The IA Financial Crime Forum 2022

In light of recent developments, this event will now be held virtually.

Group discount: use the promotional code GROUP for 20% discount on bookings of five or more.

Fighting Financial Crime - an Ever-Evolving Effort: Money laundering, fraud and sanctions

SUMMARY

This event will provide individuals with the opportunity to find out more about mitigating the risk of financial crime.

ABOUT

Financial Crime is a complex, multi-faceted and ever evolving global issue which has become increasingly sophisticated in nature. As firms digitise their services and remote working schemes are shaped to accommodate the new normal, the growing threat from financial crime is now more significant than ever, with sophisticated scams on the rise, targeting vulnerable customers to gain their personal and financial information.

Whilst UK businesses and the Government introduce numerous initiatives to work across the public/private divide and enable information sharing to facilitate the fight against crime, firms find the demands and expectations on them to participate ever increasing.

Online financial crime is an incredibly important issue for both the IA and the industry, and we will continue supporting the sector and policymakers in navigating the substantial opportunities and challenges which lie ahead.

The Government continues to push ahead with changes to the Money Laundering Regulations, coming through 2022, with increasing divergence from the European Union, given the EU’s new Anti Money Laundering (AML) Package. There will also be a new UK SARs Digital Service introduced soon.

Leaving the EU also led to the UK developing its own sanctions regime, incorporating sanctions imposed by the United Nations and UK specific sanctions.

Hear directly from those creating the new anti-crime regimes as well as industry practitioners putting them into practice.

AUDIENCE

This event will bring together an audience made up of Money Laundering Reporting Officer (MLRO)'s, Heads of Financial Crime, Financial Crime managers, Senior Compliance Officers and other related roles.

12:00-12:05 Welcome

Pauline Hawkes-Bunyan, Director of Business: Risk, Culture & Resilience, The Investment Association

12:10-12:20 Opening Remarks from the Financial Crime Committee Chair

Dominic Fielding, Governance, Risk, Compliance & MLRO, Handelsbanken Wealth & Asset Management

12:25-12:55 Reforming the Suspicious Activity Reporting Regime
An overview of the SARs Reform Programme - its objectives and what this means for SAR reporters.

Vince O’Brien, Deputy Director, National Economic Crime Centre

13:00-13:30 Review of the Money Laundering Regulations
This session will provide more information about the Review currently underway of the UK’s Money Laundering Regulations, following a Call for Evidence in 2021. The Review offers the opportunity to ensure the Anti-Money Laundering regime responds to the UK’s particular circumstances and risks, is as effective as possible in preventing and detecting illicit finance, and supports UK competitiveness by ensuring the UK is a clean and safe place to do business.

Laura Oakley, Head of Counter-Illicit Finance & Economic Crime Reform, HM Treasury

13:35-14:20 POCA and Cannabis Related Investments
This panel will discuss the impact of POCA and firms’ investment in financial instruments as well as the legalisation of cannabis in many overseas jurisdictions.

Moderator: Adrian Hood, Regulatory & Financial Crime Expert, The Investment Association 
Tammuz Ben-Said, Head of Anti-Money Laundering and MLRO, BMO Global Asset Management (EMEA)
Steve Smith, Partner, Financial Services Disputes & Investigations, Eversheds Sutherland

14:20-14:50 Networking Break

14:50-15:35 Sanctions Screening: Pre-Trade Challenges for the Buy-Side
Leaving the EU led to the UK developing its own sanctions regime, incorporating sanctions imposed by the United Nations and UK specific sanctions. Hear from practitioners about how they remain compliant with this strict liability regime.

Moderator: Adrian Hood, Regulatory & Financial Crime Expert, The Investment Association
Ciaran Askin, Global Head of Financial Crime and UK Money Laundering Reporting Officer, Invesco
Oliver Bodmer, Senior Product Manager, SIX
Zia Ullah, Head of Corporate Crime and Investigations, Eversheds Sutherland

15:40-16:00 What Does the Online Safety Bill Mean for the Future of Financial Crime?
A political perspective on the Online Safety Bill and how best the industry can work with policymakers to ensure it’s as effective as possible.

Rt Hon Stephen Timms MP, Member of Parliament for East Ham

16:05-16:50 Regulatory Horizon Developments and Preparing for the Future
A wide ranging discussion on the future for fighting financial crime, including regulatory and legal developments, and how practitioners can adapt.

Moderator: Adrian Hood, Regulatory & Financial Crime Expert, The Investment Association
Dominic Fielding, CRO & MLRO, Handelsbanken Wealth & Asset Management

16:50-17:00 Closing Remarks

Adrian Hood, Regulatory & Financial Crime Expert, The Investment Association

In order of programme appearance:

Pauline Hawkes-Bunyan, Director of Business: Risk, Culture & Resilience, The Investment Association

Pauline is the ExCo Director responsible for the Business: Risk, Culture & Resilience Team at The Investment Association (IA): supporting IA member firms on policy issues that impact on firm resilience and regulatory change.

Key focus areas;

• Financial resilience including Financial Crime & scams
• People resilience: Culture, Conduct D&I

Pauline has spent more than 20 years in the investment management industry seeing industry opportunities and challenges from adviser, in-house and trade body perspectives. Prior to joining the IA, Pauline was a Director at Aviva and Financial Services Partner at Deloitte.

Dominic Fielding, Governance, Risk, Compliance & MLRO, Handelsbanken Wealth & Asset Management

Dominic joined Handelsbanken Wealth in 2016 as MLRO and Head of Compliance. He has worked in Financial Services for over 25 years and has extensive regulatory experience. Before joining Handelsbanken, Dominic set up his own consulting firm and was Chief Risk Officer at Duncan Lawrie Asset Management. He has worked in Internal Audit at Aviva and been a Director of Regulatory Practice at pwc, where he worked with clients across financial services dealing with regulatory risks including Financial Crime work. Prior to this, he worked in supervision at the FCA (formerly FSA) and dispute resolution at the Financial Ombudsman Service.

Dominic holds a Bachelors and Masters degree in Law from the University of London. 

Vince O’Brien, Deputy Director, National Economic Crime Centre

Vince joined HM Customs & Excise in 2004 having worked previously in the military and private sectors, before moving to the Serious Organised Crime Agency in 2008. In SOCA, and subsequently the National Crime Agency, Vince has led intelligence and investigations teams across a range of threats including border policing, international crime, drugs, firearms, dark web marketplaces, financial investigations and asset recovery. Vince moved to the National Economic Crime Centre in 2019 with responsibility for Public Private Partnerships, the Proceeds of Crime Centre and the Joint Money Laundering Intelligence Unit, and has been part of the UK Financial Intelligence Unit senior leadership team since 2020.

Laura Oakley, Head of Counter-Illicit Finance & Economic Crime Reform, HM Treasury

Laura has worked at HM Treasury for several years in a variety of public policy roles. Her current role is as Head of Counter-Illicit Finance and Economic Crime Reform.

Her team’s focus is on the UK’s response to economic crime and domestic money laundering risks. This includes the reform of the UK’s Money Laundering Regulations, the National Risk Assessment for money laundering and counter-terrorist financing, and the public-private Economic Crime Plan.

Adrian Hood, Regulatory & Financial Crime Expert, The Investment Association

Adrian Hood has been Regulatory Advisor at The IA, the trade association of the UK’s investment management industry, since 2006. He is also a Director on the JMLSG Board. His responsibilities include financial crime as well as market abuse, wholesale issues, FCA regulation, short selling regulation, operational risk, benchmark regulation, MiFID II and MAD II.

Prior to joining the IA he has worked both in asset management compliance and with IMRO and the FSA.

Tammuz Ben-Said, Head of Anti-Money Laundering and MLRO, BMO Global Asset Management (EMEA)

Tammuz is responsible for the BMO Asset Management anti-money laundering, sanctions and fraud program across EMEA and Asia. She has 14 years’ experience in financial crime compliance and risk management in the financial services industry.

Tammuz joined BMO Global Asset Management in 2016 following roles at Deloitte and Barclays Wealth. Her experience includes strategic financial crime risk management, remediation and improvement initiatives, designing target operating models and transformation programs.

Tammuz holds an LLB Law and LLM in Commercial Law from Cardiff University and is a member of the Institute of Chartered Accountants in England and Wales.

Steve Smith, Partner, Financial Services Disputes & Investigations, Eversheds Sutherland

Steve is a partner in the Financial Services, Disputes & Investigations Team at Eversheds Sutherland. He provides practical and pragmatic advice informed by his direct industry experience to help clients find sustainable solutions and outcomes in respect of financial crime matters. Steve is one of the few people who has defended, prosecuted and worked within in industry at the highest levels. His experience and approach has enabled him to become one of only a very small number of genuine “go to” lawyers for MLROs and banks, given his background within the industry and 360-degree view on issues. Steve draws on his 20 years’ experience as a defence lawyer, former senior prosecutor for the Financial Conduct Authority and his experience working in senior financial crime compliance roles for major financial institutions to advise on a broad range of financial crime related issues including financial crime compliance, with a particular emphasis on AML systems and controls. He also conducts internal investigations and advises on criminal liability arising from allegations of serious fraud, money laundering and bribery and corruption.

Ciaran Askin, Global Head of Financial Crime and UK Money Laundering Reporting Officer, Invesco

Ciaran came to Invesco five years ago from Columbia Threadneedle Investments. Prior to coming into the asset management sector, Ciaran spent 17 years in law enforcement, latterly as Head of Intelligence for the UK’s National Terrorist Financial Investigation Unit.

Oliver Bodmer, Senior Product Manager, SIX

Oliver Bodmer is Senior Product Manager at Financial Information, SIX based in Switzerland. He is proposition manager for KYC, AML and Sanctions and he is responsible for the corresponding SIX product offering.  He has led multiple customer implementation projects in the above areas in various international locations. Prior to his engagement at SIX Oliver has worked in the HQ of a banking group as well as for large international technology cooperation’s leveraging his experience from his assignment at the Swiss antitrust department. Oliver has a master’s degree in economics and an Executive MBA from EPFL Switzerland and the University of Texas at Austin.

Zia Ullah, Head of Corporate Crime and Investigations, Eversheds Sutherland

Zia is a partner and Co-Global Head of Eversheds Sutherland’s Corporate Crime and Investigations group and a specialist in International Sanctions, AML and ABC. Ranked in Legal 500 he advises on all aspects of corporate and financial crime compliance and was previously the global head of Sanctions at Barclays. Zia is a current FCA approved ‘Skilled Person’ for Financial Crime.

Rt Hon Stephen Timms MP, Member of Parliament for East Ham

The Rt Hon Stephen Timms has been the Member of Parliament for East Ham since 1994. He was the Shadow Minister for Employment from 2010 until September 2015 and previously sat on the Exiting the European Union Select Committee. He currently chairs the Work and Pensions Select Committee.

Stephen held a number of ministerial posts under the previous Labour Government including Chief Secretary to the Treasury and Financial Secretary to the Treasury. Before entering Parliament, Stephen worked in the telecommunications industry for fifteen years, first for Logica and then for Ovum. He managed Ovum's telecommunications reports business until his election in 1994.

Mimi Otohwo, Global Head of Financial Crime, Aviva Investors

Mimi is responsible for managing financial crime across the global Aviva Investors business. This includes supporting strategic planning, policy, the financial crime risk management framework, training, prevention and investigation, compliance monitoring and oversight of global offices. Mimi has over 12 years’ experience working in the financial service industry in the Life/Pension and Asset Management sectors. This includes risk and control management in financial services across fraud, money laundering, bribery and corruption, sanctions and the prevention of the facilitation of tax evasion. She is a member of FINCAM, holds a LLB in Law and an MSc in Analysis Design and Management of Information Systems.

Prior to joining Aviva Investors, Mimi worked for the FCA, Nationwide Building Society and a Wrap Platform.

Interested in partnering with us on this event? Get in touch

PANEL PARTNER

SIX is a leading global provider of financial information with core expertise in reference and regulatory data, especially corporate actions. With offices around the world, SIX combines the advantages of local expertise with global reach to serve the wealth and asset management industry as well as global financial institutions. Over the recent years, SIX has developed a renowned expertise on sanctions monitoring at the instrument level.

Join us for a day of exclusive networking - focused on meeting new colleagues, catching up with old friends and making lasting connections in three simple steps:

Connect with people based on mutual interests
Create your profile, select your interests and find matches.

1:1 conversations with top matches via meeting requests
Once meetings are accepted, attendees can chat and network virtually no matter where they are, and with no extra downloads.

It's time to network
Each meeting lasts up to 15 minutes.

The previous IA Financial Crime Forum was held on Wednesday, 10 February 2021. Please find the programme from this event below:

13:00-13:05 Welcome
Pauline Hawkes-Bunyan, Director of Business: Risk, Culture & Resilience, The Investment Association

13:10-13:15 Address from the Financial Crime Committee Chair
Dominic Fielding, CRO & MLRO, Handelsbanken Wealth & Asset Management

13:20-13:35 The 3rd National Risk Assessment on Money Laundering and Terrorist Financing
Katie Kochmann, Head of Economic Crime Emerging Risks, HM Treasury

13:40:14:25 Money-Laundering Post-Brexit
Moderator: Adrian Hood, Regulatory & Financial Crime Expert, The Investment Association
Ciaran Askin, Global Head of Financial Crime, Invesco
Nina Kerkez, Director, Consulting, LexisNexis Risk Solutions
Paul Simmons, Global Head of Financial Crime Prevention & UK MLRO, GAM Investments

14:30-14:45 Public Private Partnerships in the Fraud Pandemic
Debbie Price, Deputy Director, National Economic Crime Centre, NCA

14:50-15:05 The Economic Crime Plan
Lynsey Lauer, Economic Crime Portfolio Delivery Lead, Serious and Organised Crime Group, Home Office

15:05-15:35 Networking break

15:35-16:05 UK Regulatory Priorities and Recent Developments in US Sanctions
Sterling Darling, Litigator, Linklaters
Clare McMullen, Financial Regulation Group Counsel, Linklaters

16:10-16:55 Investment Fraud
Moderator: Adrian Hood, Regulatory & Financial Crime Expert, The Investment Association
Chris Buckingham, Detective Sergeant, Business Stakeholder Manager, NFIB, City of London Police
Steve Hyndman, Global Director of Financial Crime and IT Risk, Aviva Investors
Matthew Pascoe, Senior Manager & MLRO, Schroders
Robbie Whiteley, Senior Manager, EMEA Fraud Strategy, Enterprise Fraud Management, BMO Financial Group

16:55-17:00 Closing Remarks
Adrian Hood, Regulatory & Financial Crime Expert, The Investment Association