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 Three 2019 from our CEO and an update on the latest forum news and developments.

David Pelled,
CEO, MLROs.com

09:10 – 09:55

Human Trafficking and Modern Day Slavery – Practical Advice for the AML and Financial Crime Professionals to Combat These Practices.

Stop The Traffik will run this session on human trafficking and modern-day slavery and how the AML and financial crime professional can practically help stop this awful trade.

Speaker: Bill Peace
Stop the Traffik

09:55 – 10:40

Companies House – Post Consultation Document, the Start of the Way Forward

This is a follow up session after the initial session in London on 12th June 2019 where Companies House introduced the consultation document and process. As the process for submitting comments ended formally on the 5th August, this is the initial follow up to continue the engagement

Speaker: Mark Buckley
Head of Integrity, Companies House

10:40 – 11:00

 Morning Coffee

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

11:00 – 11:45

Compliance in a Post-Fintech World

In this session Sameer covers 3 key areas of financial crime compliance that have materially changed by the advent of fintech financial service firms and what lessons and pointers MLROs and fincrime professionals should take from them as we move into a post fintech world:

1. As customers become increasingly au fait with non face to face and app based relationships, how do fincrime professionals keep up with regulation that is often trailing behind the technological curve? AI presents new challenges – what becomes of a compliance audit trail when an AML risk decision is made by a ‘black box’ machine learning approach?
2. Fintech firms are on the cutting edge of the monotonous processes that drive compliance operations, onboardin, transaction monitoring and so – it’s not just speeding up processes but improving effectiveness and reducing false positives. Big data is changing the game and is well on the way to reducing fraud and potential AML issues much more rapidly than before.
3. Real time monitoring will be crucial to preventing potential breaches that led to the downfall of Danske the PPI apocalypse and whatever else is around the corner, how can we leverage the move to real time to pre-empt and prevent AML risk issues?

Speaker: Sameer Ismail
MLROs.com Advisory Board Member

11:45 – 12:30

Money Laundering in the Capital Markets

Denis O’Connor will discuss the recent FCA Thematic Review on Money Laundering in the Capital Markets and then he will focus on the Mozambique Tuna Bond scandal where the capital markets were used to launder funds

Speaker: Denis O’Connor

12:30 – 13:30

Lunch

Selection of sandwiches, drinks and snacks available.

13:30 – 14:15

YOU HAVE BEEN SELECTED FOR JURY SERVICE

Jury service is an important public duty. You will be asked to consider the outcome of a trial in the high court. You will be asked to consider the case of Gringotts Bank Plc v Borgin & Burkes Limited.

We are asking you to assist Ms Justice Geyton decide on the outcome. Throughout the course of the hearing, you will be asked to consider the following points, among others:-

– whether closing a customer’s bank accounts could infringe competition law principles
– what consideration should be given to the risk of sending money abroad.
– the relationship between data protection principles with the current money laundering law

You are expected you to perform your duty as a juror with all care and diligence in order to uphold the rule of law.

Speakers: Simon Livesey
Partner, Winckworth Sherwood

Jon Baldwin
Partner, Winckworth Sherwood

Charlotte Geyton
Paralegal, Winckworth Sherwood

14:15 – 15:00

Is Machine Learning /Artificial Intelligence  the answer or will we always need human beings?

The recent growth of Artificial Intelligence (AI)and Machine Learning (ML) is starting to promise a revolution in the way that due diligence and alert monitoring is conducted. There is the potential, over the next few years, for these systems to take over from human beings in these roles. Given the need for banks and other FIs to rein in massive spending on compliance, will these systems ever entirely replace people and are we in danger of watering down our compliance in the rush to automate?

Speaker: Michael Blicker
FICO TONBELLER

15:00 – 15:20

Afternoon Coffee

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

15:20 – 16:05

Extension to the SMCR

Following the implementation of the Senior Managers and Certification Regime (“SMCR”) to banks and dual-regulated firms in 2016, the FCA has now published its final rules on the forthcoming extension of the SMCR to solo-regulated firms which will apply from 9 December 2019.

We will focus on the common requirements of SMCR which apply to institutions across the financial sector and its linkages to governance and culture. We will also share our industry insight (including case studies) on some practical steps which senior management, certified staff and relevant support functions can take to ensure they are compliant with regulations whilst strengthening accountability within their organisations.

Speaker: Richard Barnwell
Partner, BDO LLP

16:05 – 16:50

Keynote Speaker: Jonathan Fisher QC

Recent Money Laundering cases in the Courts

16:50 – 17:30

AML Regulations and Brexit

Thomas Donegan will cover the current status of UK AML Law and how EU AML Legislation is being adapted in preparation for Brexit. He will take a brief look at information sharing post Brexit and the risk of divergence between EU & UK AML regimes.

Thomas will also take a brief look at the Sanctions and AML Act 2018 as well as AML Governance; including how to organise a firm with a new EU subsidiary & AML Functions.

Speaker: Thomas Donegan
Partner, Shearman & Sterling

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 Winckworth Sherwood.