MLROs.com Conference One North 2020
Event Information
About this event
MLROs.com are pleased to bring you our first conference outside the M25 in 2020. Join us in the next in our series of conferences held outside of London, kindly hosted by our friends at BDO LLP at their Birmingham offices.
The conference will provide delegates with the information to enhance the scope and depth of their knowledge across a broad range of subjects, as well as earn valuable CPD points.
The various presentations will be provided to paying delegates electronically post-conference.
Agenda & Speakers
08:30 – 09:00 Registration & Coffee
Delegate’s arrival / registration and a chance to grab a pre-event coffee and some nibbles before settling into the day’s busy schedule!
09:00 – 09:10 CEO’s Introduction
A quick welcome to MLROs.com Conference One 2020 from our CEO and an update on the latest forum news and developments.
09:10 – 09:55 Sanctions, Where Can We Go? What Can We Do?
With Iran, Russia, Venezuela doing “their own things” & the US getting worked up over Turkey, Hong Kong and China, Sanctions are in the news a lot currently. Neil will take a look at what is actually occuring in these regions and how it directly affects you in the office.
Sanctions clauses is a new and interesting development currently going through the courts for us to take a look to see how it may affect you in the near future.
Neil will also take a look at screenings (see Apple), and how Brexit may also cause issues.
09:55 – 10:40 Persons of Significant Control & MLD5
Lee leads the companies house effort on compliance and is regarded as the Companies House expert on PSCs (People with Significant Control) and beneficial ownership. In 2018 he was heavily involved in the UK’s successful FATF assessment and 2019 he led the Companies House elements of the 5MLD transposition.
Speaker: Lee Robins - Head of Enforcement, Companies House
10:40 – 11:00 Morning Coffee
Selection of teas, coffees, cakes and fresh juice available.
11:00 – 11:45 Suspicious Activity Reports and Suspicious Transaction and Order Reports, two sides of the same coin or completely different processes!?
On October 18, the Financial Conduct Authority published a letter giving guidance on the distinction between suspicious activity reports (SARs) and suspicious transaction and order reports (STORs). The letter was sent in response to a request by UK Finance, a trade association, following a meeting of the ‘SARs Collaboration Working Group.’
This presentation, will assess the similarities and differences between SAR and STOR regimes, their respective legislative backgrounds, and best practice guidance which Firms should seek to follow when navigating their reporting requirements.
Speaker: Vladimir Ivanov - Manager, BDO
11:45 – 12:30 Technology and Economic Crime Prevention
We are now in the 4th industrial revolution – the digital age! Technology solutions are out there at large that can help you, as an MLRO, discharge your responsibilities but selecting the right product and vendor can be a daunting consideration. So what are the key things you need to think about as we move into the age of AI and automation?
Speaker: Gareth Narinesingh Commercial Director – Financial Services, Yoti
12:30 – 13:30 Lunch
Selection of sandwiches, drinks and snacks available.
13:30 – 14:15 The Art Market and Money Laundering
With the introduction of AMLD5, the art market is now in scope from a regulatory perspective. Dev will take a look at what this means for Financial Institutions with clients in the sector and highlight both new and old cases where art has been used in money laundering.
Speaker: Dev Odedra - AML Expert (Director), Minerva Stratagem Consulting
14:15 – 15:00 Demystifying SOW and SOF
In an ever-more complicated regulatory environment, firms are still struggling to truly understand their responsibilities and obligations regarding the identification and verification of their customers’ source of wealth and source of funds.
Whilst UK and international regulatory standards and requirements both make clear the importance of establishing source of wealth and source of funds, practical guidance is limited and the stakes are high. In this session, Hassan will discuss the differences between source of wealth and source of funds; when these need to be identified and verified; what documentation firms should be collecting; and some examples of good and bad practice.
Speaker: Hassan Elsoussy - Economic Crime Advisory Manager, BDO
15:00 – 15:20 Afternoon Coffee
Selection of teas, coffees, cakes and fresh juice available.
15:20 – 16:05 5 MLD and the Future of AML Regulation
Session Information Pending
Speaker: Gabriella Margherito - AML Regulatory Changes, Standard Chartered Bank
16:05 – 16:50 Westpac’s Woes
Denis will look over the recent civil action taken by the Australian AMl/CTF regulator, AUSTRAC, against Westpac alleging over 23 million breaches of domestic legislation, each carrying a maximum fine of A$21 million ($7.5/£11 million).
He will look at what important lessons that financial crime staff can learn from so as to prevent their firms from making the same mistakes as Westpac and the importance of ensuring that basic ML/TF controls are effectively applied in a manner relevant to the activities conducted by their firms.
16:50 – 17:30 Panel Q & A
A selection of the days speakers will be available for a short open Q&A session with questions from the floor.
17:30 – 19:30 Evening Reception & Networking
A fantastic opportunity to decompress with a drink and some food; and network with your peers and the expert speakers of the day, hosted by BDO LLP.
