology is changing financial crime prevention landscape

12:15 - 12:45
  • Artificial intelligence in financial crime prevention
  • The human factor – are we overly reliant on technology?
  • Developments in RegTech

Lunch

12:45 - 13:45

The importance of public-private partnership in combatting the financing of terrorism

James H, Detective Superintendent of the SO15 Counter Terrorism Command at the Metropolitan Police Service

13:45 - 14:15
Plus

Sanctions considerations in the Isle of Man

Paul Heckles, AML/CFT Advisor for the Isle of Man’s Cabinet Office & Lucie Kennedy, Senior Officer of Customs & Excise at the Isle of Man Treasury

14:15 - 14:45
  • Deficiencies in IoM sanctions regime as identified by MONEYVAL
  • Common problems with international sanctions regimes
  • Future evaluations of our sanctions regime by international bodies
Plus

Panel discussion: Countering the financing of terrorism & sanctions risk in light of geo-political global tension

14:45 - 15:15
  • Current CFT typoloigies
  • Developments in state sponsored terrorism
  • The rise of OFSI

Break

15:15 - 15:45

Recent Criminal Financial Crime Cases

David Sowden, Director at Grant Thornton UK LLP

15:45 - 14:15
Plus

Balancing the scales – Data privacy and fighting financial crime

Andrew Baker, Junior Advocate at Gough Law

16:15 - 16:45

• You can't do right for doing wrong. Do the ends justify the means? Data privacy v AML code compliance.

• The authorities [FIU, FSA, ECU etc] have a defined purpose in regard to the continuous battle against financial crime however rights and the rule of law must not be ignored. Data privacy is a fundamental right, enshrined (for now) in the EU Treaties and in the EU Charter of Fundamental Rights. How do the authorities use your data or the data you provide to investigate financial crime, and are there areas of risk concerning data privacy and data protection.

• Conflicting obligations for organisations may be more than a headache. It could mean serious consequences. What are the weak-points and potential land-mines for firms walking the tightrope between data protection regulations and code-compliance?

Closing address

Christopher Usher, Global Head of AML and Financial Crime Education at BPP Professional Education

16:45 - 17:00
2019-05-15 09:00:00 2019-05-15 17:00:00 Europe/London 2nd Annual Financial Crime Prevention Symposium Villa Marina JIBS Events bookings@jerseyibs.com
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Keynote Speakers

400 X 400 Male Silhouette

Detective Superintendent James H

Detective Superintendent of the SO15 Counter Terrorism Command at the Metropolitan Police Service

James joined the Metropolitan Police Service in July 2000. He began his career in uniformed patrol and has served in various roles, predominantly within the detective branch, with postings investigating various strands of major crime across London. Recent postings include leading the Criminal Investigation Department in Westminster Borough, which is the largest and busiest detective team in the capital, and during 2014-2015 he served as staff officer to the Commissioner of Police, Sir Bernard Hogan-Howe.

Since October 2015, James has worked within counter-terrorism and leads the National Terrorism Financial Investigation Unit, where he is the United Kingdom’s senior policing lead for terrorist financing investigations and strategy.

James leads on counter terrorism policing’s engagement with the financial and retail sector, including international banks and global retailers, and he is currently chair of the Terrorist Financing Experts Working Group – a national public / private sector forum for developing innovative methods to combat terrorist financing.

James is qualified with a degree in law, and is a trained hostage negotiator and senior investigating officer.

Event Speakers

Chris Usher 400 X 400

Chris Usher

Global Head of AML and Financial Crime Education at BPP Professional Education

Chris has over 20 years’ experience in international financial services, working both in the UK and offshore, for major financial institutions such as Barclays Wealth and Santander.

Formerly an International Investment Manager he advised both individuals and corporate entities on complex investment scenarios. He now specialises in delivering training in investment management, taxation and regulatory matters in international finance centres around the world.

Chris is a specialist chairman of a number of high-profile events, including conferences such as the Annual Compliance & Economic Crime Symposium and the International Taxation Conference. As an expert in the financial crime risks posed to international offshore financial centres, Chris was invited to speak at the Association of Certified Anti-Money Laundering Specialists (ACAMS) conference on the topic of ‘Understanding the Criminal Vulnerabilities of Offshore Products and Services’.

400 X 400 Andrew Baker

Andrew Baker

Junior Advocate at Gough Law

Andrew is an Advocate with Tier 1 law firm for Dispute Resolution, Gough Law, a specialist Isle of Man litigation practice. Andrew specialises in regulatory enforcement defence and is an experienced Data Protection practitioner and AML specialist.

Prior to qualifying as an Advocate, Andrew provided AML, ABC and GRC consultancy to financial service providers and designated non-financial businesses in the Isle of Man and to an international clientele.

Andrew holds a wide array of academic and professional qualifications relating to financial crime and compliance, and he is regularly asked to share his specialist knowledge and practical experiences at the Cambridge International Symposium on Economic Crime where he has been invited to speak this year.

400 X 400 Anton Moiseienko

Anton Moiseienko

Research Fellow at RUSI’s Centre for Financial Crime and Security Studies

Anton is a Research Fellow at RUSI’s Centre for Financial Crime and Security Studies, where he conducts policy-focused research on financial crime. His current research covers a range of issues, including corruption and financial integrity in developing countries, global responses to terrorist financing, and the intersection between cybercrime and money laundering. Anton holds a PhD in law from Queen Mary University of London and a master’s degree in law from the University of Cambridge.

400 X 400 Elaine Mc Cormack

Elaine McCormack

Senior Manager, Risk Consulting at KPMG

Elaine has over 30 years’ experience in financial services on the Isle of Man. After almost 20 years with Barclays, Elaine joined the Isle of Man Financial Services Authority as a Manager in their banking supervision team at the height of the financial crisis in 2008 where she spent 8 years supervising a wide range of Isle of Man licence holders ranging from multi-national banks, to small local foreign exchange bureaus and payment service providers. Elaine has been with in the risk consulting team at KPMG since 2017 and provides advice to a wide range of financial services clients, including e-Gaming companies, both on and off-island.

400 X 400 David Sowden

David Sowden

Director at Grant Thornton UK LLP

David specialises in investigating large and complex fraud, money laundering and corruption cases. He has given evidence in the Royal Court in Jersey, the Royal Court in Guernsey and in the Crown Court in England, as well as assisting with criminal investigations in the Isle of Man.

David is a recognised expert forensic accountant on the UK National Crime Agency database. He has worked with leading prosecution authorities such as the SFO, the National Crime Agency, the Crown Prosecution Service and the NHS Counter Fraud and Security Management Services. Such cases have involved allegations of corruption, theft, false accounting and money laundering.

He has acted on a number of high profile sensitive cases involving Politically Exposed Persons, often involving corrupt payments.

David has also been instructed to investigate the general conduct of professionals such as directors, solicitors, insurance brokers and chartered accountants, often involving complex trust structures and multi-jurisdictional issues.

400 X 400 Paul Heckles

Paul Heckles

AML/CFT Advisor at the Isle of Man Government Cabinet Office

Paul started his career with H.M. Customs & Excise in London. After spells in test betting and VAT he moved into their law enforcement specialisms. Long spells then followed on heroin target teams and the fledgling Drugs Financial Investigation Branch. Whilst in the latter he oversaw, organised and ran undercover money investigations, targeting the Cali drugs cartel.

After twenty one and a half years with Customs, Paul became Head of Enforcement with the Isle of Man’s Financial Supervision Commission. After eleven years there, he took on the role of Commissioner of the Financial Regulator in the Cook Islands. Since returning to the Isle of Man in 2016 Paul has been employed as an AML/CFT consultant in the Isle of Man’s Cabinet Office. He has also recently undertaken short-term advisory roles for the governments of Kosovo, Macedonia, Malta, Saudi Arabia and Turkey.

He is a trained international assessor for Mutual Evaluation Reporting and has previously been part of the assessment teams of The Gambia and Vanuatu.

400 X 400 Ashley Whyte

Ashley Whyte

Manager – AML Unit in the Isle of Man Financial Services Authority

Ashley is a Manager in the AML Unit of the Isle of Man Financial Services Authority and has worked at the IOMFSA for 11 years, previously focusing on new licence applications and now responsible for AML/CFT matters concerning the IOMFSA. Ashley primarily works on AML/CFT policy matters such as keeping the AML/CFT framework up to date and working on action points arising from the Island’s MONEYVAL mutual evaluation which took place in 2016.

400 X 400 Lindsey Bermingham

Lindsey Bermingham

Director of the Isle of Man Financial Intelligence Unit

Lindsey Bermingham is the Director of the Isle of Man Financial Intelligence Unit, having been appointed as the FIU’s first Director in November 2016. Lindsey is also currently a member of the Egmont Committee and one of the two Regional Representatives for the Europe II Region of the Egmont Group .

Lindsey is an Isle of Man advocate with over twenty years’ experience. Prior to joining the FIU Lindsey was a director of the law firm Cains, specialising in commercial and chancery litigation. Lindsey’s work included regulatory issues, anti-bribery, fraud, asset tracing and white-collar crime. In 2010 Lindsey was awarded the Chief Constable’s Certificate of Merit for her contribution to a complex money laundering and fraud investigation. Prior to joining Cains Lindsey worked in the Attorney General’s Chambers dealing with financial crime matters and mutual legal assistance.

400 X 400 Lucie Kennedy

Lucie Kennedy

Senior Officer of Customs & Excise at the Isle of Man Treasury

Lucie has worked for the Customs and Excise Division of the Treasury for the past 16 years. She began her career in the Debt Management Unit, before moving into the VAT Assurance section to undertake compliance checks on VAT registered traders. After 5 years in the Assurance section, Lucie moved roles to become the manager of the Customs and Excise Advice Centre, dealing with customs, excise and VAT enquiries and registrations.

More recently in 2016, Lucie moved into, and now manages, the Legal & Policy section which is responsible for the drafting of legislation concerned with customs, excise, VAT, and more recently, sanctions. Her team is also responsible for publishing information about designated persons and issuing guidance in relation to sanctions.

2019-05-15 09:00:002019-05-15 17:00:00Europe/London2nd Annual Financial Crime Prevention SymposiumVilla MarinaJIBS Eventsbookings@jerseyibs.com

Villa Marina

Unit 8, Villa Marina Arcade, Harris Promenade, Douglas, Isle of Man, IM1 2HJ

2019-05-15 09:00:00 2019-05-15 17:00:00 Europe/London 2nd Annual Financial Crime Prevention Symposium Villa Marina JIBS Events bookings@jerseyibs.com