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

  • 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

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

  • 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

Felix Weinacht,
Head of Anti-Fraud, Bribery & Corruption, Germany & EMEA
Deutsche Bank

Alicja Hellak,
Financial Security, CTA 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

  • 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
    • 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

Riley Peterson,
Head of Compliance and MLRO
China Construction Bank Corporation London Branch

Shereen George,
Head of Sanctions,
BNP Paribas

11:35-12:10

SANCTIONS ENFORCEMENT
Navigating enforcement challenges in sanctions compliance as uncertainty continues

  • 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

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

  • 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

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

  • 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

2:10 - 3:05

DATA
Reviewing data quality within financial crime to combat growing attacks and make more informed decisions

  • 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

3:05 -3:40

CUSTOMER RISK ASSESSMENT
Standardizing customer risk assessment for enhanced efficiency and compliance

  • 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

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

  • 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 -5:10

MONEY MULES
Reviewing challenges and strategies to tackle the increased rise of money mules

  • 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

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

  • 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

Pradeep Kochar,
Director – Global Head of AML, KYC Quality Assurance,
CITI

9:35 - 10:10

AML & KYC
Reviewing innovations in AML and KYC through the integration of technology

  • 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

Pallavi P Kapale Dip,
Senior Financial Crime Officer,
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

  • 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

  • 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

Kevin Newe,
Assistant Director – Illicit Finance Threat Lead,
HM Revenue and Customs

Andrew Flemming,
MI and Reporting EMEA Head,
Deutsche Bank

Gareth Davies,
Head of Fraud,
Allianz Commercial

12:00 - 12:35

TRANSACTION MONITORING
Monitoring and tracking the nuances of transaction monitoring in the age of crypto

  • Evaluating the current market and how the industry is shaping with blockchain analytics
  • Reviewing key challenges today for vendors & technology providers
  • Understanding how businesses set themselves up to succeed
  • Reviewing key challenges today for businesses
  • Are the regulators a blocker or a promoter?
  • Assessing the trajectory of crypto regulation and its impact on blockchain TM practices

Justin Reynolds
Digital Assets Product Lead
ClearBank

12:35 - 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

  • 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

Saurav Banerjee,
Executive Director, Global Head Strategy and Transformation, Emerging Risk & Finance,
UBS


Jane Alimonda,

Audit Head: Regulatory, Financial Crime and Conduct,
The Bank of London


Igor Sumkovski,

Head of Financial Crime Advisory and DMLRO,
China Construction Bank London Branch

2:20 - 2:55

DATA
Breaking down data sharing barriers: Enhancing collaboration for effective financial crime prevention

  • Reviewing legal and regulatory barriers hindering effective data exchange among obliged entities
  • 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

Andrew Flemming
MI and Reporting EMEA Head
Deutsche Bank

2:55 - 3:30

Afternoon refreshment break and networking

3:25 - 4:00

AI
Navigating the ethical and regulatory landscape of AI in financial crime prevention

  • 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

Zahra Gill
Financial Crime Strategy and Change Lead, Enhanced Due Diligence
Starling Bank

4:00 - 4:35

TPRM
Monitoring third-party supply chains to mitigate security risks and track financial crime activity

  • 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

5:45

End of day one and networking drinks reception