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Jersey | 25. 04. 2017

2017 KYC & CDD Forum

Practical guidance on using best practices and technology to streamline your KYC & CDD processes

Know Your Customer (KYC) & Client Due Diligence (CDD) are at the heart of financial crime risk management within the financial services industry. Regulators are increasingly focused on the quality and appropriateness of KYC & CDD carried out both at client on-boarding and review stage. After many years of legislative pressure, financial services businesses are still wrestling with the challenges presented by complex business models and relationships. This one-day forum will examine key issues faced by those working within this field.

2017-04-25 09:15:00 2017-04-25 16:15:00 Europe/London 2017 KYC & CDD Forum Jersey International Business School JIBS Events bookings@jerseyibs.com
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Practical guidance on using best practices and technology to streamline your KYC & CDD processes

Know your Customer (KYC) & Client Due Diligence (CDD) are at the heart of financial crime risk management within the financial services industry. Regulators are increasingly focused on the quality and appropriateness of KYC & CDD carried out both at client on-boarding and review stage. After many years of legislative pressure, financial services businesses are still wrestling with the challenges presented by complex business models and relationships. This one-day forum will examine key issues faced by those working within this field.

This KYC forum will look at practical ways in which businesses may streamline KYC processes through technology and best practice. Hearing from industry experts, delegates will increase their knowledge and understanding of the Jersey 'obliged persons' regime, implications for KYC of the 4th EU AMLD, how best to use digital screening technologies and how to spot 'red flags' when carrying out KYC & CDD.

With specialist speakers from the local financial services industry, this event will be practical, topical and informative.

Pricing & Discounts

Price: £325

We offer the following discounts for this event:

  • 20% for JCOA members
  • 10% for ICA, STEP and JADO members
2017-04-25 09:15:00 2017-04-25 16:15:00 Europe/London 2017 KYC & CDD Forum Jersey International Business School JIBS Events bookings@jerseyibs.com
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Event Schedule

Registration & refreshments

08:45
Plus

Chris Usher (Chairman), Chief Executive Officer of Jersey International Business School

Opening address

09:15
  • Welcoming address
Plus

Jo French, Director of Education at Jersey International Business School

Challenging CDD myths – why your training might not be effective

09:30
  • Common misconceptions
  • The problem of confirmation bias
  • Challenging apathy
  • Challenging commercial and willful blindness
Plus

Janice Drum, Head of Compliance for UK/CI at Alter Domus

CDD monitoring – best practice and meeting the regulators' expectations

10:00
  • What is CDD – why is it important to understand the whole picture?
  • What do we mean by  "best practice"?
  • What is meant by a "risk-based approach"?
  • What are the expectations of the regulators?
Plus

Panel discussion: Understanding the regulators' expectations

10:30
  • Review of acceptable standards
  • Best practice in demonstrating compliance
  • Poor practice to avoid

Break

11:00
Plus

Tom Devlin, Senior Advisor on Regulation to the KYC360° Technologies Group

Utilising risk screening technologies effectively given regulatory requirements

11:15
  • What am I required to screen for?
  • How should I adapt my approach for different customer types/risk profiles?
  • Common pitfalls
  • How can I get the best return on my investment in screening?
Plus

Colin Tansley, Cyber Intelligence specialist and trainer at Intelect Solutions

Online CDD monitoring using investigative techniques

11:45
  • How easily both good- and poor-quality information can be gathered about existing and prospective clients for the purposes of KYC and CDD
  • How as users of the Internet there is a requirement to understand how online monitoring can be used against us

Plus

Panel discussion: Practical CDD tips

12:30
  • Essential CDD considerations
  • CDD on structures
  • EDD & PEP requirements

Lunch

13:00

Carly Williams, MLRO/MLCO at RBC Wealth Management

Spotting 'red flags' in CDD - 'to SAR or not to SAR, that is the question…'

14:00
Plus

Panel discussion: 4th EUAMLD – Implications and key considerations for Jersey

14:30
  • Jersey's position on the 4th EUAMLD
  • Update on Jersey's UBO register
  • Practical risk management

Break

15:00
Plus

Charles D.W. O'Sullivan, Compliance Officer at STM Fiduciaire

Understanding the 'Obliged Persons' regime

15:15
  • Placing reliance is a choice not an obligation
  • Placing reliance does not transfer responsibility for deficiencies in the CDD information required and gathered
  • Placing reliance must not be blind
  • Reliance does not transfer your ongoing monitoring obligations
  • Reliance chains are not permitted
  • Reliance may not provide full CDD to local regulatory requirements. There may be information gaps that you must fill
Plus

Chris Usher, Chief Executive Officer of Jersey International Business School

Sharing best practice in documenting source of wealth

15:45
  • Capturing essential information
  • Enhanced due diligence considerations
  • Best practice
2017-04-25 09:15:00 2017-04-25 16:15:00 Europe/London 2017 KYC & CDD Forum Jersey International Business School JIBS Events bookings@jerseyibs.com
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Event Speakers

400 X 400 George Pearmain

George Pearmain (Panel speaker)

Lead Policy Adviser – Private Wealth and Financial Crime for the Government of Jersey

George has worked for the Government of Jersey (States of Jersey) since 2012 advising initially the Minister for Economic Development, and more recently the Chief Minister of Jersey on policy and legislative development in relation to the financial services industry.

George currently takes lead responsibility for Government engagement in both the private wealth management sector and financial crime policy along with a variety of other day-to-day work across the financial services industry.

George has a background in commercial litigation with a particular focus on fraud, regulatory and trust disputes.

Chris Usher 400 X 400

Chris Usher

Head of International Financial Centres 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’.

Jo French 400 X 400

Jo French

Financial Crime Prevention Education Training and Development Manager at BPP

Jo has worked in offshore financial services since 1988 and is a Fellow of the Institute of Chartered Secretaries and Administrators. Jo previously ran the ICSA programme at BPP Professional Education where her students won many of the international prizes. Jo has also taught on CMI and ACCA.

In addition she is a senior lecturer for the International Compliance Association delivering on their full range of AML and compliance qualifications. As well as exam training and involvement on JIBS’s extensive public programme, Jo specialises in developing bespoke, technical in-house CPD programmes covering a range of AML, compliance and governance issues. Clients include the British Bankers' Association, the Association of Corporate Service Providers in the Isle of Man and the Guernsey Training Agency.

A committed educationalist, Jo obtained a First Class Law Degree in 2005 (LLB), facilitated through the Open University. In 2015 she was awarded a Merit in a Masters in Law (LLM) from Queen Mary University of London specialising in financial services law. She is passionate about the delivery of accessible and innovative training courses.

Carly Williams 400 X 400

Carly Williams

MLRO/MLCO at RBC Wealth Management

Carly has worked in the financial services industry in Jersey for the last 19 years, having started her career within fiduciary services, with a predominant focus on company secretarial work. She then moved into the funds industry and established a client due diligence team looking at investors in private equity and real estate funds. It was during this time that she obtained International ICA Diplomas in Compliance and AML and began to specialise in AML and Due Diligence. 

Following a period of work in the UK, which provided additional onshore experience, Carly settled back in Jersey with RBC Wealth Management 6 years ago. She currently heads the Jersey AML team and has been the MLRO and MLCO for the last 2 years.

Charles Osullivan 400 X 400

Charles D.W. O'Sullivan

Compliance Officer at STM Fiduciaire

Charles is a former banker with 40+ years’ experience in finance including accountancy, trust and company administration, the money markets in Jersey and London (13 years), investment management administration and 5½ years with the JFSC as a Banking Regulator. He returned to industry as Head of local Compliance of a major international bank before becoming Risk and Compliance Manager for the Jersey subsidiary of a major Dutch group. He then joined the Group Compliance of a local law firm to implement the 2008 AML/CFT Handbook and advise on financial regulation and compliance. After acquisition of the firm by a US Funds Administrator, he held the roles of Compliance Officer, MLRO and MLCO and AML specialist. He is currently a Trust Company Business Compliance Officer and is also a Private Practitioner Member of the Jersey AML Steering Group.

Tom Devlin 400 X 400

Tom Devlin

Senior Advisor on Regulation to the KYC360° Technologies Group

Tom is a partner at Stephen Platt & Associates and former investment banker. He has advised and acted for regulators, tier one banks, challengers, investment funds, trust companies, and professional bodies. He regularly advises both regulators and corporates on matters of policy in relation to the prevention of financial crime.

An accomplished speaker, Tom has delivered keynote addresses at financial crime conferences in locations including London, Melbourne, Jersey and Mauritius. He advises the KYC360° Technologies Group on policy and product development in the field of financial regulation.

Janice Drum 400 X 400

Janice Drum

Head of Compliance for UK/CI at Alter Domus

Janice Drum is Head of Compliance (Channel Islands, UK & Ireland) at Alter Domus. She is also the named CO/MLRO/MLCO at Alter Domus (Jersey). 

Janice is a highly experienced compliance professional with over 30 years' experience within the financal services industry in Jersey. She has worked in compliance for 12 years including 2 years in the supervisory team at the JFSC. As part of her compliance positions she has been responsible for the oversight of the compliance function of a number of jurisdictions including Guernsey, UK, Ireland, Luxembourg, Dubai and Hong Kong, and is experienced in the regulatory and AML requirements for these jurisdictions. Janice holds the Securities Institute Diploma, an MBA and ICA AML Diploma. She has been a member of the JCOA committee for over 4 years.

2017-04-25 09:15:002017-04-25 16:15:00Europe/London2017 KYC & CDD ForumJersey International Business SchoolJIBS Eventsbookings@jerseyibs.com

Jersey International Business School

12/13 Caledonia Place, St. Helier, Jersey JE2 3NG

2017-04-25 09:15:00 2017-04-25 16:15:00 Europe/London 2017 KYC & CDD Forum Jersey International Business School JIBS Events bookings@jerseyibs.com