MLROs.com Conference One 2020

BDO LLP, London | Wednesday 22nd January 2020

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Event Details

MLROs.com are pleased to bring you the first of our regular industry renowned conferences for 2020.  Our conferences are always a great value, full-day event, packed with major topical issues and expert speakers.

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 delegate fee includes refreshments, lunch and a post-event networking drinks reception, hosted by our friends at BDO. The conference will be held at their London Aldersgate offices which are located at 150 Aldersgate Street, London, EC1A 4AB on Wednesday, 22nd January 2020.

Tickets & Bookings

Tickets for Conference Three start at just £149* for all-day attendance. Please note our pricing structure.

1st Release Admission
2nd Release Admission
3rd Release Admission
4th Release Admission £299*
Half Day Admission (AM/ PM) £199*

Register Here

Please email us at conference@mlros.com if  you require a PDF booking form

Hosting Partner

BDO’s Financial Services’ team has over 350 specialists in the UK and is part of a global BDO network with operations in all major financial centres. Our expertise covers the banking, insurance, capital markets, private equity and asset management sectors where we work with firms of varying sizes, from new entrants to the largest and most complex financial services organisations in the world.

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

david-pelled-circled

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.

David Pelled,
CEO, MLROs.com

09:10 – 09:55

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.

Speaker: Denis O’Connor

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

With Friends Like These…. PEPs and their “Not so Close” Associates

The last 24 months has seen a number of bribery and corruption cases involving PEPs. A number of these cases appear to involve parties that do not fit neatly into the definition of a “close associate” found in the UK’s and EU regulatory requirements.

This presentation will consider the latest tactics used to furnish PEPs with illicit payments and luxury goods that involve entities and individuals with no apparent connection to them.

Speaker: Sam Sheen
Director, Ex Ante Advisory Limited

12:30 – 13:30

Lunch

Selection of sandwiches, drinks and snacks available.

13:30 – 14:15

Sanctions Risk in a Volatile World

Sanctions are now the go-to tool of US and EU foreign policy, often being imposed with little or no notice, creating compliance nightmares for companies and exposing them to criminal prosecution and huge fines. This session examines the latest themes across both US and EU sanctions landscapes, and in particular the problems caused by divergence between the two. It will explain US extra-territorial reach by way of secondary sanctions, the measures the EU has taken to protect EU companies and the resulting litigation. Sanctions post Brexit will also be explained with some predictions at where the UK’s foreign policy may tilt

Speaker: Anna Bradshaw
Partner, Peters & Peters Solicitors LLP

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, Fiona 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: Fiona Raistrick
Partner, BDO

15:00 – 15:20

Afternoon Coffee

Selection of teas, coffees, cakes and fresh juice available.

15:20 – 16:05

Crisis of Conscience: Whistleblowing in an Age of Fraud

In fireside chat fashion, London attorney, Mary Inman, partner at Constantine Cannon and head of firm’s international whistleblower practice, will interview New York Times best-selling author Tom Mueller about his new book (just published in UK), Crisis of Conscience: Whistleblowing in an Age of Fraud, which features 20 in-depth stories of whistleblowers from a wide range of industries. (The book is the product of 7 years of research and interviews with over 200 WBs). Their conversation will focus on the key red flags for organizational misconduct that typically give rise to whistleblower disclosures; best practices for dealing with whistleblowers in your organization; unproductive patterns of behavior that emerge and pitfalls to avoid in dealing with internal and external whistleblower complaints; and why it’s important to tear up the dog-eared corporate playbook of shooting the messenger to ignore or bury the message.

Speaker: Tom Mueller
Author
& Mary Inman
Partner, Constantine Cannon

16:05 – 16:50

Keynote Speaker: Mike Chambers

Mike is a recognised authority on automated payments and, as Chief Executive, led Bacs Payment Schemes Limited (Bacs), the UK’s biggest retail payment system, from 2004 until 2018. During which time he successfully steered the company through a record number of payment processing, technological, regulatory and innovative customer proposition ‘firsts’.

Under Mike’s direction, Bacs extended its product offering to include the ownership, management and market adoption of the Current Account Switch Service (CASS) and the Cash ISA Transfer Service.

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.

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.

David Pelled,
CEO, MLROs.com

09:10 – 09:55

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.

Speaker: Denis O’Connor

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

With Friends Like These…. PEPs and their “Not so Close” Associates

The last 24 months has seen a number of bribery and corruption cases involving PEPs. A number of these cases appear to involve parties that do not fit neatly into the definition of a “close associate” found in the UK’s and EU regulatory requirements.

This presentation will consider the latest tactics used to furnish PEPs with illicit payments and luxury goods that involve entities and individuals with no apparent connection to them.

Speaker: Sam Sheen
Director, Ex Ante Advisory Limited

12:30 – 13:30

Lunch

Selection of sandwiches, drinks and snacks available.

13:30 – 14:15

Sanctions Risk in a Volatile World

Sanctions are now the go-to tool of US and EU foreign policy, often being imposed with little or no notice, creating compliance nightmares for companies and exposing them to criminal prosecution and huge fines. This session examines the latest themes across both US and EU sanctions landscapes, and in particular the problems caused by divergence between the two. It will explain US extra-territorial reach by way of secondary sanctions, the measures the EU has taken to protect EU companies and the resulting litigation. Sanctions post Brexit will also be explained with some predictions at where the UK’s foreign policy may tilt

Speaker: Anna Bradshaw
Partner, Peters & Peters Solicitors LLP

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, Fiona 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: Fiona Raistrick
Partner, BDO

15:00 – 15:20

Afternoon Coffee

Selection of teas, coffees, cakes and fresh juice available.

15:20 – 16:05

Crisis of Conscience: Whistleblowing in an Age of Fraud

In fireside chat fashion, London attorney, Mary Inman, partner at Constantine Cannon and head of firm’s international whistleblower practice, will interview New York Times best-selling author Tom Mueller about his new book (just published in UK), Crisis of Conscience: Whistleblowing in an Age of Fraud, which features 20 in-depth stories of whistleblowers from a wide range of industries. (The book is the product of 7 years of research and interviews with over 200 WBs). Their conversation will focus on the key red flags for organizational misconduct that typically give rise to whistleblower disclosures; best practices for dealing with whistleblowers in your organization; unproductive patterns of behavior that emerge and pitfalls to avoid in dealing with internal and external whistleblower complaints; and why it’s important to tear up the dog-eared corporate playbook of shooting the messenger to ignore or bury the message.

Speaker: Tom Mueller
Author
& Mary Inman
Partner, Constantine Cannon

16:05 – 16:50

Keynote Speaker: Mike Chambers

Mike is a recognised authority on automated payments and, as Chief Executive, led Bacs Payment Schemes Limited (Bacs), the UK’s biggest retail payment system, from 2004 until 2018. During which time he successfully steered the company through a record number of payment processing, technological, regulatory and innovative customer proposition ‘firsts’.

Under Mike’s direction, Bacs extended its product offering to include the ownership, management and market adoption of the Current Account Switch Service (CASS) and the Cash ISA Transfer Service.

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.

Event Supported By

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