MLROs.com Conference One North 2020

BDO LLP, Birmingham | Wednesday 12th February 2020

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Event Details

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.

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 Birmingham which are located at 2 Snow Hill Queensway, Birmingham, B4 6GA on Wednesday, 12th February 2020.

Tickets & Bookings

Tickets for Conference Three start at just £199* for all-day attendance. Please note our pricing structure.

1st Release Admission
2nd Release Admission £199*
3rd Release Admission £249*
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

Challenges in the real-time world

As customer expectations of immediate service have gown over the last 20 years, driving the development of always-on financial services, the challenge to AML teams has grown only more acute. When Faster Payments was introduced over 13 years ago in the UK, it was forecast to drive a wave of “faster fraud”, but the impact on money laundering and the development of high-speed money mule networks was in large part overlooked.

Now the rest of the world is moving to instant movement of money, creating the potential to move money faster in regional pools and giving AML teams a harder task tracking down the proceeds of crime. Jonathan discusses the new payment  schemes and the consequent challenges for AML policy.

Speaker: Jon Williams
MLROs.com Advisory Board Member

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

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

16:05 – 18:00

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

Challenges in the real-time world

As customer expectations of immediate service have gown over the last 20 years, driving the development of always-on financial services, the challenge to AML teams has grown only more acute. When Faster Payments was introduced over 13 years ago in the UK, it was forecast to drive a wave of “faster fraud”, but the impact on money laundering and the development of high-speed money mule networks was in large part overlooked.

Now the rest of the world is moving to instant movement of money, creating the potential to move money faster in regional pools and giving AML teams a harder task tracking down the proceeds of crime. Jonathan discusses the new payment  schemes and the consequent challenges for AML policy.

Speaker: Jon Williams
MLROs.com Advisory Board Member

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

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

16:05 – 18:00

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.

*Cost does not include any booking or handling fees charged by Eventbrite.