Financial Crime Forum 2023

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

SUMMARY

This event will provide individuals with the opportunity to find out more about developments in countering financial crime and ideas on 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.

Whilst UK businesses, law enforcement and the Government continue to introduce numerous initiatives to work across the public/private divide and enable information sharing to facilitate the fight against financial crime, firms find that there are ever increasing demands on their resources and expectations on them to participate.

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.

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.

12:30-13:00 Registration, Refreshments and Networking 

13:00-13:05 Welcome

Chris Cummings, Chief Executive, The Investment Association  

13:05-13:15 Opening Remarks from the Financial Crime Committee Chair

John Clarke, UK MLRO and Head of Financial Crime Compliance at Fidelity International

13:15-13:30 The View from Westminster

The Conservative MP for South Cambridgeshire and member of the Treasury Committee, Anthony Browne MP, will be providing the Westminster view on the constantly evolving battle against financial crime and fraud. He will be sharing his insights into how current Government action in areas such as fraud, sanctions and the Online Safety Bill can be used by our industry to help protect consumer and prevent our financial system from being misused.

Anthony Browne MP

13:30-14:15 Sanctions: Recent developments and future expectations

A discussion about the implementation and implications of the Russia Sanctions regime, and a consideration of how the sanctions regimes may evolve in future.

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

• Ciaran Askin, Global Head of Financial Crime, Janus Henderson Investors
• Sushma Rose, Group Head of Financial Crime Compliance, Schroders
• Oliver Bodmer, Senior Product Proposition Manager, SIX Group
• Joe Rothwell, Enforcement Branch Head, Office of Financial Sanctions Implementation (OFSI)

14:15-14:45 Memoirs of a Skilled Person: Lessons Learned and Top Tips on dealing with a Skilled Person Review

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

14:45-15:15 Networking Break

15:15-15:45 Third Country Risk Assessment for Anti-Money Laundering (AML)
Presenting virtually 

Kateryna Boguslavska, PhD, Project Manager Basel AML Index, International Centre for Asset Recovery at the Basel Institute on Governance

15:45-16:00 Reforming the Suspicious Activity Reporting Regime

Martin Cox, Senior Manager UK Financial Intelligence Unit Economic Crime Command at National Crime Agency (NCA)

16:00-16:45 The Future Landscape

A discussion panel considering current trends in tackling financial crime, and how this area may develop in future.

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

• John Clarke, UK MLRO and Head of Financial Crime Compliance at Fidelity International
• Ruth Paley, Partner - Corporate Crime and Investigations team, Eversheds Sutherland 
• Paul Simmons, Group Head of Financial Crime & MLRO, Hargreaves Lansdown
• Angela Hayes, Partner, DAC Beachcroft LLP

16:45-17:00 Closing Remarks

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

17:00-18:00 Networking Drinks Reception

Chris Cummings, Chief Executive, The Investment Association

Chris Cummings is the Chief Executive of The Investment Association, a post he has held since September 2016. The Investment Association is the trade body that represents UK-based investment managers.
He is a member of HM Treasury’s Asset Management Taskforce, and was a founding member of its Financial Services Trade & Investment Board. He serves on the Chancellor’s Financial Services Industry Advisory Group and Department for International Trade’s Financial Services Trade Advisory Group. He is a Board member on EFAMA, the European trade association for investment management and is a member of the Regulation Committee of IIFA, the international association for investment management. He is also a Trustee of Just Finance Foundation.

He was previously a member of the Financial Conduct Authority’s Regulatory Decisions Committee, a Settlement Decision Maker for the Payment Services Regulator. He served on the Foreign & Commonwealth’s Diplomatic Excellence Panel.
Before joining The Investment Association he was the founding CEO of TheCityUK, held senior posts in banking, insurance and consulting with major global firms. He is a regular columnist, commentator and speaker on issues of international competitiveness and regulation in financial services.

John Clarke, UK MLRO and Head of Financial Crime Compliance at Fidelity International

John is the MLRO and Head of Financial Crime Compliance for Fidelity International’s regulated entities in the UK. In addition to his work with Fidelity, John is also the current Chairperson for the Joint Money Laundering Steering Group Editorial Panel representing the Investment Association on the same. John also currently chairs the Investment Association Financial Crime Committee.

Anthony Browne MP

Anthony was elected as the MP for South Cambridgeshire in December 2019.  Born in Cambridge, and raised in the South Cambridgeshire village of Fowlmere, he has enjoyed a successful career in journalism and the business world.  He brings this wealth of experience, together with his local knowledge, to champion the needs of the constituency he grew up in. Below, he writes about his own journey to Parliament. Anthony was Chief Executive of the British Bankers Association from 2012 to 2017. He also sits on the Treasury Committee which published a report on fraud, scams and economic crime last year.  

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.

Ciaran Askin, Global Head of Financial Crime, Janus Henderson Investors

Ciaran is Global Head of Financial Crime for Janus Henderson Investors and MLRO for its UK businesses. Ciaran recently joined Janus Henderson from Invesco where he was undertaking a similar role. 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 Proposition Manager, SIX Group

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.

Sushma Rose, Group Head of Financial Crime Compliance, Schroders

Sushma Rose is Group Head of Financial Crime Compliance, based in London, which involves responsibility for the management of financial crime risks globally. She joined Schroders at the start of 2018. Sushma was previously a Director at Pricewaterhouse Coopers in London advising clients on both their tactical and strategic management of financial crime issues. She worked on a number of regulator appointed projects both investigative and those putting risk mitigation plans in place. Sushma also sits on the Investment Association’s Financial Crime Committee. 

Joe Rothwell, Enforcement Branch Head, Office of Financial Sanctions Implementation (OFSI)

Joe is one of OFSI’s Enforcement Branch Heads, overseeing enforcement casework and operations in his unit as well as wider policy development across the team. Joe has a number of years’ experience in financial sanctions implementation, having previously worked in OFSI’s licensing division. He took on his current role in Summer 2022.

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

Steve is a trusted advisor to numerous financial institutions and MLROs. He provides advice and assistance in respect of financial crime matters often with cross-jurisdictional impact. He draws on his unusual experience as a defence lawyer, former prosecutor for the Financial Conduct Authority (FCA), and Senior Financial Crime Compliance roles at Barclays and Nomura to provide expert advice and support on financial crime compliance matters and defend individuals and corporates in financial crime, fraud and regulatory investigations and prosecutions. Steve is regularly appointed by the FCA as a Skilled Person and by firms as a shadow Skilled Person. He has recently completed a seven month secondment and interim MLRO and Head of Economic Crime Risk and Advisory for a major UK financial institution.

Martin Cox, Senior Manager UK Financial Intelligence Unit Economic Crime Command at National Crime Agency (NCA)

Martin has over 38 years Investigative and Intelligence experience in the Military, HM Customs & Excise National Investigation Service (NIS), National Criminal Intelligence Service (NCIS), Serious Organised Crime Agency (SOCA) and the NCA. After seven years in the Intelligence Corps joined HMC&E Investigation Division initially working on an operational Drugs target teams. Other roles have included CHIS teams, Surveillance Instructor, CROPs officer, International desk officer, Deputy Head of East Branch NCIS, Head of Operations Interpol Bureau London, International Operational Security Advisor (OPSY) and manager of NCA Professional Standards Unit. These have included overseas postings as the UK Drugs Liaison Officer in Lisbon, Portugal and Operational Security Advisor in Afghanistan. Martin also spent four years in Lyon, France on attachment to Interpol as Assistant Director and later as Director responsible for Fugitives, Anti-kidnapping and extortion, War Crimes, Crimes against Humanity and Genocide.  Martin has completed a Graduate Certificate in applied management at the Australian Institute of Police Management (AIPM). Martin is currently Senior Manager  in the UKFIU with responsibility for the Reporter Engagement Team (RET), SARs Exploitation Team (SET), Disclosure and Risk Management Team and the Digital Media and Communications Team.

Kateryna Boguslavska, PhD, Project Manager Basel AML Index, International Centre for Asset Recovery at the Basel Institute on Governance

Dr Kateryna Boguslavska is Project Manager of the Basel AML Index at the International Centre for Asset Recovery, Basel Institute on Governance.
She is a certified anti-money laundering specialist focused on identifying and analysing geographic anti-money laundering and counter financing of terrorism (AML/CFT) risks. She works on building and improving methodologies to assess AML/CFT risks specific to countries and regions, using a wide variety of financial crime data, including Financial Action Task Force (FATF) datasets.

Paul Simmons, Group Head of Financial Crime & MLRO, Hargreaves Lansdown

Paul Simmons has been the Group Head of Financial Crime and MLRO for Hargreaves Lansdown since November 2021. Paul has been in the AML and financial crime industry for 15 years holding Head of Financial Crime/MLRO and Global roles at M&G Investments, Santander Asset Management and GAM Investments. Before this Paul was a law enforcement officer from HMRC focusing on money laundering, commercial fraud and tax evasion investigations. 

Ruth Paley, Partner - Corporate Crime and Investigations team, Eversheds Sutherland 

Ruth is a partner in Eversheds Sutherland’s Financial Services, Disputes and Investigations Group. She provides strategic advice and representation to a range of multinationals, financial institutions and individuals. She maintain a highly specialist corporate and financial crime practice, working with a range of clients including Boards, Executive Committees, Financial Crime Compliance Officers and MLROs, on criminal and regulatory investigations, frequently leading on large AML remediation and advisory projects, and advising individuals as to potential criminal exposure. As a ‘Skilled Person’ for the purposes of the FCA’s Skilled Person Financial Crime Panel, she performs complex, multi-year examinations of the financial crime systems and controls of a number of financial institutions across all aspects of financial crime compliance.

Ranked as a key lawyer in risk advisory, regulatory investigations and corporate crime, Ruth is described as 'one of the leading names in anti-money laundering work in London, with a depth of knowledge few in the City have', and 'a powerhouse performer in global corporate investigations' with a ‘knowledge of AML law, procedure and compliance that is nothing short of outstanding' (Legal 500).

Ruth joined Eversheds following twelve years at the London Bar conducting heavyweight fraud and financial crime defence trials. She is a contributor to several AML practitioner textbooks including the main chapter on Money Laundering Regulation and SARs in the new edition of the leading text Lissack and Horlick on Bribery and Corruption.

Angela Hayes, Partner, DAC Beachcroft LLP

Angela is a financial services regulation expert with a main focus on investigations and enforcement defence but also with an advisory practice.

Angela has more than 20 years’ experience advising clients across the spectrum of financial services - banks (investment and retail), asset managers and investment funds, securities brokers, wealth advisers, insurers, and listed companies. Angela is well known for her particular expertise regarding market abuse, financial crime and regulatory issues impacting the asset management sector.

Angela’s career has included 12 years as a partner in the London offices of leading US law firms.

Angela has led many major regulatory investigation and defence projects, including coordinating cross-border multi-jurisdictional matters, involving the PRA, FCA, SFO, DOJ, SEC, NY DFS and other regulators in Europe and around the globe. These cases have covered a wide range of issues but include complex market manipulation, investment and trading errors, transaction reporting, fraud and allegations of bribery and corruption. Angela has also assisted many clients with internal investigations and dialogue with regulators, where the facts found have enabled clients to avoid regulatory enforcement action. Most recently this has included issues raised by whistleblowers and culture/conduct issues.

Angela’s advisory practice includes conduct risk mitigation, corporate governance and the senior manager and certification regime, advising on the launch of new products and new businesses (including obtaining authorisation for a new bank and a new life assurance company) and transactional support, including the acquisition of wealth and asset management businesses and Part VII transfers of insurance business.

In partnership with: 

SIX operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (120 banks). With a workforce of 3,685 employees and a presence in 20 countries, it generated operating income of CHF 1.5 billion and Group net profit of CHF 73.5 million in 2021.

The Sanctioned Securities Monitoring Service from SIX brings together a wealth of securities information, plus analysis of sanctioned entities and sanctions regimes for pre- and post-trade screening. In addition to a daily scrubbed list of tainted entities, SIX experts detail changes to corporate structures and other events that may bring new securities into scope. Combined with watch lists of at-risk entities, you get a clear, at-a-glance overview of the global sanctions picture and your own risk exposure.